The firm explained that, in February, dry van and temperature-controlled markets experienced their largest three-month spot rates increase going back to Spring 2020, coming in at 21% and 13%, ...
Spot rates averaged $2.01 per mile in February, up from $1.65 in November, U.S. Bank and DAT Freight & Analytics say.
Air freight faces disruption as Middle East conflict cuts capacity, raises rates and adds uncertainty to trade outlook.