Spot rates surge as capacity tightens ahead of Memorial Day
Record-breaking rates possible this week; all-time high seen at $3.68 a mile
The bigger story in trucking is the Supreme Court's decision on Montgomery v. Caribe Transport II, LLC
The case centered around a 2017 Illinois crash that left a driver with serious injuries
The ruling removes preemption defense for brokers; state laws now apply
Brokers must demonstrate due diligence when selecting carriers with safety ratings
1.2 million trucks operating without safety ratings pose significant risk to the industry
Capacity is expected to tighten further as Memorial Day approaches
The impact on freight rates will be significant, with spot rates already at $3.55 a mile
The Supreme Court's decision will have far-reaching implications for the trucking industry, forcing brokers to reevaluate their risk management strategies.
