The freight market is going through a shake-up, and if you’re a small carrier, you are feeling it. Rates aren’t what they were even a month ago, and the numbers don’t lie — spot and contract rates are trending downward, rejection rates are staying low, and overall freight volume is slipping.Freight demand overall is down 6.5% month over month, and fuel costs have risen 6 cents per gallon over the same period. That means not only are there fewer loads available, but the cost to run those loads...
Adam’s Insights
Actualización del mercado de pequeños transportistas: la subida lenta y constante del mercado de flete hacia el ajuste
Si eres un pequeño transportista, es probable que te preguntes qué pasó con el cambio en el mercado: la palabra clave aquí es gradual. Si bien muchas de las señales apuntan a un mercado de carga endurecedor, la realidad es que el camino de regreso a un ciclo equilibrado de suministro y demanda se...
Small carrier market update: The freight market’s slow, steady climb toward tightening
If you’re a small carrier, you’re likely wondering what happened to the shift in the market — the key word here is gradual. While many of the signals point to a tightening freight market, the reality is that the road back to a balanced supply-and-demand cycle is moving at a slow crawl rather than a sprint.
According to recent public carrier earnings reports, we’re not yet at a full-scale market correction. As FreightWaves’ JP Hampstead pointed out, progress in tightening capacity and rising...