In June, inflation was mild at both the consumer and producer levels, with consumer prices declining month-over-month for the first time since May 2020. This was mainly due to falling gasoline and diesel prices. Truck insurance premiums also decreased after more than a year of gains. Additionally, new applications for transportation and warehousing businesses saw their largest increase since August 2022, alongside recent gains in new trucking authorities. This suggests the truck freight market has bottomed out.