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Recon Market Update - February 5, 2021

Posted by Hank Newman on Feb 5, 2021 9:12:34 AM

Signs continue to be encouraging for some relief (hopefully not temporary) from the record high rates and record low LTL performance of late.  The path ahead still is murky, but should be much more calm vs. the recent 6-7 months.

Freight Industry Update
Expect any TL contract rates to start rising and maintain their traditional level above the spot market.  LTL carriers (who don't adjust as quickly as the TL spot market) may be looking for increases above traditional averages as they play catch-up.
 
Here's an interesting note from DAT Freight & Analytics:
 
DAT Image 1

Dat Capacity v Spot 2.1.21

DAT Capacity v LTL Performance 2.1.21

 

Tags: Freight Class, Accessorials, LTL, Freight Rates, LTL Carrier Cost, Rules Tariff, Logistics, LTL Service, Limited Access, Freight Technology, TMS, Freight Insurance, Freight Claims, Freight News, Freight Update

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