Small fleets

Small Fleet recap: The do’s and don’ts of partnering with brokerages

This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit on Wednesday.

FIRESIDE CHAT TOPIC: Brokerage and 3PL partnerships for owner-operators and small carriers.

DETAILS: Running your own truck or small fleet is all about risk versus reward. A key decision is how to evaluate partners to put the business on a path toward long-term profitability.

SPEAKERS: Drew Herpich, chief commercial officer of Transportation Insight and Nolan Transportation, and Kevin Hill, head of...

https://www.freightwaves.com/news/small-fleet-recap-the-dos-and-donts-of-partnering-with-brokerages

Rapid cost inflation hits small carriers and businesses harder

Chart of the Week:  ACT Research 3 Year Old Used Truck Prices, Van Contract Rate Per Mile Initial Report – USA  SONAR: UT3.USA, VCRPM1.USA

The cost of used 3-year-old Class 8 trucks (UT3) has increased 70% over the past year, according to ACT Research. The average rate per mile for contracted van freight (VCRPM1) has only risen 20% over the same time. The disparate rate of increase between costs of operating and the sell rate for truckload capacity will curtail small business growth in the long...

https://www.freightwaves.com/news/rapid-cost-inflation-hits-small-carriers-and-businesses-harder

EKA’s carrier TMS helps small and medium companies gain productivity, visibility

Shippers want versatile performers and top-notch carriers in their supply chains ⁠— a fact underscored by the last 20 months of capacity shortages. But nearly 80% of freight in the U.S. is hauled by carriers with fewer than 100 trucks ⁠— carriers that often couldn’t afford the technology that would help them look and act like larger carriers in the digital marketplace. 

Westech Logistics, a small trucking company in Oklahoma, launched four years ago as an oil field operation, but when that...

https://www.freightwaves.com/news/ekas-carrier-tms-helps-small-and-medium-companies-gain-productivity-visibility

Knight-Swift introduces services division for smaller carriers

Knight-Swift Transportation announced the launch of a services division targeting small trucking by offering the buying power and leverage normally enjoyed by larger carriers.

Iron Truck Services aims to give smaller fleets affordable access to services such as insurance, equipment maintenance, fuel purchasing, truck sales and rentals by leveraging the scale and infrastructure of Knight-Swift, one of the largest carriers in the U.S.

“Many small carriers have no choice but to pay retail prices for...

https://www.freightwaves.com/news/knight-swift-introduces-services-division-for-smaller-carriers

Small Fleet Summit: What to know before becoming an owner-operator

Experts chat about what they wish they had known before becoming owner-operators.

This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit.

FIRESIDE CHAT TOPIC: What I wish I knew before becoming an owner-operator

DETAILS: Entrepreneurship is a challenge in any industry, and creating your own trucking empire is not an easy task. Often it starts with that first truck. Former lease purchase owner-operator Wayne Cragg, who is on a bike ride for trucker health awareness, chats with Josue Ramos about the learning curve of becoming an owner-operator.

SPEAKER:

https://www.freightwaves.com/news/small-fleet-summit-what-to-know-before-becoming-an-owner-operator

Small Fleet Summit: Owner-operators get respect

Experts discuss how owner-operators and small fleets are getting the respect they deserve.

This fireside chat recap is from FreightWaves’ Small Fleet & Owner-Operator Summit.

FIRESIDE CHAT TOPIC: Why small fleets and owner-operators are finally getting respect

DETAILS: Prasad Gollapalli and Ben Schuchart discuss how much the economy relies on fleets of 20 trucks or fewer and independent owner-operators. They chat about how owner-operators’ persistence and response to the COVID-19 pandemic makes them worthy of respect. Keeping freight moving during a capacity crunch is no easy task.

SPEAK...

https://www.freightwaves.com/news/small-fleet-summit-owner-operators-get-respect

SmartHop gives small trucking companies seat at table — and above-market rates

Chasing rates from one load board to another can leave you exhausted before you’ve even hit the highway. For over-the-road truckers, the long haul begins as a mental endeavor, persistently browsing the spot market for the best tender available.

The process is even more arduous for smaller carriers and owner-operators, as rates tend to favor the larger players. Those that aren’t well-connected with top shippers and brokers find themselves settling for rates at the bottom of the barrel.

Sure,...

https://www.freightwaves.com/news/smarthop-gives-small-trucking-companies-seat-at-table-and-above-market-rates

Telematics keeps smaller carriers competitive for peak season

Trucks passing om the highway

Peak season is upon us. Amazon moved its annual Prime Day to Oct. 13 and 14 and is actively hiring 100,000 logistics and fulfillment workers. FedEx ramped up its seasonal hiring of 70,000 workers, 27% more than last year, while UPS is cushioning its workforce with the usual 100,000 seasonal employees. 

But in September, the Logistics Managers’ Index (LMI) revealed new lows for transportation capacity, especially for “downstream firms,” representing the consumer-facing businesses that are...

https://s29755.pcdn.co/news/telematics-keeps-smaller-carriers-competitive-for-peak-season

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