RXO Forecasts Continued Surge in Truckload Spot Market for Q2
Freight broker RXO reported a four-year high in its truckload spot rate index during Q1, with expectations of further growth in the second quarter. Despite weak freight demand, stricter regulatory oversight is reducing driver capacity and pushing rates higher.
Tickers: $RXO
Topics: capacity attrition regulatory oversight seasonality truckload spot rates