Spot rates gain momentum heading into June
Spot rates gain momentum heading into June

Truckload markets have been on the rebound for the past three weeks, but the pace of recovery sped up last week. The combination of the shorter work week and the end of the month made truck capacity harder to find, which meant freight brokers and shippers paid more for truckload shipments.

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VIDEO: Spot rates rebound to 2019 levels
VIDEO: Spot rates rebound to 2019 levels

As we wrap up the month of May and roll into June, it becomes much more evident that the freight markets are soundly in recovery mode. Most of our key indicators are tracking towards 2019 levels and testing where they sat before COVID-19 hit the U.S.

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