Freight Market Update - June 2nd, 2023

Freight Market Update - June 2nd, 2023
*, forecasts real-time truckload buy prices that are suited to each freight brokerage's purchasing power using AI and machine learning. Its engine takes into account over 130 attributes and data points in each rate forecast.

The latest freight market update by, dated June 2nd, 2023, reveals the leading lane movers based on the 30-day trend for the average rate per mile for dry vans. For the Ontario, CA - Reno, NV lane, covering an average distance of 472 miles, the 30-day average rate was $3.05 per mile, marking a 7.8% increase. The Ontario, CA - Salt Lake City, UT lane, averaging 582 miles, also saw a 7.8% increase from its 30-day average rate of $2.99 per mile. The rate for the Dallas, TX - Lubbock, TX route, averaging 333 miles, rose by 3.4% from its 30-day average of $2.77. Conversely, the Stockton, CA - Ontario, CA route, with an average length of 369 miles, saw its 30-day average rate of $1.74 per mile decrease by 37%.

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