The freight market underwent a significant change during the second quarter. The spot market softened significantly, fuel prices soared, inventory ...
Spot rates hit $3.07/mile, but tender rejections are falling across the board.
National average dry van truckload spot rates hit $3/mile last week.
Rates and rejections holding at very high levels before Thanksgiving and Black Friday.
Truckstop dry van truckload spot rates from LA to Dallas spiked 11.5% week-over-week.
Tender rejections increased in LA, Dallas, and Chicago—and so did the national average spot rate.
Gross margins narrowed across the board, but 3PLs moved more volume with fewer people.
Shippers are raising contracted rates and intermodal volumes are growing, taking some pressure off spot markets. But we expect markets ...
Markets have been flat to soft for two weeks, but expect a turn-up heading into November.
Carriers are still exercising optionality and charging a premium to drive into backhaul markets.
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