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Shipping Prices Fall in Inventory Glut, Upping Broker Deals

November 28, 2022


U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry.

Shipping rates that spiked during disruptions caused by the pandemic have plummeted — some are now calling it a “freight recession” — as inventory gluts across the U.S. lowered demand. That has placed the sector at a disadvantage during annual contract negotiations now in full swing, but means retailers and other customers will benefit from lower transportation costs.

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