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Go short: Study says annual rebidding of truckload contracts will save shippers money over multiyear agreements

from DC Velocity

Since the recession hit, truckload carriers have tried to push their shippers into one-year contracts rather than locking them in for two, three, or more years at a time. For the carriers, the reasoning was simple. With their costs rapidly escalating, they wanted the flexibility to change rates and contract terms on short notice and not be saddled with static multiyear pricing that lagged behind their dynamic expense structures. But short-term contracts might not just benefit the carriers. more

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