In anticipation of a tighter truck freight market in 2025, some shippers have started making contract adjustments as pricing power begins to shift to carriers.
“We’re actually seeing price appreciation in contract rates as the spread between spot and contract is increasing,” said Ryan Grote, supply chain solution analyst at FreightWaves.
“Roughly 70% of freight moves under contract, and the fact that we’re already seeing those prices start to appreciate I think is another signal that the bottom of the recession is in the past, and we’re now in a tightening cycle.”
In fact, he said, “some shippers experiencing service degradation are already having to put out mini-bids and reprice some of their freight.”
