Daily Tip: Initial and Final Contract Rates

Ashley McAvoyDaily Tips

Did you know? Contracted rates account for roughly 80%-85% of all dry van truckload moves throughout the year. Each day we’ll send you a daily tip designed to guide you to become a SONAR expert. If you have any questions, please contact your Customer Success Representative or email the team at [email protected] Initial and Final Contract Rates are a seven-day … Read More

Contract Loads Accepted Volumes (CLAV)

FreightWaves Customer SuccessMarket Volume Insights

What is it? An index that measures accepted load volumes moving under contracted agreements. It is an index of accepted load tenders. It is similar to the Outbound Tender Volume Index (OTVI), but removes all the rejected tenders.  Who is interested? Anyone that is interested in freight demand and measuring contracted freight volumes.  What does it tell me? CLAV tells … Read More

Spot (linehaul) to contract rate spread (RATES, RATES12, RATES20)

FreightWaves Customer SuccessFreightWaves National Indices

What is it? The difference between spot and contract dry van rates at a national level excluding estimated fuel costs. It is based on the National Trucking Index less the cost of fuel at various levels (NTIL, NTIL12, NTIL20) and FreightWaves van contract rate data initial report (VCRPM1), which is a  lagging index (14-day lag). The rate spreads are offered … Read More