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‘Secure capacity’ says RXO as it warns of further haulage rate rises

‘Secure capacity’ says RXO as it warns of further haulage rate rises

Spot rates in the US trucking sector rose sharply in the second quarter and are on course to climb further , with the looming peak season auguring more upward pressure, according to RXO. The transportation provider is advising shippers to secure capacity, which continues to shrink. The Curve, RXO’s proprietary truckload spot rate index, climbed to its highest level in more than four years, propelled by a 32.4% surge in pricing over ... The post ‘Secure capacity’ says RXO as it warns of further haulage rate rises appeared first on The Loadstar .

Helena Marsh

Broker RXO sees TL spot rate surge extend into Q3
Commodity BrokersIndustry news

Broker RXO sees TL spot rate surge extend into Q3

Freight broker RXO said Tuesday that its truckload spot rate index recorded its biggest sequential gain in five years during the second quarter. The dataset, which tracks linehaul rates excluding fuel surcharges, has continued to step higher in the third quarter. “The index has not experienced this level of rate inflation since pandemic-era surges, with the second quarter hitting both the highest year-over-year reading and largest sequential increase since the second quarter of 2021,” the report said. RXO’s ( NYSE: RXO ) Curve Report showed second-quarter spot rates were up 32.4% y/y, an accel

Editorial Desk

Trans-Pacific shippers ‘leaving money on the table,’ says analyst

Trans-Pacific shippers ‘leaving money on the table,’ says analyst

Shippers should consider U.S. West Coast import gateways for significant cost savings, even with added inland logistics. “If a shipper has the flexibility of importing goods into U.S. West Coast instead of East Coast, then they must seriously consider it because there is dramatic savings potential, even if it means a heavier reliance on truck and rail to reach the final destination,” said Xeneta Chief Analyst Peter Sand. “This underlines the dynamic approach supply chain professionals must take in managing resilience and freight spend during major market shocks.” While spot rates on the trans-

Editorial Desk

Diesel Prices Surge, Spot Rates Plunge: Why Trucking Costs Are Disconnected
Oil & Fuel OilIndustry news

Diesel Prices Surge, Spot Rates Plunge: Why Trucking Costs Are Disconnected

#fwtv_tCDcsHYyTCU .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_tCDcsHYyTCU .fwtv-panel p{margin:0 0 12px}#fwtv_tCDcsHYyTCU .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Diesel prices are soaring, but spot rates continue to fall, creating a significant disconnect in the trucking market. This SONAR Market Update dives deep into the factors driving this divergence, from global conflicts impacting refinery output to shifts in intermodal rail and changing length of haul for truckload freight. Under

Editorial Desk