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The national average spot van rate hit a record $2.46 per mile during the week ending October 4, 2020. September averages were $2.38 per mile for van, $2.41 for flatbed and $2.57 for reefer, with van up 28.9% year over year.
Record spot truckload rates indicate high domestic freight costs that feed buyers must absorb in delivered feed prices.
Not 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.