The freight market downturn is going strong, with rates falling sharply since the market’s peak in September 2021. The upheaval is due to several factors, including weaker demand for goods due to inflation and rising interest rates, increased supply of freight capacity as new trucks and drivers enter the market, and easing the supply chain disruptions driving up freight rates.
The outlook for the freight market in 2024 is uncertain at best. Some experts believe the market will rebound in 2024 if consumer spending leads to higher retail demand without bottlenecks and delays at ports and hubs. The downturn could last longer as the global economy faces many obstacles, including inflation, higher interest rates, and fuel prices.
Carriers and shippers must prepare for a challenging market in the coming months. Carriers need more efficient and customer-focused solutions to compete in a tighter market. Shippers need to be more flexible with their shipping schedules and budgets.
RS Express is committed to helping customers navigate the freight market changes. We have a team of experienced professionals who can help you optimize your shipping costs and ensure that your freight is delivered on time and in good condition.
How can RS Express help you during the freight market downturn?
- We offer a variety of shipping options to meet your needs and budget. We can help you choose the best freight shipping options and service levels based on your budget, timeline, and other requirements.
- We have a network of reliable industry partners and vendors. We work with a variety of experienced and dedicated carriers who can move your freight safely and efficiently.
- We offer competitive rates. We negotiate competitive rates with our carriers to pass the savings on to our customers.
- We provide excellent customer service. We are here to answer your questions and help you with any shipping challenges you may face.
RS Express is here to help you save money and ensure your freight is delivered on time and in excellent condition. Contact RS Express today to learn how we can help you navigate the freight market downturn and steer you back to sanity.