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Volatile markets here to stay: How shippers can mitigate further impact | Hellenic Shipping News Worldwide

The tables have drastically turned since last spring when the economic shutdowns led to a drop in demand, causing truckload rates to plummet to under $1 dollar per mile. For the past year, transportation costs for shippers have spiked, as spot market rates are well above $3 per mile, causing contract rates to rise as .

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