Shippers Brace for Impact as Freight Rates Climb

By Craig Fuller of FreightWaves I’ve been closely following the freight market, and it’s clear that the Great Freight Recession has ended. After the most prolonged freight recession in history, the market has been showing signs of recovery over the past few months. This shift is backed by SONAR data, confirming a market turnaround. Tender rejections rising: The increase in tender rejections to over 6% signals that the market is tightening. After seeing rejections dip to 3.4% post-Labor Day last year, this change indicates that carriers…