Aug 2023: Issue 003

Welcome to Freight Expectations – Transfix’s monthly newsletter! Each edition keeps our customers up to speed in the world of freight, featuring insights from our team, updates on our products and partners, and key takeaways from our decade worth of data. No matter the market, Freight Expectations will deliver curated intelligence to your inboxes to help you build a more efficient and thriving business.?

Under the Hood: Insights for Your Business

Meet Conner Parke , Account Manager of Shipper Growth!

A (Very) Unusual?Trucking Recession: Is Your Supply Chain Prepared for the Long Haul??

Rates may continue to be flat over the next quarter?as supply remains strong, however, we’re predicting rates to bottom out in August of this year.?

In June, Class 8 trucks decreased to ~175,600 units (down 13,600 MoM). This is?the first sign of any supply reduction. We likely won't see a balance between supply and demand until late 2023 or early 2024.

Bank of America's Truckload Demand index predicts?a slowdown in the next 3 months, indicating a continued contraction.

In Case You Missed It

Our Senior Director of Freight Market Intelligence, Paul P. , recently joined the Journal of Commerce for a webcast, "Preparing for the Unpredictable: Macro & Micro Insights to Keep Shippers Ahead of the Market.”?

If you?weren’t?able to attend, you can watch the webcast here:

If you’d like to schedule a 6-month market outlook tailored to your business and address any specific questions you may have about the second half of the year, email [email protected].?

ESG 4-1-1

Sustainability-Minded Shippers,

Are you leveraging SmartWay carriers – carriers who have partnered with the EPA to track and measure their fuel use and freight emissions??

If not, you’re missing out on a huge opportunity to measure your Scope 3 emissions – which is becoming mandatory for more and more shippers.?

In three years alone, our shippers have tracked over eight million miles with SmartWay carriers. You can read more about this partnership in our 2022 ESG Report here. To learn more about how Transfix can help you meet your ESG goals, reach out to [email protected].?

Down the Road in Q4

Will you be at CSCMP Edge this October?

Our team will be, and Carly Gunby , our VP of Shipper Success and Sales, will join Supplier.io ’s Gladys Dreiling on stage to discuss the benefits of a diverse carrier network. Reach out to [email protected] if you’ll be in Orlando!?

?If you’re curious about the topic in advance, check out our podcast episode with Gladys Dreiling or read our recent article about how carrier diversity helps mitigate market volatility.?

At Transfix, we imagine a world where goods move seamlessly, sustainably, and with the most transparency and trust. Let us know what you liked, and be sure to share these insights with your network. We’ll chat with you soon, but until then, stay informed with our weekly podcast Transfix Take.?

All views and opinions expressed in this Newsletter are those of the authors and do not necessarily reflect the views or positions of Transfix, Inc. or any parent companies or affiliates or the companies with which the participants are affiliated and may have been previously disseminated by them. The views and opinions expressed in this newsletter are based upon information considered reliable at the time, but neither Transfix, Inc. nor its affiliates, nor the companies with which the participants are affiliated warrant its completeness or accuracy and it should not be relied upon as such. All views and opinions are subject to change.