Forecasting 2021

December 3, 2020, Issue 213

This has been a year of extremes for carrier capacity and pricing. To start the year, we saw some slow but steady rate increases. Once COVID hit we saw an immediate spike in rates followed by an extreme dip in rates just weeks later. After the initial scare and uncertainty of COVID-19, stores needed to restock and freight rates started to climb again and we’ve seen a steady increase since then to our current peak levels. Pricing seems to have steadied or at least slowed in growth, but now that local produce is winding down or finished in most parts of the country, will this start to free up capacity and what will we see in the first half of 2021 for pricing and availability?

Read the full article here.