Does anyone know where the "Rate Index" comes from? Like the last thing brokers want to post is how much the freight is paying, so where is this info getting it from? Like where is the math for this coming from? I find the rate index on 2 of the load boards that I use to be false most of the time.
Yea I know just what you are saying. Rate index,, Market Reports,, Are only a guide line. and are always 3 to 6 months behind or are compared to last years rates. ,it,s kinda like a rule of thumb and as you know in the Trucking Industry everything is changing all the time ..Like. available trucks in the area,,, Preferred Lanes,,,, fuel prices.,,, small trucking company's taking any thing they can get and even the big boy,s that can do it for cheap... Makes it tough to get good rates.. Develop a personal relationship with your shippers/ brokers by being 1st class and then you can get the best rates the market report will never tell you about..
Oh buy the way I forgot to tell you the market report comes from the Federal Governmental Dept Of Market Indicators ..
