Supply chains across the globe continue to be backlogged and will be into 2022. Volumes have remained consistently strong throughout 2021, with robust levels of consumer spending, coupled with retailers flooding the ports with imports pulled forward ahead of the holidays, continuing to pressure the market. Shortages of semiconductors, chassis, containers, and drivers are further complicating the capacity side of the equation. Ultimately, this challenging combination of strong demand and insufficient capacity has caused significant upward spot market and contract rate pressure. There still isn’t a simple solution to the problems we are facing, with most industry experts expecting a prolonged tight freight market well into 2022. As we head into Q4, our Quarterly Market Spotlight provides a look back on Q3 and our expectations to finish 2021. Fill out the form to receive a copy of the report.

Quarterly Market Spotlight

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