Bracing for tighter truck capacity, shippers rebid contracts

In anticipation of a tighter truck freight market in 2025, some shippers have started making contract adjustments as pricing power begins to shift to carriers.

“We’re actually seeing price appreciation in contract rates as the spread between spot and contract is increasing,” said Ryan Grote, supply chain solution analyst at FreightWaves.

“Roughly 70% of freight moves under contract, and the fact that we’re already seeing those prices start to appreciate I think is another signal that the bottom...

https://www.freightwaves.com/news/bracing-for-tighter-truck-capacity-shippers-rebid-contracts

Spike in Spot Rates, Shippers Begin Early Negotiations in 2021

  • Container box shippers and forwarders could be in for historically high rates and contentious contract negotiations.
  • The negotiations are with carriers upon first quarter 2021 contract renewals and a shift from term to spot volumes.
  • This scenario is due to the market norms brought on by the coronavirus pandemic.

According to a recent news article published in Platts, written by David Lademan, Spring contract season may solidify container carriers’ newfound pricing power.

Early negotiations

With...

https://mfame.guru/spike-in-spot-rates-shippers-begin-early-negotiations-in-2021/