Truck spot rates soar during peak season
The truckload dry goods market is witnessing a strong response from the peak season, with the National Truckload Index (NTI) reaching levels not seen in nearly two years. According to Yahoo Finance, spot rates have surged from $2.38 to $2.52 per mile, a significant increase since January 23, 2023. Also Read: Improving carrier sentiment points to potential rate increases in truck spot market The latest data from SONAR showed that the outbound tender rejection rate increased by 63 basis points weekly, climbing from 5.24% on December 5 to a peak of 5.87% since July 8. It increased 7.32% year-on-year to 7,926.19 points, compared with 8,551.79 points last year. These dynamics suggest that improvements are driven more by capacity factors than overall volume increases. Further analysis by SONAR Carrier Details shows a decrease in the number of freight agencies, with 344,541 active freight agencies now representing a 4% decrease compared to 358,985 a year ago. The shrinking trucking sector presents potential…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
