Chart of the Week: National Truckload Index (less estimated fuel cost above $1.20/gal), Van Contract Base Rate per Mile Initial Report – USA SONAR: NTIL12.USA, VCRPM1.USA
The average long-term (contract) rate for dry van truckloads (yellow) has dropped about 3%-5% since July 2023, according to FreightWaves invoice data. The more short-term focused-spot rate (white) is moving in the opposite direction, increasing around 5%-6% y/y. The spot market is still offering strong discounts to contract...
https://www.freightwaves.com/news/truckload-contracts-still-falling-despite-increasing-spot-pressure