Contract vs. Spot Rates

When it comes to freight, there are two primary ways in which shippers and carriers negotiate pricing: contract rates and spot rates. And, anyone who’s been involved in the trucking industry over the last few years knows that COVID created a highly volatile rate market for shippers around the world.   So, what exactly are … Read more

Are Small Fleets Disappearing?

    Data from FMCSA and others suggest that over the last 14 months, more than 50,000 fleets have stopped operating and around 510,000 drivers have left the industry. Others say that the driver shortage is not real—instead, the number of “small” fleets, which account for roughly 85% of the market, are actually growing in … Read more