Trucking rates at 2017 levels

Trucking spot rates are back to where they were in 2017. However, carrier costs aren’t yet. Especially maintenance and wage costs continue to grow.

Even though carrier revenues don’t have a correlation with spot rates, they give general insights. 

A numerous amount of carriers expanded their fleet to utilize freight. However, if rates and volumes fall back, it is hard for carriers to flex back down.

Read more about spot rates on FreightWaves.