04/26/2024
Let’s talk about market conditions.
Yes, the market is down a bit from last month. But that is 100% to be expected. We are in the first month of the second quarter.
Day
Week
Month
Quarter
Year
In the spot market, we always see a drop when new cycle begins.
The second quarter will outperform the first, the third will outperform the second.
Just like when July hits, there will be tons of crying about how the market crashed again.
But really let’s look at it.
The March supply & demand beat out February by 8.7%.
March saw a 16% improvement year over year.
Rates are being slow to recover, but they are on the move.
We are seeing lots of movement in the right direction.