Uber Freight warns that tight capacity in the U.S. freight market could lead to a surge in shipping rates in Q4.
Uber Freight noted in its Q3 Market Update & Outlook report released on Thursday that the U.S. freight market is entering the fourth quarter with a slow recovery in trucking capacity and trucking rates significantly higher than the same period last year. The report stated that shippers could face the risk of another surge in spot prices if demand accelerates. The report also mentioned that volatile diesel prices and rapidly changing U.S. trade policies are major factors impacting the market.
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