With demand expectations faltering, carriers have either jettisoned or substantially lowered the increases they were planning to implement beginning May 1, forwarder sources tell the Journal of Commerce.
The Big Three oil field service companies, key drivers of breakbulk steel industrial project cargo, are bearish in their forecasts for the year as global economic uncertainty eats into profits and project pipelines.
National drayage providers experiencing a sharp decline in orders as US tariffs come into effect now warn that a second-half rebound could be just as disruptive.
