Spot and contract truckload rates climbed to their highest levels since 2022 in March. Analysts break down what’s driving the surge.
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Spot and contract truckload rates climbed to their highest levels since 2022 in March. Analysts break down what’s driving the surge.
The post
Parcel shippers should brace for an extended period of high fuel surcharges on top of their normal shipping rates even after an end to the Middle East conflict calms oil markets, a new report says.
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Several leading indexes and data sources show trucking rates rising across modes, including truckload and LTL, driven by fuel costs and tighter capacity.
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Skyrocketing fuel prices are putting pressure on trucking and parcel delivery firms, but the industries are benefiting by wielding more pricing power.
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