May 2025 State of Freight

The freight market has experienced significant volatility in recent months, driven primarily by trade tensions and policy shifts. Following the imposition of a 145% tariff by the Trump administration, freight movement from China to the United States saw a dramatic decline. However, a 90-day truce agreed upon by China and the United States in May has offered a temporary reprieve, sparking conversations about market recovery and potential surges in freight volumes.

This white paper explores the latest insights shared during the May edition of the State of Freight webinar, hosted by FreightWaves and SONAR. Craig Fuller, CEO of FreightWaves and SONAR, and Zach Strickland, SONAR’s director of freight market intelligence, provided expert analysis on the current state of the freight industry and its projected path forward.

Download the full white paper by clicking here.

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What's the SONAR ROI?

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

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