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Truckload contract rates* trended upwards to -11.1% Y/Y, up from -13.9% in Q2 2023. Typically contract rates will lag spot rate activity by two or three quarters, but the turn happened faster in this cycle, only lagging by one quarter.
14 lis 2023 · possible anticipated drops. This primarily impacts ocean carriers, but there’s a cascading efect on trucking, with potentially reduced urgency for rapid inland transport, afecting tru. king spot rates and demand.In sum, a more robust maritime peak season would have been a boon for trucking, but current indicators.
Now more than ever, be prudent about where you're cutting rates and trimming capacity — we believe that the end of 2023 and early 2024 will look different than the past several quarters. Short-term gains today could cost you in the spot market tomorrow.
1 gru 2022 · Truckers need strong rates to offset rising expenses to attract and retain drivers, as well as higher insurance, fuel and equipment costs.
14 lis 2022 · Weekly diesel prices & quarterly freight rate index. Detailed analysis of driver shortages, fuel costs, EU Mobility Package and the war in Ukraine. Market maps for the new digital landscape, with strategic profiling of start-ups and market incumbents.
6 sie 2023 · Truckload Freight Outlook Rates. We anticipate spot rates will remain relatively stable, rising and falling in line with typical seasonal expectations, as contract rates continue to normalize and the gap between the two gradually closes throughout the year.
Get expert insight on spot & contract trucking rate trends in the U.S. market, an economic breakdown and our proprietary index, the Coyote Curve. Recap what happened in Q4 and where the market is heading in Q1.
