• ITVI.USA
    15,466.420
    -70.120
    -0.5%
  • OTLT.USA
    2.742
    -0.012
    -0.4%
  • OTRI.USA
    20.530
    0.040
    0.2%
  • OTVI.USA
    15,439.080
    -68.090
    -0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,466.420
    -70.120
    -0.5%
  • OTLT.USA
    2.742
    -0.012
    -0.4%
  • OTRI.USA
    20.530
    0.040
    0.2%
  • OTVI.USA
    15,439.080
    -68.090
    -0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
Freight Futures NewsNews

Freight Futures daily curve: 3/5

Freight Futures lane to watch today: Atlanta, GA to Philadelphia, PA (VAP)

Wednesday was the second consecutive day of relative calm in the Trucking Freight Futures markets as they finished mixed to fractionally lower. The spot National contract (FUT.VNU202003) settled lower by a fraction to $1.383/mile as did the East regional contract (FUT.VEU202003), which ended Wednesday’s session at $1.527. Also fractionally lower was the South regional contract (FUT.VSU202003), which closed at $1.205. The West regional contract (FUT.VWU202003) ended the session unchanged at $1.417.

In looking at the lanes, the ATL to PHL contract (FUT.VAP202003, FUTC1.VAP) in the East has continued to buck the downward trend and rose again by 0.22% to $1.805. The forward curve for the lane (FWD.VAP) points to a target rate of $2.48/mile in June 2020, $0.68 (37.4%) above today’s close. Comparing today’s market expectation to the June 2019 peak, the expected rate would be approximately 10% lower for the lane at the 2020 peak. The CHI to ATL contract (FUT.VCA202003) slipped 0.11% to finish at $1.768 while the PHL to CHI contract (FUT.VPC202003) dropped 0.2% to settle at $1.010. It was a mixed bag in the West, with the SEA to LAX contract (FUT.VSL202003) rising by 0.22% to $0.892, while the LAX to SEA contract (FUT.VLS202003) skidded a fraction to $1.943. In the South, the DAL to LAX contract (FUT.VLD202003) crept lower by 0.2% to settle at $1.353 and the DAL to LAX contract (FUT.VDL202003) held firm at $1.056.

FreightWaves SONAR: Chart

SONAR Tickers: FUTC1.VAP, FWD.VAP

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