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Freight Futures data to watch today: Spot Month Settlement w/w Change
A relatively quiet Friday session capped a fairly volatile week for the Trucking Freight Futures markets. The spot National contract (FUT.VNU202001) ended the week as it did the previous week at $1.455/mile, as a strong performance in the East was offset by weakness in the West and South. The East regional contract (FUT.VEU202001) gained $0.021, or 1.3%, for the week to $1.636 while the West regional contract (FUT.VWU202001) shed $0.01 (0.7%) and the South regional contract (FUT.VSU202001) dropped $0.011 (0.9%) to $1.486 and $1.243, respectively.
The three lane contracts in the East all posted solid gains, led by the CHI to ATL contract (FUT.VCA202001), which jumped $0.033, or 1.63% w/w, to $2.052. The ATL to PHL contract (FUT.VAP202001) added $0.015 (0.9%) w/w to $1.760 and the PHL to CHI contract (FUT.VPC202001) gained $0.013 (1.2%) for the week to $1.094. In the West, the SEA to LAX contract (FUT.VSL202001) was under downward pressure all week and slid $0.021, or 2.1% w/w, to settle at $0.971.
The LAX to SEA contract (FUT.VLS202001) remained at $2.000 throughout the entire week. Both lane contracts in the South lost ground last week. The DAL to LAX contract (FUT.VDL202001) dropped $0.016, or 1.5% w/w, to close at $1.037 while the LAX to DAL contract (FUT.VLD202001) slipped 0.5% w/w and finished at $1.448.
FreightWaves SONAR: Tree Watchlist
SONAR Tickers: Tree Watchlist – Spot Month Settlement w/w Change
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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