As of September 22, new trucking contract rates have increased by 1%, suggesting potential recovery from a two-year freight recession, according to DAT Freight & Analytics. This “new rate differential” has occasionally shown positive trends in the past year. Analysts and executives note improving market conditions, though challenges persist, including inflation and legal risks. Werner Enterprises’ CEO emphasized the need for rising rates amid changing economic factors. However, spot rates remain lower than contract rates, indicating ongoing market softness.

Source: https://www.supplychaindive.com/news/trucking-contract-rate-differential-replacement-positive/729604/