From a shipper perspective, the softening of the US freight markets comes as a welcome relief. Contract rates, which have remained stubbornly high, have slowly begun to fall. There is still a significant delta between contract and spot rates, however market forces will put downward pressure on contract rates to close this gap over the next few months.
📭 Subscribe to the JBF Monthly Bulletin for Industry Updates OCEAN CONTAINER RATES (Asia to US) As we watch the global ocean container situation unfold, there are a few interesting backstories to keep an eye on: 1. End to End Solutions… Read More
📭 Subscribe to the JBF Monthly Bulletin for Industry Updates DAT DRY VAN Contract Van Rates and Spot Van Rate Trends DAT Freight & Analytics reports the national average spot and contract dry van rates in September converged at $2.83 / mile. When… Read More
📭 Subscribe to the JBF Monthly Bulletin for Industry Updates DAT DRY VAN Contract Van Rates and Spot Van Rate Trends According to DAT, the average TL Dry Van contract rates rose to $2.72 / mile in June, while the spot rates… Read More
📭 Subscribe to the JBF Monthly Bulletin for Industry Updates DAT DRY VAN Contract Van Rates and Spot Van Rate Trends Source: DAT Dry van spot (excluding broker mark-up) and contract rates continue to hover around $2.70 / mile while reefer spot… Read More
OCEAN CONTAINER RATES (Asia to US) Spot Rates – FEU Container Rates: Asia to US East & West Coast Source: Freightos Ocean spot rates continue to set records. Asia to west coast trade lane spot rates averaged $5575, while the… Read More
May 3, 2021 Update ▼CLICK ON THE INTERACTIVE CHART TO VIEW DATA▼ DAT DRY VAN The latest numbers from DAT continue to paint a challenging picture for shippers. Spot rates (excluding broker markups) averaged $2.60 / mile for dry van,… Read More
March 21, 2021 Update If a pandemic isn’t enough, let’s throw in a polar vortex that disrupts transportation across 2/3 of the country! Contract Van Rates and Spot Van Rates CLICK ON THE INTERACTIVE CHART Shippers were hopeful that the… Read More
February 18, 2021 Update Average spot and contract rates converged in January at $2.36 / mile as the spot market cooled slightly in January. The spot market has leveled off in February, but those prices are the same level as… Read More
Guest commentary by Mike Mulqueen, JBF Consulting – as provided for the January 2021 Freight Market Index report
