Truckload and LTL Pricing Continues to Rise

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.

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