Published February 8, 2022
Transportation is by far the most expensive part of logistics, accounting for up to 70% of a company’s total logistics costs. As truckload (TL) and less-than-truckload (LTL) service rates increase, companies are assessing their overall logistics expenses and seeking ways to cut transportation costs.
Since 2019, spot rates for dry van, flatbed and refrigerated trucks have increased on average by 57%, 46% and 50%, according to DAT Freight & Analytics. Some lane rates that experienced higher demands with less truck availability have increased as much as 150% within the last two years.