Spot market
Particularly in the last five months, the spot market where owner-operators and many smaller carriers find and price loads to haul has been on a road to recovery after a time when the spot market struggled, load board observers say.
Trucking industry experts and load board operators these days describe the spot market for freight as “seasonal” and “returning to normal” and “recovering” in the new year after it surged in 2021 but slumped for much of last year. The spot market is normalizing—it has been really for the last five months. Even though demand is relatively flat, we’ve got more trucks than loads, and that’s why rates will continue to go down through the first quarter.Read More