Just a short post today. The 4th of July long weekend is likely kicking off for you.
It has been a crazy run up and we will have to see if volumes hold past the historical end of the summer seasonal bump.
If volumes hold – true recovery seems to be happening. If volumes decline but rejections stay up – expect capacity issues to continue and Q3/4 might be really interesting from a spot rate perspective.
If rejection levels follow volume to the negative, we think this may have just been a particularly robust seasonal rise combined with pent up retail demand due to COVID19 closure and re-opening.
That would signify that capacity is still ahead of demand.
In closing - the team at Loadshop™ would like to wish everyone a safe and happy holiday weekend.