Truckload contract rates have slowed their descent after a quick drop in August. What should we make of this as demand continues to ease?
The trucking business is often cyclical, and understanding the changes in profitability is a great barometer for the general macroeconomic outlook.
FreightWaves founder and CEO Craig Fuller provides insight into the state of trucking contract rates.
Contract rates have grown at their fastest pace in history over the pandemic era. The contract to spot rate spread fluctuation is an argument for smarter and more efficient growth strategies for carriers.
The contracted freight market is in great condition at the moment, but the short-term indicators raise questions about its sustainability.
Stability lulled transportation managers and providers to sleep in the six years post-recession. The roller-coaster ride of the last four may be more indicative of their future.
People use the term “contract rate” in trucking and think that it is binding. It is not. In reality, it just means a prenegotiated rate both parties have the right to reject at the time of the tender.
Companies are paying significantly more for transportation than they were a year ago with many contracts yet to be implemented.
Anthony and Zach discuss the dynamic between the spot and contract market as rates continue their wild ride in 2020. Do carriers, brokers or shippers control the spot market?
The clear difference between contract and spot rates.
