CARZ - What Trucking And Freight Just Said About The Goods-Based Economy In The U.S.
Something has to give.
Starting to be a fascinating phenomenon: Rates charged by trucking companies and other transportation providers continue to surge on a year-over-year basis even as the volume of shipments has dropped below where it had been a year ago, while the "capacity squeeze" of 2018 has disappeared, and as the price of fuel is down year over year.
Freight shipment volume across all modes of transportation - truck, rail, air, and barge - in January ticked down (-0.3%) from January last year, according to the Cass Freight Index, the second year-over-year