If supply falls further and peak season brings a bump there will be ‘an opportunity for rate recovery. Even possibly robust fourth quarter’ of 2023. The trucking sector is likely to see a measured recovery from its current downturn rather than a quick snap back. Spot rates have been flat—and “scraping the bottom”—for nearly two months. Showing that there will be no V-shaped freight recovery in 2023.Read More
Parts availability and prices are among the biggest problems facing independent drivers. Inflation is pushing owner-operators to readjust routes and loads. With economic pressures including record inflation, still-high diesel prices, and volatile freight markets hurting the bottom line of even the largest carriers, owner-operators are having to stay on their toes as they navigate the winding roads of an uncertain second quarter. Most of the owner-operators have booked shorter routes due to rising costs while the rest have looked for lighter loads.Read More
Fleet Advantage latest benchmarking survey details fleets’ growing focus on environmental goals. The latest industry benchmarking survey from Fleet Advantage shows a growing number of carriers plan to deploy alternative-fuel vehicles sooner than later. The report also indicates that maintenance and repair trends remain top of mind and that fleets are focusing more on modernizing their assets and shortening vehicle life cycles to meet various environmental, social, and governance goals. Read More
Preliminary numbers from ACT Research show net orders defying expectations of a slowdown for the month. Preliminary numbers of data from trucking data aggregator shows net trailer orders continued to soar in November, with 39,000 orders for trailers during the month. “We expected net orders to slow in November, after October’s net order explosion,” Jennifer McNealy said. She added that nearly as soon as a build slot is available, there is a fleet ready to fill it with an order. Final November results from ACT will be available later this month.Read More
In 2022, as shippers and their trucker partners struggled without Logistics service. Consumers are spending. Inflation feeds fears of a recession. Spot trucking rates have fallen, but contract rates remain high. Fuel prices have dropped a good deal since mid-year. Both shippers and truckers are feeling their way through this new environment. They are trying to keep operations profitable while planning for a future. One trend our market research survey reveals is that while trucking capacity is somewhat more available than it was a year ago, that hasn’t reduced the cost of shipping freight by truck.
A conviction is slowly growing among shippers that they need to maintain strong relationships with both their carriers and third-party intermediaries. Twenty-nine percent of shippers consider the shipper-carrier relationship most important. Some carriers are seeking to secure more capacity for their customers while also bolstering the bottom line with an additional revenue stream. In 2021, the two biggest challenges for shippers were reducing transport cost and finding capacity. That’s true in 2022 as well, although the emphasis has shifted a bit. Full truckload (TL) remains the most ubiquitous form of trucking service: 85% of our survey respondents stand ready to haul a trailer filled with product. If you have a smaller load, 65% of trucking companies in the survey can offer less-than-truckload (LTL) service. Seventy-one percent can promise reliable capacity through dedicated contract carriage. If you need a partner that can move your loads on other truckers’ assets as well as its own. You might contact the 78% of respondents that provide logistics services or the 73% that serve as transportation brokers.
WE UNDERSTAND HOW IMPORTANT RELIABILITY, AFFORDABILITY AND ACCURACY ARE WHEN IT COMES TO SHIPPING YOUR FREIGHT.
Our professional team has proven track record of providing exactly that.
By choosing BULTRANS you ensure you have a truck showing up on time with professional and safe driver behind the wheel who will deliver you cargo anywhere in the country.
Do not hesitate to reach us via email: contact@bultransllc.com or feel free to call us at: (281)688-4266