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EC Grow reports that trucking lane rates have surged after falling to record lows at the onset of COVID, with trucks becoming harder to find and rates more volatile. The company is urging customers to move up delivery dates ahead of expected spring demand.
Driver shortages, strong goods demand and the housing boom are cited as possible causes.
Tighter trucking capacity and higher freight costs raise the delivered cost of feed and fertilizer, especially in spring when demand peaks. The impact is mainly on logistics costs rather than on commodity prices directly.
ecgrowproturf.comproadminJan 21, 2021After 64 past logistics events, UREA moved a median -0.3% over 5 sessions (48% higher; middle half -1.0% to +2.3%), and -0.3% 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.
