Smaller fleets leading the charge in terms of industry growth
Last week we took an in-depth look at capacity and what a mosaic was saying about how the supply side ...
Last week we took an in-depth look at capacity and what a mosaic was saying about how the supply side ...
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.
Shippers are raising contracted rates and intermodal volumes are growing, taking some pressure off spot markets. But we expect markets ...
Carriers are still exercising optionality and charging a premium to drive into backhaul markets.
Expect volatility to the upside in Q4.
Shippers, especially retailers, are giving ground on price to secure capacity for what promises to be an unpredictable Q4.