Redwood Rundown: Market Shifts, Capacity Trends, and End-of-Quarter Dynamics
In this week’s Redwood Rundown, Christopher Thornycroft breaks down the latest freight market insights as we close out Q3. From the expected end-of-quarter shipping push in Southern California to the tightening labor picture across trucking, capacity dynamics are shifting even in a flat-volume environment.
Key highlights include:
- A 25% week-over-week increase in imports through Southern California, creating local capacity challenges.
- Apple season pulling capacity in the Northeast.
- Employment data from QCEW showing the lowest level of truckload drivers and warehouse workers since 2018.
- Signs of fragility in the market, with capacity coming out even as demand remains muted.
What does this mean for Q4? Holiday surges and shifting freight from intermodal to truckload could create imbalances despite the current volume environment.
Watch the full video below for Redwood’s perspective on what to expect next.
