Q2 2023 Shipper Rate Report

Q2 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 Q2 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 Q2
Shipper insights and forecast for the coming month

“Volumes continue to be soft through the first part of Q2, weather has impacted the traditional start of produce season and CPG and retail continue to be slow. We are seeing tender acceptance remain at record levels, and as a result, the spot market is very light. We believe that capacity will continue to leave the market and rates will increase in late 2023.”

– Scott Schara, CCO and President of 3PL Services, BlueGrace Logistics