We are seeing contractual rate increases still somewhat muted at 3% to 4%, but primary carrier acceptance has been low for this time of year. Carriers are still moving capacity to take advantage of the better paying spot market. The current concern is how many carriers may drop out of the industry after April 1, when trucks without ELDs could be fined or put out of service.
Spot Market Trends
Record High Rates
February spot flatbed rates were up ~5% sequentially and ~24% y/y; refrigerated spot rates were down ~17% sequentially, but up ~31% from the year-ago level. – KBCM Outlook
