Q1 2022 MARKET REPORT

Overall, market conditions remained mostly unchanged in Q4 with tight capacity and strong demand continuing throughout the holiday season. Vigorous consumer spending, coupled with congested ports and shrinking warehouse space continued to pressure the market. Driver shortages and equipment availability further tightened capacity, and supply chains have not fully healed from Covid-19 shocks as new variants emerge. For the first time in thirty-nine years, inflation rates topped 6% and are predicted to remain elevated until supply chains and labor markets become more stabilized. Our Quarterly Market Spotlight provides a look back on Q4 and our outlook to start 2022. Fill out the form to receive a copy of the report.