As the equity indexes declined on Tuesday, two freight indexes contained in SONAR were up sharply after incorporating data from the past week: the national dry van and reefer spot indexes. That prompts the question: What happened to the freight market in the past week? In today’s The Stockout newsletter, I discuss how that data should be interpreted in the context of International Roadcheck Week.
Truckload spot rates surged in the past week. In data that was just updated in SONAR for the past...
https://s29755.pcdn.co/news/latest-dry-van-reefer-spot-rate-surge-may-be-short-lived