The Market and You!

What percentage did new contract rates decrease?

• 7-11%

• 12-16%

• 17-21%

• 22-26%

What did Noel Perry identify as the biggest challenge for carriers?

• Weather

• Backups in the ports

• Decreased volume

• Increased operating expenses

How much inflation did carriers experience in their costs?

• 20%

• 30%

• 40%

• 50%

According to Croke, what is one thing shippers did differently in 2022?

• Consolidated freight

• Expanded operating hours

• Decreased work force

• Added tractors

When did contract rates start to dip in 2022?

• March

• May

• August

• December

What are shippers and carriers both realizing are important coming into 2023?

• Relationships

• Volume

• Spot Rates

• Contract Rates