Freight Futures data to watch today: Spot Trucking Freight Futures Settles
It was a very quiet trading session in the Trucking Freight Futures market coming out of the Veterans Day holiday. The spot National contract (FUT.VNU201911) finished the day unchanged at $1.482/mile. Also settling unchanged was the South regional contract (FUT.VSU201911), which ended at $1.350. The East regional contract (FUT.VEU201911) closed fractionally higher to $1.469 and the West regional contract (FUT.VWU201911) dipped slightly to $1.628.
Two of the three Eastern lanes saw trading interest on Tuesday. The CHI to ATL contract (FUT.VCA201911) moved fractionally higher to $1.903 as did its sister, the ATL to PHI contract (FUT.VAP201911), which closed at $1.579. The SEA to LAX contract (FUT.VSL201911) in the West dropped 0.3% on the day and finished at $1.141. The remainder of the lanes ended Tuesday unchanged. Open interest remains at 31,000 miles across the 11 markets.