Summary
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Shipment volumes slid to an index reading of 1.017 in early August, down 9.3% year on year and 1.5% from July, while freight spend eased 0.4% annually to 3.135. Carriers face soft demand alongside sticky costs, and analysts see truckload, LTL and intermodal rates stabilising only later in 2026 as the tariff-driven import pull-forward fades.