This Week in Freight
November 16, 2023
In week 45, the linehaul rates remain resilient to the discounts offered in the spot market. The spot market discount is $0.35 per mile, about 14%. The November rate average mixes up to $2.58 and seems to track 2019, suggesting that the rate is on solid ground for the rest of the year. For carriers in this market, answering the question how to position more capacity in the Inland Empire could come with a sweet dividend. That said, the spot market is not a great option, so make sure you have the contract freight before chasing that region.
What is McLeod MPact?
MPact is a rate analysis tool for McLeod customers. Over 1,000 carriers, brokers, and 3PLs anonymously contribute to this data on a daily basis.