Trucking Markets: I've breathed the mountain air, man
Tender rejections hit an all-time high as spot rates grind higher.
Tender rejections hit an all-time high as spot rates grind higher.
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 ...
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.
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.
Rates pulled back by 1.3% w/w, but moves by brokerages and carriers indicate they think the rally has legs.