19 Aug DAT Trendlines: Acceleration in Domestic Food Service Industry May Offset Reefer Volumes
The foodservice industry is on the rise according to the latest Technomics index (TIndex) release, which shows a 28% increase from this time last year. According to DAT Solutions, this acceleration will be a trend to keep an eye on, particularly for reefer carriers specializing in food service.
Spot rates are up $0.65/mile higher than in July 2020, averaging at $2.76/mile. With shippers still dealing with supply chain crunch, and a shortage of trucks during peak harvest seasons for berries, the most recent report from the USDA shows lower truckload volumes of domestic produce
At Capital Logistics, we continue to monitor the trends in van, and especially in reefer shipping. Our extensive expertise in temperature control transportation as well as our formidable carrier relationships allows us to deliver the most reliable service level in the industry, while working to maintain price stability for our shippers.