Why this matters to buyers
Contract freight rates are now higher than spot rates, which may affect landed cost calculations for U.S.-bound shipments. The 22-cent per mile gap suggests that locking in contract rates could be more expensive than current spot market options, though spot rates remain volatile. This may influence budgeting for inbound logistics to U.S. destinations.
Recommended buyer actions
- Review current freight contracts versus spot market rates for U.S.-bound shipments to assess cost implications
- Monitor the U.S. Bank Freight Payment Index for further rate trend developments
- Consider whether contract rate commitments align with current shipping volumes and budget forecasts
Original source context
Contract dry van rates rose every month since April to $2.39 a mile while spot slid to $2.17, reversing June's inversion in the U.S. Bank Freight Payment Index – Rates Edition. The post U.S. Bank: Contract rates open 22-cent gap over spot freight appeared first on FreightWaves.
Read the original report · FreightWaves