Carriers have been rejecting more than one out of every five loads tendered under contract for more than a year now. Record demand and an inability to seat trucks with qualified drivers have been the main reasons. Spot rates have remained elevated over the same time frame. “The outlook isn’t overly surprising given the industry’s labour and equipment challenges, but another increase, following a large move higher in 2021, is likely to establish new highs for the industry.“
Oct 24 2024