Trucking Capacity Won’t Open Up until Late 2021
The strong demand for spot loads and the lack of capacity has resulted in rates maintaining an elevated level. Spot rates were up YoY and MoM in March across van, reefer, and flatbed modes. Volatility and uncertainty have driven a trend toward shorter-term contracts. "We do not expect any noticeable easing of tight capacity until late this year”. Read more here.