Trucking rates have fallen back to 2017 levels, but costs have not

Chart of the Week: Average hourly wages – Transportation and Warehousing, Maintenance cost per mile, DAT Van Freight Rate Index – National (SONAR: EARN.TPWH, MAINT.VCF, DATVF.VNU )

“The longest freight market bull-run in over a decade is over as spot rates have fallen back to where they were two years ago. The problem presented to many carriers is that many of their costs have not. In this week’s chart, comparing wage and maintenance costs to average daily national spot rate over the last two years, spot rates have fallen back to under June 2017 levels while costs have continued to grow on a more even keel.” – According to the article in freightwaves.com and its author Zach Strickland

Read the full story HERE

Source and credits: freightwaves.com  / Zach Strickland, FW Market Expert & Market Analyst