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US truckload spot rates rose 52% year over year to $3.56 per mile, while contract rates climbed 25% to $2.88 per mile, according to FreightWaves SONAR data. The SONAR Intermodal Cost Savings Index showed rail offering a 30.2% cost advantage over truck as of November 8.
Intermodal contract rates rose only 3% to 5% year over year.
Tight truck capacity and a wide road-to-rail savings gap push shippers toward rail, which supports rail volumes for grain and feed movements. Higher trucking costs raise delivered feed prices for buyers far from rail lines.
freightwaves.comFreightWaves StaffNov 11, 2026After 153 past logistics events, ULSD / Diesel moved a median +0.4% over 5 sessions (52% higher; middle half -2.7% to +4.0%), 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.
