Why this matters to buyers
Buyers should anticipate significant increases in contracted freight transportation costs. The historic spread suggests the market is shifting, potentially leading to higher overall logistics expenses.
Recommended buyer actions
- Review and potentially lock in long-term freight contracts to mitigate exposure to further rate increases.
- Conduct a cost analysis to understand the impact of a potential 50 cents/mile increase on overall logistics budgets.
Original source context
SummaryView Transcript Contract rates could jump by as much as 50 cents a mile, according to Sonar data. We dive deep into why the spread between spot and contract rates is at historic highs, signaling a significant shift in the freight market. Learn how compliance crackdowns, stable diesel prices, and broad industrial recovery are driving […] The post Contract Rates Skyrocket: Why 50 Cents/Mile is Just the Start appeared first on FreightWaves.
Read the original report · FreightWaves