Transport Topics (May 23, 2022)

The spot market has been declining, but with rates and volumes still above historic norms it’s unclear where it will stabilize. Ben Cubitt, senior vice president of consulting at Transplace, says rates per mile have declined since Q4 from $3.50 to about $2.36. Truckstop.com regularly recorded more than a million daily postings on its load board platform throughout last year. That has steadily decreased since the first week of January and load postings were around 900,000 daily during the week of May 8. Dean Croke, principal analyst at DAT Solutions, says rates are still historically high but carrier operating costs have gone up as much as 50 cents a mile over last year. Cubitt expects spot rates to start leveling out midsummer based on historic norms. Learn more about your ad choices. Visit podcastchoices.com/adchoices