Analysts warn: Be Prepared for "Truck winter"

[link to www.msn.com (secure)]

“Our checks indicate freight activity was seasonally weak through late-September, with limited indication of holiday demand to-date,” they said. “Further, with imports decelerating, inventories normalizing and spot (rates) below contract rates, we now see volume and pricing weakness into 2023.”

“We understand the early-cycle nature of trucking names; however, given macro data points, we are inclined to prepare for a ‘trucking winter’ before a potential ‘trucking spring,'” they continued.

-------------------
I guess with so many big box stores cancelling orders, this will further drive said slow down.