Spot truckload rates soften

Consultants

Tuesday, August 28, 2012

Truckload carriers have anecdotally reported softening rates, according to an informal survey of companies by the investment bank Stifel Nicolaus. But the bank’s transportation and logistics research group also found carriers see shippers as being worried about tightening capacity later in 2012. "Spot rates are certainly off and we have slipped further down shippers' routing guides, but contract rate negotiations sill reflect shipper fears of tight capacity in the autu...

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