Passport Research: Trucking Markets, Feb. 25

Relative capacity of dry van equipment has been fairly stable for weeks now, with tender rejections hovering around 5.5% (they’re at 5.6% nationally as we write this note). Spot rates are also fairly stagnant, just up and down on the margins, but we think recent price moves are a near-term bearish signal for West Coast freight markets.

Read the full report here.