By most indications, the freight market seems to be turning a corner, even if it is ever so slowly. That doesn’t mean business has gotten any easier for fleets, at least not yet.
Trucking tech firm Motive has been keeping its finger on the pulse of the economy as it relates to the freight markets, and according to its January economic report, trucking saw its biggest contraction of the 2023 in December.
Joining us this week is Hamish Woodrow, Motive’s head of strategic analytics, who talks about the latest report and what it means for the industry.
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Contents of this video
00:00 10-44 intro
00:30 Freight market
01:04 Retail index
02:53 Carrier exits
06:13 Small carries vs. large carriers
07:52 New carrier registrations
10:18 Capacity and risk aversion
