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Carriers in strongest power position of past 2 months

May 22, 2020 at 02:42 PM CST

Outbound tender volumes are benefiting greatly from the reopening of the economy and a release of pent-up consumer demand. Supply dynamics are taking longer to adjust and capacity remains extremely loose. While rates are coming off a depressed base, spot rates have increased in the vast majority of lanes. Consumer spending data and a bump from produce season put the carriers in a better position than they have been in throughout the past month.