Most freight analysts expect the recovery that began in the latter half of 2020 will continue through the first half of 2021, and possibly last all year.
Forecasting firm FTR predicts contract and spot rates will increase by 10% this year. Similarly, data analysis leads Michigan State University Associate Professor of Logistics Jason Miller to say truckload contract prices in 2021 will rise by 8% relative to early 2020 levels.
