The country is slowly emerging from the pandemic, with the U.S. averaging 2.5 million vaccine doses a day. That hasn’t yet led to more stable truckload markets, however, and several factors could keep capacity tight for the next few months, according to the latest Signal Report from DAT iQ.
The report is based on benchmarking data collected from more than 200 leading shippers that utilize analytics from DAT iQ to guide their transportation strategies and operations.
One key insight from the report: If the dry van market continues to follow its historical cyclical behavior of a 9 -month lag between spot and contract peaks, then we can expect the active contract rates to peak by the end of Q2 2021 and then start falling. However, the uncertainties of the market might push this out even further.