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The DHL Supply Chain Pricing Power Index rose to 75 for carriers from 65 the prior week. Carriers are rejecting loads at a rate not seen in several years, and the outbound tender volume index climbed 3.85% to 12,909.
Freight volumes are up 27% over 2019 despite a stalling broader economy.
Strong carrier pricing power points to higher freight rates for shippers, including feed and grain movers. The effect on commodity prices is limited.
freightwaves.comFreightWaves StaffJul 24, 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.
