Records are falling. Three more go down.
Flatbed linehaul (rate minus fuel) rates hit $2.93/mile this week, an all-time record, $0.18 above the June 2021 peak after 12 consecutive weeks of gains. Dry van linehaul rates are at $2.39/mile, a new Week 22 record up 43% year-over-year. Reefer is $0.03 from its own all-time mark at $2.69/mile, sitting 37% above last year. Behind the numbers, the demand story is strengthening: the ISM Manufacturing PMI just hit its highest reading in four years, with New Orders at 56.8% and backlogs still building. This isn't just a Roadcheck blip, itโs a sign that the fundamentals are moving.
If you're still pricing freight the way you were last summer, the market has already moved past you.
What's your biggest exposure heading into the back half of Q2?