So this is what the bottom of the freight market feels like?

Freight pundits have spent plenty of time over the last few months wondering when conditions would improve. In the first quarter, despite that initial glimmer of hope in the beginning, capacity remained too high for demand. That pushed rates further downward and contributing to big-ticket acquisition and bankruptcy news within trucking. It did not help…

Box shipment trends their worst since depths of Great Financial Crisis

FreightWaves wrote at the beginning of April about continued severe weakness in U.S. box demand based on its survey of over 30 boxmakers, and the Q1 results from the third-largest North American containerboard producer, Packaging Corp. of America, confirmed as much. Packaging Corp.’s shipments were down nearly 13%, a decline as severe as during the…