
DAT reported the national average dry van spot rate reached $3.05 per mile in October, the highest monthly average since February 2022, with contract rates matching a record. Volumes fell year on year while fuel accounts for about 83 cents of the van rate.
Tighter truck capacity and higher fuel-driven freight costs raise the cost of moving feed and grain inland, supporting regional basis and delivered feed prices.
Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), 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.