Market Update: May 3, 2018

Posted by Nate Schwandt on 5/3/18 6:45 AM
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Rates remain steady as April comes to a close, however overall volume is beginning to grow as we see seasonal spikes from produce and construction.

Spot Market Trends

 

Market Update_Trendlines_5_2_18 

Diesel Fuel Price Trends

Shippers are seeing a hit to their bottom line as their transportation spend increases, partly due to the rising cost of employees. The graph below shows the change in compensation for private transportation and moving material workers. This quarter, costs are up 3.7% from a year earlier. Source: Labor Department

labor costs 

 

 

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