Q1 2023 Shipper Rate Report
The Shipper Rate Report—presented in partnership with U.S. Bank and BlueGrace Logistics—is a quarterly publication using freight payment data from U.S. Bank in conjunction with FreightWaves SONAR data sets to create the most in-depth rate and demand outlook for shippers. The insights within this paper are curated by the market experts at FreightWaves and backed by the proprietary data and analytics housed in FreightWaves’ SONAR platform.
Featured insights for Q1 2023 include:
- Insights from the latest U.S. Bank Freight Payment Index
- Review of trends from the previous quarter
- Update on rates, volumes and capacity for Q4
- Shipper insights and forecast for the coming month
“Volumes continue to decline from pandemic highs but remain above 2019-early 2020 levels. Tender acceptance is strong as route guides continue to perform well. While most shippers have run through new contract cycles and adjusted rates to current market levels, the lack of spot freight and low demand levels are keeping carriers committed to their contractual business. If 2023 does follow traditional seasonal patterns, we should see some increased activity as we move into the summer and the end of Q2.”
Bryce Williford, Vice President of Sales, BlueGrace Logistics
