Mid-Market & Small Shippers’ Guide to Contracted Truckload Rates

Report Overview

According to research by Flock Freight, North American businesses spend an estimated $7 billion on truckload (TL) freight that ships with unused trailer space every year.

That’s equivalent to five out of every 100 truckloads moving empty.

Furthermore, the average utilization of TL trailers is only 66%. That means ⅓ of all North American TL expenditure pays to ship air!

Flock Freight has found a solution to the industry’s empty-truck problem that unlocks a financial arbitrage. We call it “Instant Prebate”.

In this white paper guide, we’ll propose Flock Freight’s Instant Prebate program as an alternative to the standard TL RFP process.

We’ll also give mid-market and small shippers the strategies they need to start conducting smarter TL RFPs in a fluctuating spot market, while reducing costs, increasing service performance, and securing capacity.

Table of Contents

The current RFP process

• Focus areas
• How it works

Insight from Flock Freight's SVP of Sales, Justin Turner

Flock Freight's Instant Prebate program

• Limitations of the spot market
• How Instant Prebate works
• Pricing chart
• Corporate social responsibility

Other strategies in the TL freight playbook

What we learned when the tables turned in 2020

Cut your TL freight costs with the Instant Prebate program