Spot Freight economy
The spot market economy for freight has been “recovering” for much of the time. The latest catchphrases for the market critical to smaller fleets and owner-operators are “soft” according to the latest from the research.
A industry researcher, characterize the spot market economy as “soft”! Especially in two critical segments of freight-hauling: dry van and reefer. Broker-posted spot rates for both segments were down week-over-week, as was the load volume on the spot market. Further minor decreases in rates or volume would not necessarily indicate that the spot market is undergoing anything more significant than seasonal weakness.Read More