The early onset of peak season indicates a difficult market ahead for the trucking industry.

In May, spot rates and volumes for reefer and dry van increased slightly as shippers expedited cargo before summer and potential tariffs, with dry van volumes up 3% and reefer volumes up 5%. However, challenges persist, as post-peak season volume declines are anticipated, leading to flat demand for the remainder of the year. The trade war's uncertainty has made shippers hesitant to invest, resulting in an oversupplied freight market that pressures rates and margins. Experts warn that this flat market could jeopardize the survival of some carriers and brokers.