The answer to this question is a majority no according to this article in the CCJ. It's looking like a lot of freight is being moved on the spot market, at markedly higher rates.
Usually when spot market prices rise, contract prices follow - question is, how much will contract prices rise? 5%? 10%? Who knows... History says they will.
Produce season has had a significant impact this year, however with the looming ELD mandate on the horizon and the expected loss of production - produce season type capacity crunches could stay a part of our reality for the foreseeable future.
It is going to be more important than ever for customers to find reliable asset based trucking companies to lock in reasonable contract truckload rates in the near future.
On the other hand, this will be the moment of truth for trucking companies in Alabama.. In my opinion, the asset based carriers that follow through with their commitments in 2017-18 will have a significant advantage for the next 5 years.
If you haven't found a reliable one yet, check us out!