Survey asks who’s hauling cheap freight

Who is hauling cheap freight?

A recent survey by industry publication Overdrive looked into a question that is common among owner-operators: “Who is really hauling all the cheap freight?” The survey considered loads that are on the edge of or below a carrier’s profitability level. Asked if they ever hauled a load that lost money, a majority of the nearly 600 respondents said they had, while 38% said they had not.

Looking at reasons for taking unprofitable loads, most respondents fell into either...

https://www.freightwaves.com/news/survey-asks-whos-hauling-cheap-freight

Crisis cash: Leasebacks could help struggling fleets stay solvent

Row of used trucks

The worsening economic crisis is creating an opportunity for Fleet Advantage. The data-driven seller of new and used trucks is offering to cash out a fleet’s excess trucks at book value in exchange for a lease that could lead to a new truck sale later.

As the COVID-19 pandemic ravages business, Fort Lauderdale, Florida-based Fleet Advantage is first targeting customers that provide the data the company uses to monitor fuel, maintenance and total cost of operation (TCO).

“This is really a terrible...

https://s29755.pcdn.co/news/crisis-cash-leasebacks-could-help-struggling-fleets-stay-solvent