Why are freight rates trending up?

These market forces have combined to create an environment where freight rates are trending upward, putting carriers in a position of relative strength. J.B. Hunt Transport Services, Inc. is a major player in the North American transportation and logistics industry.

Why is the freight market rebalancing?

The freight market has been historically characterized by a balance of power between shippers and carriers that is now experiencing a rebalancing. This shift is driven by two primary factors: a surge in "tender rejections" and a decrease in overall capacity.

How does economic growth affect freight volume?

Strong economic growth, although exhibiting some recent slowdowns, generally increases freight volume as businesses produce and ship more goods. The persistent rise of e-commerce further fuels this demand, requiring frequent and rapid deliveries.