Will we see double-digit rate increases in transportation in 2021?
October 9, 2020
(FreightWaves) One of the biggest questions surrounding transportation is how spot rates will affect next year’s contracts, as rates averaged 20% to 30% higher than 2019 over the past three months.
Tender rejection rates — the rate at which carriers reject electronically tendered load requests from shippers — have been a strong leading indicator in the past on what happens to contracted rates in the future. There are some (2020 buzzword alert) uncertainties that make forecasting the precise amount an interesting exercise.
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