December 20, 2021
In the Media
CTL Executive Director Chris Caplice was recently interviewed by the Wall Street Journal on current freight trends. Last month, the average contract rate for freight hit a record $2.51 per mile. Such tight trucking capacity is prompting companies to continue their current contracts with carriers to avoid competition on the open market bidding for new transportation.
“If you go out to bid, you can expect your rates will be 10% to 15% higher, on average,” he said.