Our friend and colleague, Henry Byers at FreightWaves, analyzes where ocean rates should go over the coming months in reaction to the latest tariff news.
We both expect to see a replay of Q4 2018 as shippers will front-load as much product as possible before the next round of 25% tariffs can be applied to virtually all remaining Chinese imports. This window could be as little as 60 days.. Here's Henry's analysis:
Just because ocean container rates decreased on May 15t
Updated trucking rate analysis from our friend Dr. Jason Miller at Michigan State University:
Truckstop.com just put out their spot rates and it does appear that we are finally reaching the bottom of the cycle.
Below is a chart of the dry van rates in nominal form and a deflated set of rates where I incorporated the quarterly GDP deflator to try and remove effects of inflation. I've also included the EIA's monthly diesel prices to rule out that the decline is due to lowe