Improving freight demand may presage improved prospects for transport companies, if they can persuade retailers and manufacturers to pay more for shipping.
Freight and logistics firms should be showing their prospects for the rest of the year, as they will begin to report earnings next week. UNtil now, there has been a two-year slump in freight rates.
One of the largest U.S. freight carriers is expected to announce its second-quarter earnings soon.
Increased spot freight rates have increased, due to bumper produce harvests and increased shipping demand.