Freight Futures data to watch: Weekly spot contract settlement changes
The Trucking Freight Futures markets continue to reflect strength in the underlying freight market, particularly in the Los Angeles and Atlanta markets, with the spot National contract (FUT.VNU202007) rising $0.048, or 3.2%, to $1.534 per mile. The East regional contract (FUT.VEU202007) posted a solid $0.072 gain to finish the week higher by 4.9%, to $1.538, and the West regional contract (FUT.VWU202007) rose $0.031, or 1.9%, to $1.653.The South regional contract (FUT.VSU202007) rose $0.04, or 2.9% week-over-week, to $1.410.
On the individual lanes, the ATL to PHL contract (FUT.VAP202007) was up a whopping $0.145, or 8.2%, to $1.905; the CHI to ATL contract (FUT.VCA202007) jumped $0.05 (3.2%) to $1.701; and the PHL to CHI contract (FUT.VPC202007) climbed $0.02 (2%) to settle the week at $1.009. In the West, both contracts posted modest gains, with the LAX to SEA contract (FUT.VLS202007) rising $0.054 (2.2%), to $2.486, and the SEA to LAX contract (FUT.VSL202007) gaining $0.009 (1.1%), to $0.801. In the South, the LAX to DAL (FUT.VLD202007) contract jumped another $0.086, or 4.8% for the week, to $1.868, and the DAL to LAX contract (FUT.VDL202007) slipped fractionally by 0.7%, to $0.951.