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Lumber prices to the moon 🚀 - WTT [newsletter]
0 1 7 minutes read Welcome to the WHAT THE TRUCK?!? newsletter. In this issue, skyrocketing lumber prices, where’s the Tesla Semi, two brokerage bankruptcies and more. Will it fall under $3? SONAR Downhill skiing in spring — The Truckstop.com seven-day dry van rate per mile continues its three-plus-weeklong slide, falling another 4 cents to $3.04. Although rates are declining, both freight volumes and capacity have remained stable. According to the Outbound Tender Reject Index in SONAR, carriers are still rejecting more than 1 in 4 loads. “Spot rates were roughly 30% to 70% higher y...
Source: freightwaves.com