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A DAT blog post says freight demand has exceeded supply since May, pushing spot truckload rates to record highs and above contract levels since August. It notes the economy is improving slowly and that a new lockdown could disrupt activity and the outlook for 2021 freight costs.
Strong truckload demand and elevated spot rates raise domestic feed delivery costs for buyers, and the recession risk adds uncertainty to future freight pricing.
dat.comMark MontagueNov 18, 2020After 11 past neutral macro events, DIESEL moved a median +1.8% over 5 sessions (64% higher; middle half -0.6% to +4.1%), and +3.9% over 20.
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.
