U.S. Trucking Prices Continue to Rise
The current forecast below shows the outlook for total truck tonnage across all sectors of trucking. The growth rate shows the potential for a very strong rebound in volume through mid-2027.
Some of this, of course, will depend on whether interest rates come down, and that’s tied to the situation in the Middle East.
Spot trucking data shows a 64% increase in the number of loads looking for available trucks vs. this time last year. That resulted in dry van rates being 29.4% higher Y/Y, along with a 28% fuel surcharge on top of it.
If we see capacity remain at these levels and freight volumes increase as the model might suggest, that could be a prescription for significant rate escalation.
Fed Rate Hike Odds Increasing
Bloomberg reported that the odds of a rate hike at the next Fed meeting (July 29th) are now at 36%.
Data shows that 88% of the 66 S&P 500 firms that have reported earnings exceeded expectations, and that number may be going up based on some of the latest reports. Something in the data isn’t working correctly. Either the PPI data is overstated, CPI data is understated, or companies are finding a way to really improve productivity to maintain profit. Maybe it’s all of the above.
Read more on how financial developments and other global items are affecting your supply chain.
