Nationwide spot rates: The good is they're better than the bottom in mid-May. The bad is they haven't done much movement since then. It's progress but market still remains truckload capacity driven. Next 28 days indicate more of the same.
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@ThomasWasson7
Fuel is on a nine week rise. I think we are worse off than in May... please advise
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@dartinguphill
It'll be worse due to higher fuel even though spot linehaul rates are higher than May. DOE/EIA fuel price is the highest since early Feb. Carriers without a fuel surcharge and only getting spot rates will feel the pain.
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@ThomasWasson7
UAW strike likely being the "event" that would move this down I'd think. TL capacity normally moving for OEMs are now out there in spot looking for cash flow? Similar to when they shut down for Covid - we saw that initial dip as that capacity hit the open market - if I'm…
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