Spot market rate decreases may indicate your fleet should revisit accounting practices
Carriers should be prepared to reevaluate profitability on every lane their trucks take amid dropping spot rates. Spot market rates have dropped approximately 14% since January and the era of Covid where consumers relied on physical goods is falling to the wayside.
From an accounting perspective, load rates need to be tied to the activities that move them specifically, not just historical data anymore. Resource allocation can be the key to profitability during a falling spot rate market.