Mar 18, 2020 at 08:11 AM CST
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The unprecedented surge in truckload volumes to restock retail stores with groceries, soap and hand sanitizer, bottled water and electronics is tightening trucking capacity and pushing spot rates up. On a national basis, contracted truckload volumes are now up 16.5% year-over-year (OTVIY.USA). Meanwhile, the rate at which these loads are being rejected by carriers and brokers has reached 9.76% (OTRI.USA), well above any level reached last year except during the Christmas holiday. In Allentown, Pennsylvania, carriers and brokers are rejecting 15.5% of loads; in Quincy, Illinois, they’re rejecting 32%. The tightest regions in the country are the extreme Northeast, including Maine, and the Mountain West, including Denver and Grand Junction. |