As we begin the new year, many in the industry are asking the same question: Can we expect any surprises in 2023? Many experts are optimistic that this year will bring less volatility and more predictability to the market in general. In the following report, we will evaluate the economic factors that affected supply and demand for 2022 and how they have changed for 2023.
A loss of freight from US home construction and manufacturing is depressing spot market volumes and rates for flatbed trucks, creating surplus capacity which isn’t currently being matched with demand. The current load-to-truck ratio on 1/22 is 2.08. Now that the holidays are over and truck availability has opened, capacity has softened to meet current demand.
Many Chinese factories are closing earlier and for longer this year than in past years, and volumes are likely to remain depressed until March. Carriers are experiencing low utilization levels on TPWB, and capacity is readily available on almost all services. Most US East Coast services to North Europe and the Mediterranean are experiencing medium to low utilization levels and limited space constraints.
Sunset’s Director of Marketing, Kacey Schaeffer, joined Mary O’Connell for the FreightWaves 2023 Sales & Marketing Summit to share her experience building a marketing program in the mid-market space.
The American Trucking Association notes that recruitment trends in trucking have been returning to more normalized levels since November after a frenzied start to the year. The current load-to-truck ratio on 12/25 is 3.74. Overall, December has shown a tightening in capacity since the steep drop off earlier this month due to the completion of Black Friday/Cyber Monday shopping.
Sunset Carrier Sales Reps Daniel, Derek and David, joined Mary O’Connell for the FreightWaves Check Call podcast to relive some of their favorite stories while brokering freight. From hot tub jacuzzies to tractor trailer fires, there’s never a dull moment! Listen to the audio version on Spotify:
The following information from Sunset’s International team details the current International market conditions. Customer communication is vital with the instability of international trade.
The following insights are provided by Sunset’s Strategic Account Management team. Trends and discussions range from seasonal manufacturing and agriculture trends that affect available capacity to general insight into outside factors affecting freight volumes. Below is a summary of the November insights: DOMESTIC Capacity Good news – anyone who wants a Christmas tree this year should…
The following report was written by the Sunset Transportation cross-border team, stationed at the World Trade border in Laredo / Nuevo Laredo and Querétaro, MX. Insights are drawn from multiple sources, including our in-house transportation experts and industry data.
Sunset is proud to continue our 19-year partnership with the Greater St. Louis Area Council Boy Scouts of America and St. Louis Food Bank for Scouting for Food, the largest one-day food drive in the U.S. We successfully transported over 1,681,167 million donated items, distributed across 63 counties throughout St. Louis metropolitan areas, southeast Missouri, and southern Illinois regions.,
AN UPDATE FROM SUNSET’S INTERNATIONAL TEAM: The following information from Sunset’s International team details the current International market conditions. Customer communication is vital with the instability of international trade. Sunset is here to help with the most basic or complex shipments. Email [email protected] to speak further about how to manage any International needs that arise. Ocean Industry Current…
Women in Trucking Association (WIT) honors Sunset for our ambitious goals to hire and promote more women, and our commitment to the advancement of women in the workplace. Sunset is honored to join the esteemed group of 2022 Top Companies for Women to Work For in Transportation for the third consecutive year.
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