Trucking spot markets are pricing in coronavirus infection rates

Trucking spot markets are pricing in coronavirus infection rates

Truckload carriers are charging more to drive into regions of the United States with high coronavirus infection rates.

Trucking spot markets – ad hoc, same-day and next-day transactions to move freight – are extremely sensitive to exogenous factors, reacting within days to hurricane forecasts, labor disputes or untimely harvests. But this is the first time we’re aware of when an infectious disease outbreak has affected specific lanes in United States freight markets.

The three regions seeing the most volatility in spot prices and capacity availability correspond to….

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