Freight Futures lanes to watch today: Dallas to Los Angeles (VDL)
Trucking Freight Futures finished the day in mostly positive territory. The September National contract (FUT.VNU201909) rose marginally to $1.462 per mile, as did the East regional contract (FUT.VEU201909), which settled up at $1.670, and the West regional contract (FUT.VWU201909), which finished the day at $1.493. The South regional contract (FUT.VSU201909) was unchanged at $1.222.
In the East, the PHI to CHI lane strengthened across the entire forward curve (FWD.VPC) with the spot contract (FUT.VPC201909) up 0.41% to $0.971. Freight volumes out of NY/NJ are the driving factor. The lanes into and out of ATL finished flat with the spot CHI to ATL contract (FUT.VCA201909) closing at $2.150 and the ATL to PHI contract (FUT.VAP201909) settling at $1.890. In the West, the LAX to SEA lane (VLS) again was higher, with the spot contract (FUT.VLS201909) up $0.003 to $2.059. In the South, trading interest in the DAL to LAX lane (VDL) was influenced by an increase in freight volumes out of Texas as a result of the impact of Tropical Storm Imelda. The September contract (FUT.VDL201909) finished the day 0.22% higher at $0.906.
FreightWaves SONAR: Chart
SONAR Tickers: FUT.VDL201909, OTVI.DAL
Image Sourced from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
