Q2 2024 Shipper Rate Report

The Shipper Rate Report, a collaborative effort between FreightWaves, BlueGrace Logistics, and U.S. Bank, offering a comprehensive analysis of freight shipping rates. This recurring publication serves as an invaluable resource for shippers, carriers, and logistics professionals, providing data-driven insights into the dynamic landscape of the transportation industry. Drawing on a wealth of reliable sources, including FreightWaves’ extensive SONAR datasets, BlueGrace Logistics’ operational perspectives, and US Bank’s financial insights, the report delivers a holistic view of current shipping rate trends.

This collaboration ensures that the Quarterly Shipper Rate Report not only captures the complexities of the market but also offers a unique blend of expertise from key players in logistics and finance. Whether you’re navigating operational challenges or seeking a broader economic perspective, this report is a go-to reference, delivering a comprehensive understanding of the factors shaping the freight industry.

“Looking ahead to the second quarter of 2024, we anticipate that spot rates to remain under pressure due to persistent overcapacity, despite resilient freight demand. The next few months will be critical, reflecting wider economic trends that may impact demand patterns and capacity shifts in the market. As the year progresses, we remain cautiously optimistic, emphasizing the importance of shippers and carriers adopting a strategic approach to maintain flexibility in their operations, as we are likely to see shifts in demand and capacity.”

– Raddy Velkov, Vice President of Carrier Sales, BlueGrace Logistics