2022 Spot vs. Contract Survey

The 2022 version of the Spot vs. Contract survey is the sequel to the original 2019 edition.

The 2019 edition of the survey responded to freight market participants claiming that larger carriers with little exposure to the trucking spot market had little to be worried about with the collapse in spot rates that began in the second half of 2018. Mainstream thinking contended that contract rates were impervious to volatile swings in the spot market. Ultimately, however, the relationship was shown as contract rates declined in the second half of 2019.

The need for the survey was as apparent then as it is now. The spot market’s collapse has restarted the conversation and, as our survey will show, it is only a matter of time before shippers begin to take the necessary actions to begin clawing back the contract increases awarded just a few months ago.

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What's the SONAR ROI?

By increasing the number of loaded miles per day your drivers drive by 1% and your rate per mile by $0.03 you will make more per week #WithSONAR.

#WithSONAR you can save up to per week through better bid negotiations and more effective management of your routing guide.

#WithSonar you can add 1 more load per person each day and increase $5 margin per load, earning your company an extra per week.

Disclaimer: Every company’s circumstances are unique. Fixed and variable expenses, market conditions and operational factors vary. Unforeseen events may also affect results. Calculated potential results reflect the consensus expectation of FreightWaves’ experts. Actual results may vary.

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