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“We now have fewer trucks on the road because of the bankruptcies and capacity exits,” Woodrow said. “We will exit the freight recession in Q3 and rates will go up in the back end of the third quarter,” he added. “I think the holiday season will be interesting in terms of freigh...
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TransCore, which analyzes spot rates versus contract rates, has discovered a shift in freight buying habits that could be a harbinger of this predicted, future rate environment. Usually, the spot market rates are about 15 percent lower than contract rates. But this year, according to Trans-...
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