The cost of fuel has compounded margin erosion on the trucking spot market
Chart of the Week: National Truckload Index (Linehaul Only), National Trucking Index, Diesel Truck Stop Price per gallon – USA SONAR: NTIL.USA, NTI.USA, DTS.USA
Truckload spot rates for dry van freight (NTI) have plummeted 18% since the start of the year, but if you remove fuel (NTIL), it nearly doubles to 32%.
From an annualized perspective, those numbers moderate to -7% and -22%, respectively, but are still impressive...
https://www.freightwaves.com/news/truckload-spot-rates-tank-fast-thanks-to-fuel-costs