Journal of Commerce--Truckload spot rates are "flattening out" heading into the fall after rising sharply in the second quarter, according to a trucking industry executive, but longer-term contract rates are likely on their way up.

John Steele, executive vice president and chief financial officer at Werner Enterprises, said the contract rates that make up a larger share of the truckload carrier's business will rise in coming months as stronger demand bumps up against tight capacity in the market.
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