Economic green shoots are beginning to sprout from the depths of the COVID-19 recession, as the spring produce season generates shipping demand across a swathe of US states. That’s pushing spot market rates and demand for refrigerated and dry-van trucking equipment higher, according to spot market load boards and the US Department of Agriculture (USDA).
Spot refrigerated rates from Nogales, Arizona — the US entry point for many produce shipments from Mexico — to many US consumer markets were up by double digits from early May through May 19, the USDA said last week, including a 22 percent jump in the lane from Nogales to Atlanta. Rates to Atlanta from parts of California were up 13 to 15 percent.
Continue reading on JOC.com.
Receive FourKites’ exclusive ebooks, reports, industry insights and event invitations in your inbox.