Resolves YES if FreightWaves SONAR NTI.USA reads above $3.20/mile on the last business day of July 2026. Resolves NO if NTI.USA reads at or below $3.20/mile. If data is unavailable on the final business day, the most recent prior reading is used. NTI.USA is the all-in rate including fuel surcharge. Source: FreightWaves SONAR.

July is typically when summer freight demand crests before a seasonal pause in August. Retail replenishment for back-to-school and beverage distribution keep trucks loaded, but produce season begins to wind down. Closing above $3.20 on the national truckload index would mark the highest sustained NTI.USA spot pricing since 2022. The Cass Truckload Linehaul Index was up 1.8% year over year in March 2026, and ACT Research expects contract rates to follow spot gains with a lag. Whether the spot truckload rate can hold $3.20 by month-end depends on the fuel outlook, the pace of carrier exits and how much seasonal demand remains.

Resolves YES if FreightWaves SONAR NTI.USA reads above $3.20/mile on the last business day of July 2026. Resolves NO if NTI.USA reads at or below $3.20/mile. If data is unavailable on the final business day, the most recent prior reading is used. NTI.USA is the all-in rate including fuel surcharge. Source: FreightWaves SONAR.

July is typically when summer freight demand crests before a seasonal pause in August. Retail replenishment for back-to-school and beverage distribution keep trucks loaded, but produce season begins to wind down. Closing above $3.20 on the national truckload index would mark the highest sustained NTI.USA spot pricing since 2022. The Cass Truckload Linehaul Index was up 1.8% year over year in March 2026, and ACT Research expects contract rates to follow spot gains with a lag. Whether the spot truckload rate can hold $3.20 by month-end depends on the fuel outlook, the pace of carrier exits and how much seasonal demand remains.