# Truckload Update - July 24, 2020

> National average truckload spot rates rose in July, with van up 21 cents to $2.02 per mile and reefer up 14 cents to $2.29. Spot rates have climbed faster than contract rates since May as COVID-19 disrupts freight networks. Retail warehouse inventories are rising relative to sales.

- Date: 2020-07-24 · published 2020-07-24T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/10472-truckload-update-july-24-2020
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Higher trucking costs raise the delivered cost of feed ingredients inland, though the effect on feed futures is modest. Rising inventories point to softer future truckload volumes.

## Sources

- blog.mihlfeld.com: https://blog.mihlfeld.com/truckload-update-july-24-2020

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.