Tariffs still looming over freight market

Tariffs still looming over freight market

The freight market could soon experience an increased seasonal lull, the OOIDA Foundation said in its July market update. A typical summer slowdown is expected to be “more pronounced,” according to the Total Spot Market Cycle Indicator. TSMCI cited contractions in dry van and reefer and quoted a manufacturer who said tariffs have “utterly stopped” global and domestic sales. The Foundation update revealed an overall downward trend in demand as we…