The time to go out to bid is now
Transporeon
NOVEMBER 18, 2018
Trucking capacity is currently so tight that logistics service providers are turning away record amounts of freight. Rates have been rising, and some shippers have even had to cut earnings outlooks due to rising transportation costs. Spot market rates have gone up 20-30 percent from the same period last year. With shipping costs rising rapidly and capacity so scarce, companies are going out to bid for new transportation contracts now instead of waiting.
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