Posts tagged with ‘spot rate’

  • Industry News
    Transportation Industry Update: Q1 2018 Quarterly Industry Report

    Transportation Industry Update: Q1 2018 Quarterly Industry Report

    - by Transplace

    Three months into 2018, the transportation industry has already observed a number of rapid developments and heightened challenges faced by shippers and carriers alike. From a marketplace standpoint, it’s no secret that there is currently an abundance of demand and not an abundance of supply. Truckload and LTL contract rates are trending upward, and though the upward trend of spot market rates has leveled, they remain up as much as 30% year-over-year on a per mile basis, having a deleterious impact on shippers’ budgets. As we head into produce season in Q2, we expect the supply/demand imbalance to remain.

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