Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. Rates Rise after Road Checks With numerous trucks off the road during the International Road Check earlier this month, capacity took a plunge which forced rates to rise across the country. We knew prices...
Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. Post-Holiday Market Shift As we returned from the extended holiday weekend, the spot market experienced a last minute push in loads before end-of-month. Dry vans maxed out this past week with a load-to-truck ratio...
Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. A Pause in the Market? As we are halfway through the month of May, we have seen an expected rise in pricing within all sectors of the industry. Produce is starting to ship out...
Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. The Start of Produce Season Every year, produce season utilizes a significant amount of reefer and dry van capacity. This causes capacity to shift into the southeast, spreading through the southern half of the...
Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. Capacity Continues to be In-Check With Q1 behind us and spring officially here, we saw a slight rise in spot market rates for both dry van and flatbed loads. This anticipated trend came later...
Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. Market Update We have been anticipating a rise in the spot market towards the end of this month. However, due to extreme weather conditions in the Midwest, there has been a temporary stall. History has...
Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. Market Overview Depending on the lanes you are looking to move, we have encountered a wide variety of feedback from carriers. The overall spot market has dropped by a penny per mile for dry...
Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. Market Comparison: January versus February 2019 In the last edition of From the Summit, we focused on the load-to-truck ratio in several markets in the US. Since then, we have seen a spike in...
Summit Expedited's newsletter featuring current market trends and other exciting news at Summit. Truckload Market Balancing Out As we continue into 2019, we have seen the market begin to flatten out. Excluding the more obscure states like Wyoming, we see a majority of states approaching a 1...
[gallery size="full" ids="1572,1577,1574,1576,1578,1573"] Diving into 2019, Summit took on the new year by welcoming our largest incoming group of new employees; five Account Executives joined the SEL team on Monday, January 7th. The new teammates spent their first two weeks engaging in group and individual training,...