Spot freight is coming back and tightening capacity across the country, even as rates out of Los Angeles fade (typical for this time of year).
On a national basis, contracted truckload tenders are being rejected at a rate of 6.4%, just below the crucial 7-10% level that ‘flips’ the market into an inflationary melt-up. When large asset-based carriers reject 7% or more of their contracted freight, it flows into the spot market, raising rates, and attracting more capacity, which results in more...
https://s29755.pcdn.co/news/trucking-markets-spot-freight-strikes-back