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DAT reported that August spot truckload rates neared all-time highs, with the national reefer rate at $2.44 per mile and the van rate up 19 cents from July. The van load-to-truck ratio hit 5.3, more than double its August 2019 level.
Shifts in consumer purchasing between foodservice and grocery drove the volatility.
Tight spot trucking capacity increases the cost of moving feed and livestock-related freight. It does not directly change feed commodity prices.
fleetowner.comCommercial Vehicle StaffSep 23, 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.
