Historic contract rate inflation will support a longer tail for efficient carriers
Chart of the Week: Spot to Contract Rate Spread (with spot fuel base at $1.20/gal) – USA SONAR: RATES12.USA
The spread between long-term contract truckload rates and spot rates has expanded beyond early pandemic amounts when demand for capacity dropped to its lowest level since the great recession in 2009. While this data point may paint a bleak picture for truckload carriers in general, this environment favors...