With tender rejections at record highs, shippers are seeing contract rates follow the upward momentum of spot pricing in the US trucking market.
For their part, operators have been spending more on driver recruitment and retention, as the shortage is keeping a lid on capacity expansion.
In October, shipments climbed 0.3% from September, to end 2.4% higher year on year, according to the CASS Freight Index for the month, marking the highest …
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Source: The Loadstar
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