Contract Truckload Rates Are Likely Dropping
“The spread between spot and contract rates has averaged around record low levels (~-74 cents a mile) since early May. That said, the rate differential is too large to sustain for long. Some level of rate decrease will occur if demand-side conditions remain at or below current levels. Judging from history, it would appear a conservatively estimated 3%-5% decrease is all but imminent in the coming months.”
Summit Logistics Group wants to be a part of your shipping team! We welcome the opportunity to discuss industry trends and will work to get you the most competitive rates with unparalleled service.