But participants on a Hapag-Lloyd webinar indicated the timing and severity of the market correction remain contested, with the outlook heavily dependent on geopolitics.
The drop in transit cargo was a deliberate operational trade-off made to free up space for inland freight, which has allowed hinterland volume to grow sharply this year.
For-hire motor carriers added jobs year over year in September for the first time in 41 months as higher pay and an uptick in demand drew more employees.
