Market Update: January 30, 2018

Posted by Nate Schwandt on 1/30/18 12:33 PM
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Although we are seeing capacity loosen some as we near February (+8.3% week over week), overall truckload capacity tightness has extended into late January.  Two unusual circumstances this month:

1. The ELD mandate became required in mid-December, and many drivers were either unprepared or uncooperative. 

2. The gift card effect has become more prevalent for retailers – extending holiday shopping into the new year. 

We expect rates to press higher as bid season progresses and contract rates are renegotiated.

Spot Market Trends

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Historic Per Mile Spot Market Rates

 

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Topics: market update

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