Truckload and LTL Pricing Continues to Rise

coracle News

Data from the US Bureau of Labor Statistics (BLS) show continuing price increases for long-distance truckload and less-than-truckload (LTL), although dry-van rates have decreased. Long-haul truckload prices increased by 5.1% in April while LTL rates increased by 5.2% in the same period. Between February to April, dry-van spot rates fell by 19.4% excluding fuel surcharges (the drop was 10.7% with fuel).

Shippers appear to be making a shift away from the spot market to contracts, to get more stability in their allocation of capacity.

1. US data shows truckload, LTL pricing still rising, Journal of Commerce, May 23, 2022. Accessed May 30, 2022.