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Q1 truckload contract rates have bounced off the bottom. Truckload contract rates* trended upwards to -5.3%, up from -7.3% Y/Y in Q4 2023. Typically contract rates will lag spot rate activity by two to three quarters, but the turn happened faster in this cycle, lagging by only one quarter.
14 lis 2023 · Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 2.1% -11.4% -4.2% -13.2% -3.5% 3.1% 4.9%-7.1% -51.4% -33.6% -25.8% -16.7% -20.6% 21.9% 3.8% -8.9% -5.3% -15.9% -8.7% 7.1% 15.7% 2.7% -13.7% -6.8% -5.1% -5% -10.1% 1.3% National Truckload Index* NTI.USA Source: ACT Research, FreightWaves FIGURE 5: AVERAGE USED TRUCK PRICES FROM PAST 7 QUARTERS
Truckload contract rates* trended upwards to -11.1% Y/Y, up from -13.9% in Q2 2023. Typically contract rates will lag spot rate activity by two or three quarters, but the turn happened faster in this cycle, only lagging by one quarter.
Truckload contract rates * dropped to -13.9% Y/Y in Q2, down significantly from -7.1% in Q1 2023. This is typical for this phase of the cycle (contract behavior typically lags spot by 2-3 quarters).
1 gru 2022 · Trucking volume may increase 0.9% in 2023 and 2.5% in 2022, according to FTR’s forecast, after climbing 5.4% last year. Next year’s growth expectation is well below the 10-year annual average ...
3 maj 2023 · Q1 2023 is the second consecutive quarter we have seen a fall in the spot rate index. The Q1 2023 European Road Freight Contract Rate Benchmark Index stood at 127.2, 2.8 points lower than in Q4 2022 but still 10.7 points higher than in Q1 2022. Fuel prices were 9% lower in Q1 2023 than in Q4 2022.
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