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The receipt for 2020 - what the truck?!? [newsletter]
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Welcome to the WHAT THE TRUCK?!? newsletter sponsored by Legend Transportation Inc. In this issue 3,140 fleet failures, woeful state of yard management, spot rates back on the move,
crash-causing koalas, robot chefs and more. RUN, SPOT, RUN PLUS FOUR — After slumping for most of ’21, the spot market has finally turned things around this week with a modest 4-cent gain
elevating it to $2.75 a mile, inclusive of fuel. While we’re still a ways away from Jan. 3’s peak of $3.22 a mile, the outlook remains solid. CONTRACT COSTS UP — As Zach Strickland reported
in his chart of the week, shippers spent 12% more per mile for dry van truckloads on average through most of the fourth quarter of 2020 than they did in 2019. This is even more significant
when you take into account that most freight moves via contract and less than 15% of the overall for-hire van truckload market in an average year is via spot. OVER 3,000 FLEET FAILURES IN
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