Customers often ask why do spot rates change daily? A spot rate is the price a freight service provider offers a shipper at a given point in time to move goods from point A to point B. Trucking spot rates are market-driven by the law of supply and demand. They are volatile and vary from market to market, and change daily, as well as at various times throughout the day – just as the most famous spot market, the stock market is constantly changing. These continual imbalances in trucking spot rates are caused by hundreds if not thousands of variables, including weather events, missed deliveries by trucks, rush shipments, large shippers in a market lowering freight volumes and seasonal fluctuations like produce seasons.
Take the worry out of finding the best rates and let KASS Logistics handle your transportation needs! Call us today for a free estimate at 570-788-KASS.