Truckload Volumes Drop 15% — But Spot Rates Stay Hot
Truckload volumes dropped 15% after Labor Day, but spot rates are still elevated and tender rejections haven’t cracked. That’s the freight market story right now. In this SONAR update, we break down the post-holiday volume pullback, why reefer is still tighter than van, what rising diesel means for rates, and why intermodal contract pricing is […] The post Truckload Volumes Drop 15% — But Spot…
Truckload volumes fell nearly 15% after Labor Day, according to FreightWaves' Sonar Truckload Volume Index, but spot rates remain high. The National Truckload Index spot rate is $3.44 per mile, up 47% year over year. Reefer tender rejections continue to be high, above 20%, compared to van rejections at 12.35%. Diesel prices have risen to $5.60 per gallon, up nearly 10% week over week, adding pressure across modes. Intermodal contract rates have jumped 3.5% to $1.80 per mile, reflecting mode conversion from over-the-road.
Written by urgent.news from FreightWaves's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
