November 2020: Flatbed Rates Stumble, Others Rise
Growth cannot last forever. After a long run of consistently rising freight rates, it appears flatbed rates are the first of the three to have a month lower than the previous month.
Not to worry, however, as the flatbed rates only dropped one cent, so while flatbeds stumble, they are not tumbling down an impossible to escape downward spiral.
The Data
Coronavirus hysteria appears to be finally dying down, but the holiday rush has officially started. The two events intersecting caused the Outbound Volume Tender Index (OVTI) to reach its all-time high earlier, but the drop in a cent for flatbed shows the slightest hint of demand dying down. It will be interesting to see what the final month of 2020 has in store for dry van, flatbed, and reefer trucking.
CORONAVIRUS [COVID-19] UPDATES AND ARTICLES
- Trucker’s Guide to When Every State is Reopening
- FMSCA Extends Hours of Service Relief Declaration
- How Truck Drivers Can Keep Their Cabs Clean During COVID-19
- International Roadcheck Delayed Over COVID-19 Fears
- Pennsylvania Reopens (Some) Rest Stops
- Truck Dealers Seek “Essential Status”
- Navistar And Paccar Halt Production
- Mack And Volvo Suspend Truck Production
- Fmcsa Expands Its COVID-19 Response
#THANKATRUCKER
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