Recent weeks have shown cautious optimism in the freight market, indicating potential improvements in freight volumes and tonnage. While it’s premature to declare a full recovery, strong import levels to the U.S. and positive consumer spending, aided by interest rate cuts and declining inflation, are encouraging signs. The American Trucking Associations reported a 1.2% increase in truck tonnage in October, reflecting a slow recovery since January. Similarly, intermodal volumes and rail freight index gains suggest a positive trend, although uncertainties remain. Overall, the freight market outlook is improving as we approach Thanksgiving.

Source: https://www.logisticsmgmt.com/article/cautious_optimism_for_freight_with_improving_tonnage_and_consumer_spending_potentially_pointing_to_better_days_ahead/