Contract Rates Skyrocket: Why 50 Cents/Mile is Just the Start

AI Summary

Contract freight rates are expected to increase by up to 50 cents a mile, according to Sonar data. The gap between spot and contract rates is reaching historic highs due to compliance crackdowns, steady diesel prices, and broad industrial recovery, signaling a major market shift.

SummaryView Transcript Contract rates could jump by as much as 50 cents a mile, according to Sonar data. We dive deep into why the spread between spot and contract rates is at historic highs, signaling a significant shift in the freight market. Learn how compliance crackdowns, stable diesel prices, and broad industrial recovery are driving […] The post Contract Rates Skyrocket: Why 50 Cents/Mile is Just the Start appeared first on FreightWaves.