Monthly market data suggests the for-hire trucking economy is improving. Freight rates and volumes continued making year-over-year gains in October, following September’s milestone rate improvements.
The spot market for carriers continues to rebalance, but rates—at least for smaller fleets and owner-operators—still aren’t making up for higher current operating costs, according to four ...
The spread between spot ocean freight rates and the long-term contract market is at its highest since September 2021, equal to $2,500. Ocean spot freight rates have tumbled for a sixth-consecutive ...
Far East to U.S. ocean freight rates are up between 36%-41% month over month, while air freight prices have jumped 9% this year. DHL says ocean freight rate inflation might not ease up before Chinese ...
Just as the Federal Reserve and U.S. economy get good news on inflation, with consumer prices and wholesale prices softening, a major global trade inflation indicator is headed in the wrong direction.