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As spot prices drop, shippers look to curb US truck rates

Feb 17, 2016 at 11:28 AM CST

As U.S. domestic freight volumes soften, truckload spot rates are sliding and shippers, pressed to lower transportation costs, are looking for ways to bring contract rates lower.

According to BB&T Capital Markets, some shippers are pulling down rates in contract talks by turning to third-party logistics providers, while rethinking how they ship lane by lane.