Why do carrier rates increase at the start of the year?
Carrier rates typically increase at the start of the year due to various factors such as inflation, rising operational costs, fuel price fluctuations, changes in government regulations, and increased demand for shipping services. These rate adjustments are common across the transportation and logistics industry
How much can we expect carrier rates to increase at the beginning of the year?
On average, carrier rates tend to increase between 5-7 percent at the start of each year. The exact percentage may vary depending on several factors, including the specific carrier, market conditions, and the type of transportation services required.
How often do carrier rates typically increase throughout the year?
Carrier rates can fluctuate throughout the year based on various factors such as market conditions, fuel prices, and regulatory changes. While rate increases at the beginning of the year are common, carriers may also adjust their rates periodically to reflect changes in operating costs and other relevant factors