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The national flatbed outbound tender rejection index hit two all-time highs in the week ending March 5, 2022, while reefer and van rejection rates fell. Flatbed capacity has tightened for four months, with demand tied to oil drilling and construction.
Russia's invasion of Ukraine pushed West Texas crude above $100 a barrel.
Tight flatbed capacity raises domestic trucking costs for inbound inputs and outbound feed products. The story is primarily about trucking demand rather than a direct move in any feed commodity.
freightwaves.comZach Strickland, FW Market Expert &, Market AnalystMar 6, 2022Not 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.
