Reported about 24 hours ago
Long-term contract rates for dry van truckload transportation have shown minimal growth of about 1% since July 2024, while more volatile short-term spot rates increased approximately 4%. Despite decreasing market capacity, contract rates are expected to remain stable due to weak demand, acceptable tender rejection rates, and rising operating costs for carriers. Seasonal pressures may not significantly impact contract rates, and shippers are advised to focus on carrier quality as the market dynamics could shift quickly if demand rebounds.
Source: YAHOO