Transportation rates are expected to stay above pre-pandemic levels for the foreseeable future despite the recent slowdown in demand.
Seko Logistics chief growth officer Brian Bourke said that demand had slowed this year compared with 2021 and that the constant peak season experienced over the last two years has been replaced by pre-covid seasonal trends.
However, he said the industry is likely to experience a peak season this year and he pointed out that volumes were still ahead of pre-pandemic levels and supply chain disruption continues.
“Predictability has disappeared post-pandemic and we don’t see it coming back,” said Bourke.
“Are volumes down?” he asked. “Yes they are, it is what we used to call slack season – it’s back, it has returned.”