Post Holiday Capacity Recovery
The freight market is recovering after the holiday slump, with national tender volumes up 19.3% over the past week, though still lagging 6.98% behind last year. Contract load volumes rose 22.66% week-over-week, driven by decreased tender rejections, which fell to 7.13%. Reefer freight remains strong, with volumes up 6.5% year-over-year, though dry van volumes are down 10.2% year-over-year. Key markets like Ontario, CA, Atlanta, and Dallas saw capacity return, resulting in falling rejection rates yet sustained year-over-year gains. Spot rates climbed 3 cents per mile last week, now 6 cents above 2024 levels, signaling a carrier-friendly shift as capacity rebalances.
Upcoming events like the Lunar New Year and potential labor disruptions could temporarily boost volumes. While the consumer sector shows cautious spending, industrial recovery may balance potential softening. Overall, the freight landscape appears poised for stabilization by mid-2025 after early challenges.
TLC is proactively adjusting network strategies to match rising spot rates and capacity trends. We’re here to help you secure capacity and maintain operational efficiency. Let’s talk today about preparing for 2025.
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