While spot market rates have increased in June due to a seasonality factor, the overall trend continues to be downward as supply and demand conditions continue to change including a forecasted decrease in load volume at a time when available trucking capacity is increasing. This is proven out by the trucking freight futures forward curve for each of the national and regional futures contracts. Our weekly update last week showed a progression leading to an inversion of the forward curve. Since 6/03/19, the futures contract prices have decreased around 6-8% while temporary seasonality increased spot market rates by 6-9%. This decrease in futures rates over the month of June, indicates the market becoming increasingly more negative on trucking rate expectations. The full version of the update can be found via the link below.
Lakefront Futures – Trucking Freight Futures Weekly 6/25
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