4th of July Freight Trends

Good morning and happy Tuesday! Welcome to the FreightWaves Now community spotlight with Kaylee Nix and Mary O'Connell. Today, we dive into the latest market updates and consumer trends with special guest David Spencer from Arrive Logistics.

In this episode, we discuss:

• The current state of freight rates and market volumes

• Anticipations for the 4th of July impact on freight

• The evolving spread between contract and spot rates

• The role of consumer spending in market recovery

David Spencer returns to provide his expert insights on these topics and more. We also touch on the potential impacts of the 2024 hurricane season, with Hurricane Beryl already making waves in the Caribbean.

Timestamps:

• 00:00 - Intro

• 00:13 - Mary O'Connell on Taco Tuesday and July 4th

• 00:34 - Special Guest: David Spencer from Arrive Logistics

• 01:12 - Monthly Market Update: Freight Rates and Market Volumes

• 02:29 - The 4th of July's Impact on Freight

• 03:47 - Contract vs. Spot Rates: What to Expect

• 05:06 - Hurricane Season 2024: Potential Impacts on Freight

• 05:55 - Where to Watch and Subscribe