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Heavily contracted carriers having a better year than 2021 — so far

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Jun 05, 2022 at 07:28 AM CST
Carriers that move mostly contracted freight (not the spot market) may be having a better year this year than through the first five months of 2021. According to FreightWaves’ proprietary contract rate per mile index, long-term rates for standard van freight have increased roughly 18% since this time last year, while accepted load volumes for van freight (CLAVV) are actually 1% higher. Does this mean we should cancel the alarm on the freight recession?

Jun 05, 2022 at 07:28 AM CST

Carriers that move mostly contracted freight (not the spot market) may be having a better year this year than through the first five months of 2021. According to FreightWaves’ proprietary contract rate per mile index, long-term rates for standard van freight have increased roughly 18% since this time last year, while accepted load volumes for van freight (CLAVV) are actually 1% higher. Does this mean we should cancel the alarm on the freight recession?