John Coogan

But it's also trucking season.

The four-year US trucking slump is officially over, says the Wall Street Journal.

It's over at last.

Truckers who held on through almost four years of slumping freight rates finally have something to celebrate.

It feels like a breath of air.

for an industry that maybe felt like they were running out of air, said Webb Estes, president and chief operating officer of Estes Express Lines, a Richmond, Virginia-based carrier with revenue of about $6 billion.

Freight rates are finally climbing.

Good news for them.

Trucking executives are calling an end

to one of the longest freight downturns in carriers' memory.

They say rates have risen to more sustainable levels after a period of low earnings coupled with Trump administration crackdowns on immigrant drivers pushed many carriers out of the market.

Logistics Managers Index, a monthly survey of supply chain managers, showed transportation prices increased in May at the fastest rate for any metric in the report's 10-year history.

So if you scroll down, yeah, that chart is crazy.

So good news for the truckers.

Of course, this is gonna push up

you know, prices and inflation potentially, but it is good to have a healthy trucking industry, a healthy dry van spot rate, which I'm sure you've been following intently.

Dry van spot rates for the week of June were up 5,200 basis points.

Let's go.

52% year over year, excluding fuel surcharges, according to a report.

So the fuel prices get passed through, but the economy is doing well, and so prices for dry van spot rates are increasing.