Freight Futures data to watch: Weekly spot contract settlement changes
The Trucking Freight Futures markets continued to march higher, reflecting strength in the underlying freight market — particularly in the Los Angeles and Atlanta markets. The spot National contract (FUT.VNU202007) rose $0.023, or 1.5%, to $1.557 per mile, setting an all-time high for the spot National contract. The East regional contract (FUT.VEU202007) posted a solid $0.029 gain to finish the week higher by 1.9%, to $1.567, and the West regional contract (FUT.VWU202007) rose $0.014, or 0.9%, to $1.667.The South regional contract (FUT.VSU202007) rose $0.026, or 1.8% week-over-week, to $1.436.
On the individual lanes, the ATL to PHL contract (FUT.VAP202007) jumped $0.065, or 3.4%, to $1.970; the CHI to ATL contract (FUT.VCA202007) rose $0.02 (1.2%) to $1.721; and the PHL to CHI contract (FUT.VPC202007) climbed 0.03% to settle the week at $1.012. In the West, the LAX to SEA contract (FUT.VLS202007) gained $0.026 (1.1%), to $2.512, and the SEA to LAX contract (FUT.VSL202007) finished unchanged at $0.821. In the South, the LAX to DAL (FUT.VLD202007) contract jumped another $0.038, or 2% for the week, to $1.906, and the DAL to LAX contract (FUT.VDL202007) strengthened by $0.015, or 1.6%, to $0.966.