Chart of the Week: Van Contract iniitial reporting of average base rate per mile – USA SONAR: VCRPM1.USA
The average dry van truckload contract rate trend (VCRPM1) has shifted to slight growth (+1.2%) over the past six months. While this seems like a non-event to the uninitiated, it is a rather significant development in the surface transportation market.
Rates are still down 2%-3% from an annual perspective but have grown since Q2, in an environment where they still have every reason to fall.
Th...
https://www.freightwaves.com/news/contract-rates-stabilize-on-shipper-expectations