News / Uber Freight’s dismal view of US trucking; not much good news for shippers

© Chokchai Poomichaiya

Recession has spread from the spot market, and some freight rates have dropped to levels last seen before Covid.

The pain is expected to continue for operators at least through the first half of this year, according to the Uber Freight Market Update. However, shippers hoping for lower rates from their LTL providers will likely be disappointed.

Capacity and demand have diverged, with supply rising 8% year on year in November, while demand slipped 1%, owing to plunging imports and lower consumer ...