2022 looks to begin with the same amount of confusion and chaos impacting all facets of your business. Will it last?
Hear from our team of experts on what to expect from the economy, supply chains, and transport operations as we gear up for more of the same congestion-fueled disruptions to start the new year.
Total spot load postings in the Truckstop.com system jumped 43.7% during the week ended January 7 (week 1), following the typical pattern of a rebound after a holiday lull. Loads were up in all segments, including a modest gain in refrigerated to surpass the record posted during the prior week. Dry van volume was the second highest on record after a weather-related spike last February. Rates fell 10 cents from the prior week’s record, but flatbed rates saw their strongest gain in 10 weeks.
Spot volume invariably rises sharply during the first week of the year compared to the final week of the previous year. Disruptions due to winter weather in much of the U.S. also likely contributed to the strength in load postings, although supply chain disruptions had already maintained a high floor on volume. Weather-related disruptions also might have muted declines in rates that typically occur during the first week of the year.
Expert analysis of questions asked by FTR clients