Reported 1 day ago
The trucking spot market has seen an unexpected surge in rates overnight, as indicated by a significant increase in the SONAR heat map. Despite low volumes and a steady tender rejection rate of 5.5%, spot rates are escalating, suggesting a supply-driven rather than demand-driven market shift. This unusual phenomenon is attributed to the impact of recent immigration enforcement efforts affecting immigrant truck drivers, raising concerns about a potential market squeeze and higher rates.
Source: YAHOO