Expectations around future freight flows continue to grow with each passing week, and new records are being posted with no sign of a falloff on the horizon.
FreightWaves data shows inbound bookings have been at an elevated level for nearly a year now, stepping even higher in recent weeks. Ocean bookings to the U.S., measured as a 10-day-moving average of volume being tendered with ocean carriers and freight forwarders, shows that inbound traffic is coming in at a record pace. The data is forward-looking and provides insight into volumes before they depart a port of origin. Unfortunately, both truck drivers and equipment remain in short supply.