Note these sobering statistics:
- Truckload spot rates have fallen by nearly one-third since the start of the year, while truckload contract rates have risen.
- The spread between truckload spot and contract rates are near an all-time high.
- Spot rates always lead contract rates, usually by about three months.
- Shippers (firms that buy trucking capacity from trucking companies) buy most of their capacity in the truckload contract market, which means they have not seen a reduction in freight rates...