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Supply Chain Graphic of the Week: DAT Predicts Low Growth in Truckload Rates in 2020

 

Just 2 Percent Growth in Truckload Rates this Year, DAT Predicts

 

Jan. 29, 2020

 

After a torrid 2018 from a carrier persective, things surely changed n 2019.

 

As shown in the graphic below from load board and information services provider DAT, spot market rates soared in most of 2018, with extremely tight capacity in the market, reaching nearly $2.00 per mile including fuel surcharge in mid-year.

 

But the supply-demand balance changed dramatically in early 2019, with spot rates faling to around $1.50 per mile, where they settled in the last few months of last year.

 

 

Source: DAT

 

DAT predicts a decent 5% increase in spot rates in 2020, but mostly in the second half of the year. It forecasts just a 2% rise in truckload rates in the year, after those rates dropped 2% after the sharp jump in 2018.

 

Consider your transportation budgets appropiately.

 

Any Feedback on our Supply Chain Graphic of the Week? What do you think of this contributor list? Let us know your thoughts at the Feedback section below.

 

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