RXO Curve index shows 32.4% jump in truckload spot rates in Q2, biggest sequential rise since 2021
RXO•Capacity tightening drives continued rate volatility
Through Aug. 21, the index was tracking to finish Q3 above Q2, extending a nine-quarter inflationary streak.
Tightening carrier capacity drove the move, with federal regulation enforcement cited as a key factor behind carrier attrition.
Muted freight volumes persisted, but the report flagged continued rate volatility as capacity remains constrained into peak season.
Curve index shows strongest sequential rise since 2021
RXO’s Curve truckload spot-rate index signaled the biggest sequential rise in spot rates since Q2 2021.
Q2 spot rates excluding fuel rose 32.4% year over year, accelerating from 16.5% in Q1.
