Freight Shipments Stabilize, Rates Surge

Freight shipments stabilized in April, with volumes dropping 4.4% year over year but climbing 0.4% from March, marking the third straight monthly gain. The expenditures index rose 3.5% year over year and 2.6% from March, driven by higher diesel prices and core rates. The truckload linehaul index surged 5.6% year over year and 3.2% sequentially. Shipper demand beat expectations in the first quarter, with truckload rates expected to climb significantly over the next two years. Tightness in dry van truckload is spreading to reefer and flatbed, potentially impacting LTL and intermodal. New FMCSA rules are contributing to capacity tightness and rate increases, while demand faces headwinds from pricier fuel and higher interest rates. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e23e6e88e9cc5e27