US Truckers Hope to See End of Rough Patch for Freight

TOPSHOT - In this aerial image, Trucks transport cargo containers at the Port of Baltimore in Baltimore, Maryland, on October 14, 2021. - Closed factories, clogged ports, no truck drivers -- up and down the global supply chain there are problems, raising concerns that it could disrupt the global economic recovery. (Photo by Brendan Smialowski / AFP) (Photo by BRENDAN SMIALOWSKI/AFP via Getty Images)Photographer: Brendan Smialowski/AFP

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April 17, 2023 at 11:57 AM UTC

Truckers across North America have struggled mightily as freight demand slowed over the past 12 months but some signs are emerging that the worst may soon be over.

According to the latest Bloomberg Intelligence/Truckstop survey, we may be sitting at the lows for spot truckload demand and rates. Demand expectations for the next three to six months have improved and the rate outlook is inching up. (On the Bloomberg Terminal, click here to read the full report.)