In contrast to the stock market, which has been movingdownward, we see robust freight movements at the beginning of June resulting inupward price pressure. The latest week of measurements show 34 van lanesincreasing in price versus 24 lanes with declines. In the 64 lanes measured,linehaul rates advanced 1.0% over the previous week.
The leading market, Stockton, California follows LosAngeles which had led the previous week. We see signs that California and theWest Coast are coming out of a traffic slump although capacity remains good.
Stockton had two strong lanes, to Denver gained $0.27(16%) and to Salt Lake City rose $0.15 (8%). Also on the left coast, Seattle toLos Angeles added $0.05 (9.5%) to the rate on this backhaul lane.
Elsewhere, Atlanta to Columbus moved up $0.20 (16%) andto Charlotte was higher by $0.21 (11%). Columbus market has been slipping for several weeks. Philadelphia, representing East coastbackhaul markets also had higher pricing. The key Philadelphia to Chicago backhaul lane rose $0.05, a 9.5% gain.