Translogistics Blog

Expected drop in Spot Rate Volumes Shows Seasonilaity Return After Holiday Weekend

July 13, 2021

Written By: Mitch Kinek

TLI's Weekly State of Transportation Update

Week of July 12, 2021

 

 

LTL Carriers continue to work through capacity issues. Truckload capacity eased across all modes after the 4th of July weekend showing seasonality back into the market. However, rates are still at unprecedented levels compared to other years.

 

Less-Than-Truckload:

LTL carriers are still working through capacity issues through a terminal, shipment, and day-to-day basis. Weekly updates/directions are given by carriers to help alleviate their terminal which may include: freight embargos, dimension/quantity restrictions, and transit delays. TLI is actively monitoring these situations and will update any affected customer with solutions.

 

In this unprecedented time, guaranteed shipments may be the best option for critical shipments. While LTL carriers may not be able to honor guaranteed time constraints, adding these services brings higher visibility and urgency for your shipments to move as quickly as possible.

 

Truckload:

 

Truckload spot volumes have dropped across all modes following the July 4th holiday; however, rates are still higher year-over-year. According to DAT, 2021 spot rates are still averaging $0.70 per mile higher than last year post-July 4th holiday weekend.

 

TLI is actively monitoring situations in the industry, such as acquisitions, embargos, and other industry disruptions. If a TLI client is directly affected by any of these events, your TLI representatives will reach out to discuss what this means for your account.

 

TLI highly suggests that on all shipments you provide our team with the “Must Arrive by Date” (MABD) as to when you need the product delivered. This will help us select the proper transit time / equipment type at the best current freight rate.

 

Please contact your Translogistics team at 610-280-3210 for any further questions. 

 

*article written by Mitchell Kinek, Inside Sales Executive, Translogistics. Any questions, please do not hesitate to reach out!

 

Translogistics' Industry Chart of the Week

 

Truckload Linehaul Price

 


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Scott Joseph McDevitt II, MBA, CTB