Home > Tools > News > Carriers Cry Foul On Brokers As COVID 19 Stall Erodes Spot Market Rates

Carriers cry foul on brokers as COVID-19 stall erodes spot market rates

‹ › ×

May 07, 2020 at 09:55 AM CST
For Northeast Transport, out of Crawford, Maine, business was strong at the start of the COVID-19 outbreak. The 35-truck fleet rode the early, albeit brief, uptick in reefer freight, but “as the shutdowns increased, the amount of available freight on the spot market had diminished,” said Rob Bisset, Northeast’s director of sales and logistics. When freight demand fell off a cliff, rates went with it.

May 07, 2020 at 09:55 AM CST

For Northeast Transport, out of Crawford, Maine, business was strong at the start of the COVID-19 outbreak. The 35-truck fleet rode the early, albeit brief, uptick in reefer freight, but “as the shutdowns increased, the amount of available freight on the spot market had diminished,” said Rob Bisset, Northeast’s director of sales and logistics. When freight demand fell off a cliff, rates went with it.