Freight Futures data to watch: Weekly spot contract settlement changes
Overall strength in the freight economy continued to drive the Trucking Freight Futures markets higher across the board last week, as the spot National contract (FUT.VNU202007) set another all-time weekly record by climbing $0.075, or 4.5%, to $1.727 per mile. The East regional contract (FUT.VEU202007) jumped $0.092, to $1.798, to finish the week higher by 5.4%, and the West regional contract (FUT.VWU202007) rose $0.055, or 3.2%, to $1.791. The South regional contract (FUT.VSU202007) powered higher by $0.078 (5.2%) for the week to $1.591.
On the individual lanes, the ATL to PHL contract (FUT.VAP202007) shot up another $0.14, or 6.4%, to $2.334; the CHI to ATL contract (FUT.VCA202007) rose $0.09 (4.9%), to $1.946; and the PHL to CHI contract (FUT.VPC202007) climbed $0.045 (4.2%) to settle the week at $1.114. In the West, the LAX to SEA contract (FUT.VLS202007) gained $0.094 (3.6%), to $2.726, and the SEA to LAX contract (FUT.VSL202007) finished up $0.015 (1.8%), to $0.855. In the South, the LAX to DAL (FUT.VLD202007) contract rocketed up $0.153, or 7.5% for the week, to $2.195, and the DAL to LAX contract (FUT.VDL202007) strengthened fractionally to $0.988.