There wasn’t much to smile about in 2020 as uncertainty gripped supply chains, but the spot market had owner-operators grinning. For many months, the going was good. Spot rates soared above contract rates, giving smaller fleets the chance to maximize profitability on every trip.
But the tide has swiftly turned.
SONAR: NTIL.USA and VCRPM1.USA.Spot and contract rates, neck and neck for the past two years, have trended apart. The tango finally ended in late February, as FreightWaves SONAR shows...
https://www.freightwaves.com/news/stability-consistency-are-just-what-owner-operators-need