Market Update: February 7, 2018

Posted by Nate Schwandt on 2/7/18 10:40 AM
Find me on:

The perfect storm continued into January 2018 with constrained capacity and carriers showing confidence in obtaining rate increases that will stick.  January spot rates were up 35% versus 2017 and contract rate increase percentages are still expected to land in the mid to high single digits for this year.  Carriers are taking advantage of bid season to cover anticipated driver wage increases and productivity losses.

Spot Market Trends

 trendlines_2_6

Historic Per Mile Spot Market Rates

 

Other_1_30.png

Topics: market update

Subscribe to Weekly Market Updates

Recent Posts