The expectation for truckload (TL) contractual rates to increase by double digits in 2021 is growing. In a Wednesday note to clients, UBS (NYSE: UBS) transportation equities analyst Tom Wadewitz outlined the fundamentals supporting this projection.
“The current extreme tightness in the TL spot market plus a constructive outlook on freight point to double-digit rate increases in 2021,” he concluded.
Wadewitz said recent spot market metrics “show a market that remains on a trend of further...
https://www.freightwaves.com/news/consensus-for-double-digit-truckload-rate-increases-forming