With fresh capacity landing on the West Coast, sources say spot rates could start to soften after a four-month bull run driven by cargo frontloading and higher bunker fuel prices.
The US retail inventories-to-sales ratio in April fell to its lowest in more than three years as the market ponders just how much steam the current frontloading push has left.
Both traditional LTL carriers and non-traditional expedited LTL providers are seeking access to containerized freight as trans-Pacific imports increase.
Carriers, brokers and market analysts say flatbed equipment is becoming increasingly difficult to secure in several key freight markets, particularly across the South.
