Tech is Slow but Steadily Driving Efficiencies

“The spot market is no longer viewed only as a last resort by carriers, shippers, and brokers. Instead, users view the market as more of a planning tool. Over half of the transactions are based on loads or empties posted one or more days in advance. Historically, the majority of transactions were last minute loads posted by a shipper or a broker that needed to move right away, or capacity posted by a carrier that had exhausted all other options for finding a backhaul load. Interestingly, more than 80% of capacity posted today relates to repositioning loads or head-haul loads…”

Read the rest of Stifel’s Q&A takeaways with CEO Paris Cole.

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