The trucking industry has seen a positive turnaround due to increased spot market rates and freight demand. As we mentioned in a previous blog, our load board partners noted that June saw some bounce back after the significant declines the industry faced in April and May due to COVID-19. And, while we typically expect rates and demand to drop off for July and August, spot freight has continued to its upward trend.

Freight volumes are steadily surging, which have made many in the industry breathe a sigh of relief. However, rates are still suppressed, which is potentially due to the fact that the movement of goods is for warehouse and inventory redistribution rather than consumer-facing activity. Freight volumes during COVID has been a hot topic of discussion for many carriers.