The trucking freight futures market expects a modestly strengthening price environment for the rest of the year. The forward curve, which charts the price of monthly trucking freight futures contracts expiring in the future, indicates that the market expects national average spot rates to stay above 2016 levels for the rest of the year, although upside volatility will not reach the peaks of 2017.
June contracts are priced at $1.59 per mile, implying a significant bump up from current spot rates at $1.41/mile. That’s consistent with the traditional volume and price run-up seen most years in May and June.
Trucking Resource Management