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July 2020: Freight Rates Seem Unstoppable

Apparently April to May was the lowest point of the coronavirus pandemic, as demand for shipped goods and materials continued its ascent for the third consecutive month (two for dry van), and all three forms of freight are at their 2020 highs.

DAT speculates the current month’s rates as it is happening, and while August is in its infancy, the fact that the DAT is predicting freight rates to go up anywhere from 5-10% for August points in a further upward direction.

With rates on the incline, now is a better time than ever to finance a truck or trailer with TopMark Funding. Read beyond the graphs for more information on how we can help you start or expand your fleet!

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