Understanding Truckload Rates: Contract Versus Spot Market
Blue Grace Logistics
JUNE 1, 2022
This level of volatility can potentially leave shippers in a difficult position if they haven’t built a strategy that encompasses both spot and contract truckload rates. Freight rates are broken down into two different categories: contract and spot rates. Spot rates [ today] make up the remaining 20 to 30 percent of the overall market.
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