Inflection point: Contract rates overtake spot rates

DFM Commentary:

Jim Stinson’s article highlights the high price shippers pay for consistent, planned capacity. Broader visibility to freight capacity through standardized data-sharing could help reduce volatility. DFM Data Corp. has the answer in a member governed cooperative structure.

Link to Source: https://www.transportdive.com/news/inflection-contract-spot-rates-freight-trucking/594321/

Quotes from Article:

“Croke said he expects the trucking and freight markets for the first half of 2021 to be a lot like the latter half of 2020, with consumer demand keeping per-mile rates higher.”
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Data from FreightWaves Sonar shows shippers spent 12% more per mile for dry van TL in Q4, compared to the same time frame in 2019.”

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