
Spot truckload rates were up about 41% year over year through October, and contract rates have reset 10% to 12% higher. A Flock Freight executive says shippers were unprepared for the increase and are turning to shared truckload solutions.
Rising diesel prices are cited as a contributing factor.
Sharply higher truckload rates raise the delivered cost of feed ingredients and finished feed, squeezing buyer margins. Freight inflation is likely to persist into the peak season.
After 149 past logistics events, DIESEL moved a median +0.4% over 5 sessions (53% higher; middle half -2.8% to +4.1%), and +0.2% 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.