What is it?
The average base rate (no fuel or accessorial charges) of mostly contracted freight volumes reported on a 14-day (Initial, 1) and (Final, F) lag on a national level. They are segmented into van, reefer, intermodal, and Less-than-Truckload (LTL) modes. Van, reefer, and intermodal rates are expressed in a rate per mile, while LTL rates are expressed in a revenue per hundredweight (CWT) format.
For each length of haul, there is one ticker for the initial report, which takes place within 14 days of the freight movement. Not all of the data is reported within 14 days of shipping, so the initial ticker has less shipments compared to the final ticker.(“Final/F” tickers).
- Van initial (2-week lag) – VCRPM1.USA
- Van final (8-week lag) – VCRPMF.USA
- Reefer initial (2-week lag) – RCRPM1.USA
- Reefer final (4-week lag) – RCRPMF.USA
- Intermodal initial (2-week lag)– IMCRPM1.USA
- Intermodal final (4-week lag) – IMCRPMF.USA
- LTL initial (2-week lag)– LCWT1.USA
- LTL final (6-week lag) – LCWTF.USA
Who is interested?
Pricing Analysts, Industry experts, Transportation executives, Transportation Managers
What does it tell me?
Average contract rates show trends developing in long-term pricing agreements. Unlike the spot market, contracted agreements have a longer cycle and are typically negotiated on an annual basis. While the spot market tends to lead changes in the contracted realm, it can be difficult to see when and by how much these rates change in reaction to daily market fluctuations over time.
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