Major overnight surge on truckload spot rates to new all time high.
Truckload van spot rates moved up $.09/overnight to $3.83/mile, the highest level in history.
This is happening despite fuel prices cooling, reinforcing that rate inflation has been driven by supply/demand in trucking and not diesel price pass thru.
For those not following trucking closely: trucking is a commodity and prices are driven by supply/demand.
Capacity is tightening due to the compliance crackdown, while demand is increasing due to stronger industrial sector thanks to AI data center construction, energy investments, defense spending, and America’s global industrial competitiveness.
IIIIIIIIIIIII [still] can’t stand it!
Beastie Boys’ fourth album, Ill Communication, came out 32 years ago today, and this just might be one of the greatest late-night performances of all time.
(📹 via @letterman)
Joško Gvardiol visited Luka Modrić’s childhood home in Croatia, which was destroyed during the 1991 war when Serbian forces burned it down and killed Modrić’s grandfather. His family fled as refugees.
As a powerful tribute, Gvardiol reportedly hung Modrić’s Croatia jersey on the door as a symbol of respect for this national legend.
"We figured out there's something that sells better than sex, and that's rage." NYU Professor Scott Galloway (@profgalloway) on tech companies' manipulation of vulnerable young men