FreightWaves Passport

  Spot freight is coming back and tightening capacity across the country, even as rates out of Los Angeles fade (typical for this time of year). On a national basis, contracted truckload tenders are being rejected at a rate of 6.4%, just below the crucial 7-10% level that ‘flips' the market into...

Capacity ratcheted slightly tighter across a broad swath of the country again this week, but not yet to levels (7-10%) that would trigger widespread inflation in spot market rates. Spot rates for dry vans increased faster than spot rates for refrigerated equipment, which were flattish and may be...

Broad-based volume growth in the majority of freight markets led to slight capacity tightening and hikes in spot rates amongst some of the most challenging lanes. Reefer rates continue to rebound. Overall contracted truckload volumes are still down 3.36% year-over-year against a weak 2019...