Prepare for increased truck freight rates later in 2016 even though they decreased nationwide the first half of the year.
Freight spending in North America has declined compared to 2015 even though the amount of truck freight shipments has increased. So far in 2016, truck freight rates have decreased nationwide since last year. Continuous decline of both the US and global economies in the first half of 2016 has caused consumer spending to drastically slow down and thus decrease the demand for new orders of goods to be produced and shipped. Combined with subpar exporting rates, the demand for freight carriers has fallen from 2015 levels.