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10 August 2026

Freight Volumes Down: What the July Jobs Report Means

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Source reporting: FreightWaves

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Freight Volumes Down: What the July Jobs Report Means

Summary View Transcript The July jobs report delivered a surprise: a decline of 23,000 non-farm payrolls, directly impacting the freight market. While unemployment dipped, it was largely due to people leaving the workforce, not finding new jobs. We break down how this, alongside declining Sonar Truckload Rejection and Volume Indexes, signals soft demand. However, contract rates are still rising, and manufacturing is accelerating. Dive into the complex interplay of these economic indicators and what they mean for capacity, pricing power, and the future of freight.

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