Yeah, I suppose that's fair. I don't currently run any contract freight, so I never really know how well contract rates on these rate averages hold up against the actual contract rates.
Spot market volumes bounce back to pre-Thanksgiving volume, and then some
Discussion in 'Freight Broker Forum' started by Scooter Jones, Dec 8, 2020.
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I know this is going to sound harsh, but don't let that distract from the point. Factoring companies are for trucking companies that are limited on funds. That information comes from the bottom.
There are many many shippers that pay $3-$4 per mile. Those "lanes" at $2.25 per mile from DAT and Truckstop is broker's cutting down the cash strap trucking company that needs a factoring company to keep up with cash flow that pay there driver's 45-50 cents per mile. -
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Last edited: Dec 9, 2020
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I think we'll see those rates starting to trend down starting next week. I'm seeing shippers forcing rates down now in California, and a quick search on DAT for available trucks yesterday (Tuesday) in Sacramento showed over 700 trucks looking for loads. That's the highest I've seen in since last year. My northbound loads the last 2 weeks are about 20% less than the previous weeks. My contract southbound rates have remained the same.
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I tend to find that DAT is much more accurate for major market to major market 1 pick 1 drop lanes. It gets worse when you deviate from that, and also is tends to lowball short mile rates. It also will lag behind in a shifting market (if you are relying on DAT rates out of Florida in May during a normal produce season, you are going to get burned when the market flips). It's not a perfect system but it is definitely useful.
We don't currently subscribe to SONAR, but I really like it and would love if we started using it. It's so much easier to send data to a customer supporting challenges in the market place when sending trendlines around outbound tender volume and tender rejection, instead of sending them a RPM trendline that might not even match up with what is being charged on the lane.Dale thompson, rollin coal, PPDCT and 1 other person Thank this. -
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