spot markets News Updates

Spot and contract rates edged higher during the quarter, while many carriers sharpened their focus on internal efficiency and operational improvements.

Ongoing headwinds weighed on trucking in the first quarter, but carriers also pointed to emerging tailwinds. Trucking firms cited better pricing power.

The spot market has been declining, but with rates and volumes still above historic norms it’s unclear where it will stabilize.

WASHINGTON — The spot market is suffering a decline in activity this year, but contract business and the promise of improving trade negotiations between the United States and China are helping to keep the freight market on steady ground, said the chief economist of American Trucking Associations.