Trucking companies received the highest truckload rates from freight brokers and other intermediaries in 24% of routes in the U.S. throughout the second quarter, according to a report by TransCore.
The report, "Spot Market Rates vs. Contract Rates," is the first of a series showing the dynamics of the spot market, examining the influences of seasonal and regional demand on pricing for truckload and less-than-truckload freight transportation.
The report highlights the ten Midwestern states accounting for nearly half of the higher paying routes, and the shift in May through June to 10 states in the Southeast. In April the average difference between spot and contract rates on the higher paying lanes was 19 cents per mile. By June that figure had risen to 24 cents per mile.
The report also includes the top 10 van markets from April through June.
The data was taken from the company's Truckload Rate Index and is based on $5 billion of actual invoices updated daily for vans, reefers, and flatbeds across the United States and Canada.
For more information: www.transcorefreightsolutions.com
The report, "Spot Market Rates vs. Contract Rates," is the first of a series showing the dynamics of the spot market, examining the influences of seasonal and regional demand on pricing for truckload and less-than-truckload freight transportation.
The report highlights the ten Midwestern states accounting for nearly half of the higher paying routes, and the shift in May through June to 10 states in the Southeast. In April the average difference between spot and contract rates on the higher paying lanes was 19 cents per mile. By June that figure had risen to 24 cents per mile.
The report also includes the top 10 van markets from April through June.
The data was taken from the company's Truckload Rate Index and is based on $5 billion of actual invoices updated daily for vans, reefers, and flatbeds across the United States and Canada.
For more information: www.transcorefreightsolutions.com
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