[PDF] 2019 trucking spot rates

Looking back at 2019, which was when we experienced the last freight recession, trucking spot rates ranged from $1.91 to $2.54 per mile. While these ranges are the low and highs, the typical range during 2019 was closer to $2.00-2.20 per mile.
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  • What is the spot rate for trucking?

    A trucking spot rate refers to the current market price for a one-time freight shipment, also known as a spot market transaction. In an inflationary market, spot rates are typically higher than contract rates, where shippers and carriers negotiate a set price for a long-term commitment.

  • What is the average freight rate in 2019?

    The average marginal cost per mile incurred by motor carriers in 2019 decreased by 9.3% to $1.65. But that was still 6 cents per mile higher than during the last freight softening in 2016. In 2019, trucking costs contracted from $1.821 to $1.652. The cost per hour fell to $65.11 from $71.78 in last year's report.

  • What is freight contract and spot rates?

    A contract rate is a fixed price the carrier or 3PL agree on to move a shipper's freight over a set period of time. Additionally, it is typically the same type of freight each time. Most contracts average a duration of six months to a year. Spot Rates are for shippers without carrier contracts but have freight to move.
  • The broker-to-carrier spot rate is the rate paid by brokers to carriers and owner operators. These are the pay to truck rates paid by transportation brokers. These rates are not governed by a contract or long term agreement so they are spot rates negotiated on a day to day basis.
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