How stable are contract rates?
Chart of the week: Van Contract Rates, National Truck Freight Index (hauling costs less fuel above $1.20/gal) – US SONAR: VCRPM1.USA, NTIL12.USA Long-term (contracted) rates for dry truck freight (VCRPM1) have remained essentially stable over the past year, increasing about 1% since July 2024. Short-term spot rates (NTIL12), which are naturally more volatile, have increased…