Prices have increased 17% but carrier compliance shows only marginal improvement
Contract rates for trucking have been rising since late last year and finally appear to be effecting compliance, but at what cost?
Carriers are rejecting a disproportionate amount of long-haul freight heading east versus west. Does this dramatic imbalance have long-term implications?
This dip is likely to be temporary.
The market takes a breather this week with tenders down 7% week-over-week.
Tender rejections slip but still elevated.
Tender rejections return to all-time high.
Tender rejections and spot rates also fall slightly.
Spot rates steady well above $3.00 per mile.
This week notched a new all-time high in spot rates.
Leverage is firmly in carrier’s favor.
The expected rebound for truckload markets did not disappoint.
Tender rejections see a massive spike.
Spot rates have increased for the first time in five weeks.
Tender rejections rise for the first time in a month.
Trucking markets headed back in the right direction
Normal January seasonality may be upon us.
Tender volumes accelerate, driven by strong, stimulus-fueled consumer spending.
Q1 should be one of the stronger first quarters in recent history from a consumer and freight volume standpoint.
Imports continue to pile up as shippers and carriers take time for the holidays. They may come back to a mess.
