Business & Investment

Fares will remain high until 2022, according to Bloomberg and Truckstop.com

Bloomberg and Truckstop.com..

“Survey data show what’s likely to be the tightest truck market of our generation and will continue to support spot rates until 2022,” said Lee Kraskow, senior freight and logistics analyst at Bloomberg Intelligence. It looks like it’s ready. ” “Next year, we believe that contract prices could rise from the mid-single digits due to the limited number of drivers and the outlook for strong demand due to the economic recovery and prolonged inventory replenishment cycles. increase.”

More specifically, with Bloomberg Truckstop.com In the Truckload 3Q-21 survey, 56% of respondents carried more luggage in the third quarter of this year than last year, and 55% of truck drivers increased their spot rates (excluding fuel surcharges) in the next six months. It also shows what you expect. 74% expect interest rates to rise or stabilize in 2022.

Researchers said these situations were driven by stable demand from replenishment, structural changes in e-commerce and peak season preparations, and stagnant demand due to increased port congestion. And these factors are expected to continue into the first half of 2022, reflecting the great demand for businesses and carriers. Truckstop.com CEO Paris Call said in the release.



Fares will remain high until 2022, according to Bloomberg and Truckstop.com

https://www.dcvelocity.com/articles/52925-freight-rates-to-stay-high-into-2022-bloomberg-and-truckstopcom-say Fares will remain high until 2022, according to Bloomberg and Truckstop.com

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