This week in the transportation industry the MDI decreased by 1%. There were increases and decreases in load availability and load searching. Fuel prices are continuing to decrease.
Trucking demand has declined for several weeks, yet equipment rates have continued to increase, reaching a nearly eleven month high this week. This has occurred despite falling fuel prices and a nearly flat supply of available capacity. Although some of the rate increase is attributable to seasonal factors (e.g. Reefer rates), cost-driven rate increases could bode poorly for the upcoming peak season.
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