FreightWaves new spot rate forecast supports a slow start to trucking’s peak season.
Declining contract volumes may bring large carriers into the spot market, forcing spot rates into negative margin territory if they are not already there.
Carriers and brokers tend to have the weather on a TV somewhere in their facilities throughout hurricane season because of the dramatic impacts storms can have on their operations and bottom lines. Ian hit at a time when trucking will not be as reactive to this devastating storm.
Carriers gobble up contracted freight, leaving the spot market barren for the holiday week. While not overtly obvious, there is still some semblance of hope for a decent peak season for carriers.
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.
FreightWaves presents the Small Fleet & Owner-Operator Summit on Wednesday, June 15.
The truckload spot market has fallen apart over the past two months. Larger fleets are in far better shape for weathering the storm.
Shippers book maritime containers well before it turns into trucking and rail freight in the U.S. The relationship between international and domestic freight strengthened during the pandemic and they are both pointing toward a summer slump.
FreightWaves founder and CEO Craig Fuller analyzes the impact of rising diesel costs on the spot market and the trucking industry.
