Market Update: February 28, 2018

Posted by Nate Schwandt on 2/28/18 1:41 PM
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Truckload capacity in February is less restricted than January but still much tighter than a year ago.  Capacity on the west coast and in the upper mid-west is relatively loose compared with the rest of the country according to spot board postings.  We are expecting a shift to tighter markets as home improvement season begins and as the ELD enforcement is implemented.

Spot Market Trends

Market Update_Trendlines2_27

Mode Distribution

The latest data from 2015 shows that trucking is the dominant mode with a total share of 82% when combining LTL, Truckload, and Parcel. However, as a result of the e-commerce boom over the past several years, we believe parcel's share has likely doubled. 

Mode Distribution

 

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