Pricing in the transportation sector can be a source of frustration for many logistics managers. Factors that can affect rates in the truckload spot market create a domino effect that causes fluctuations for other services. Since your obligation is to get your company’s goods where they need to go safely and on time (preferably without breaking the bank), you may have found yourself frustrated by the many complex interrelated trends in the industry in the last year or so.
Having an understanding of the broad trends that affect market prices can help you make stronger and more sustainable decisions for your company. Let’s look at some of the factors that affect truckload rates in the spot market and the contract market, and how they relate to each other.Read More