PORTLAND, Ore. — A special report from TransCore indicates that broker rates exceeded those paid by shippers in 24% of US lanes in the second quarter.
The report, Spot Market Rates vs Contract Rates, was based on TransCore’s Truckload Rate Index derived from $5 billion in actual invoices, updated daily for van, reefer and flatdeck loads across the US and Canada.
The report found the 10 midwestern states accounted for nearly half the higher paying routes and in May through June, southeastern states joined the trend. In April, the average difference between spot and contract rates on the higher paying lanes was 19 cents/mile, rising to 24 cents/mile in June, TransCore reports.
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