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Carriers are holding capacity until the end of each day and auctioning it to the highest bidder. National spot truckload rates are approaching $3 per mile, and 51 of 100 Truckstop.com lane pairings are already above that level.
Accepted tender volumes are rising year over year while tender rejections remain at historically high levels.
Tight truckload capacity raises domestic freight costs for feed deliveries and inbound ingredient hauling. Trucking rates have no direct effect on feed commodity prices.
freightwaves.comFreightWaves StaffSep 18, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
