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Batts Quoted in Virtual-Strategy Magazone

TCP Partner Lana Batts was recently quoted in Virtual-Strategy Magazine about Internet Truckstop’s Trans4Cast. Batts said, “The ATA’s tonnage is primarily from contract rates and are usually tied to one-year contracts; Internet Truckstop’s data is spot market and tells us more what is happening now with supply and demand.” To read the full article, click here.

Carriers Getting Better Spot Market Rates

Lana Batts, TCP Partner, was recently quoted in an article by Logistics Management discussing the Transcore’s reports on spot market data in March. Batts discusses how the dips and falls in the market have impacted the spot market and that right now carriers “are getting better spot market rates than they are getting out of their contract rates.” Click here to read more about spot market trends.

Carriers Using More Brokers

Transport Topics cites a TCP report revealing a sharp increase in the number of motor carriers using brokers over the same month last year. This increase is attributed to the fact that the spot market pays higher than contract rates. Read more here.

Carriers Attracted to Spot Market Due to Higher Rates reports on the effect of spot market rates on broker usage. Citing TCP data from the past year, TCP partner Lana Batts states that “while some carriers might use brokers to increase freight, TCP believes that most of these carriers are attracted to the spot market due to higher rates.” Read the article here.