Spot rates outlook bleak for 2019, AOBRD to ELD change likely to have minimal impact on freight rates
“Per-mile rates on the spot market are forecasted to decline 7 percent in 2019 compared to 2018, according to analysts at freight research group FTR, as freight growth has stalled and market conditions have softened over the past 8 months.”- According to the article in overdriveonline.com and its author James Jaillet
“Also, don’t expect the looming compliance date of the full ELD mandate — Dec. 16, when drivers are required to have fully compliant ELDs, rather than the less sophisticated AOBRD systems — to have the same impact on capacity and rates as the original ELD hurdle in December 2017.”- Jaillet also wrote in his article.
Read the full story HERE
Source and credits: overdriveonline.com / James Jaillet