• ITVI.USA
    11,074.870
    63.600
    0.6%
  • OTRI.USA
    5.340
    0.050
    0.9%
  • OTVI.USA
    11,048.870
    52.590
    0.5%
  • TLT.USA
    2.580
    0.010
    0.4%
  • TSTOPVRPM.ATLPHL
    2.020
    0.120
    6.3%
  • TSTOPVRPM.CHIATL
    1.590
    0.110
    7.4%
  • TSTOPVRPM.DALLAX
    1.380
    -0.030
    -2.1%
  • TSTOPVRPM.LAXDAL
    1.930
    0.070
    3.8%
  • TSTOPVRPM.PHLCHI
    1.140
    0.040
    3.6%
  • TSTOPVRPM.LAXSEA
    2.390
    0.030
    1.3%
  • WAIT.USA
    120.000
    -19.000
    -13.7%
  • ITVI.USA
    11,074.870
    63.600
    0.6%
  • OTRI.USA
    5.340
    0.050
    0.9%
  • OTVI.USA
    11,048.870
    52.590
    0.5%
  • TLT.USA
    2.580
    0.010
    0.4%
  • TSTOPVRPM.ATLPHL
    2.020
    0.120
    6.3%
  • TSTOPVRPM.CHIATL
    1.590
    0.110
    7.4%
  • TSTOPVRPM.DALLAX
    1.380
    -0.030
    -2.1%
  • TSTOPVRPM.LAXDAL
    1.930
    0.070
    3.8%
  • TSTOPVRPM.PHLCHI
    1.140
    0.040
    3.6%
  • TSTOPVRPM.LAXSEA
    2.390
    0.030
    1.3%
  • WAIT.USA
    120.000
    -19.000
    -13.7%
NewsTrucking

Trucking markets: Are carriers capitulating?

There are a couple of ways for a transportation company to play the freight market ‘after the peak,’ depending on the customer portfolio. 

Carriers and brokers with business concentrated in food and beverage – commodities enjoying a period of extraordinary demand – might be tempted to raise rates on their customers to protect themselves against unpredictable spot markets and purchased transportation costs. 

On the other hand, a defensive play would be to communicate with customers and try to lower or maintain rates where possible to hold on to contracted freight in the anticipation of asset-based carriers lowering their rates as they begin to manage for asset utilization rather than yield.

Transportation companies are placing their bets on a customer-by-customer basis according to what their business relationships will bear and their projections about freight markets, but we heard from multiple sources this week that small carriers hauling spot freight are beginning to capitulate on rates (see our ‘Rates’ section below).

For us, it’s an early signal that capacity may loosen and drive down rates even for the most defensive food and beverage and consumer staple freight as carriers try to keep their trucks moving.

Read the full report, offered free today, here.

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John Paul Hampstead, Director, Passport Research

John Paul conducts research on multimodal freight markets and holds a Ph.D. in English literature from the University of Michigan. Prior to building a research team at FreightWaves, JP spent two years on the editorial side covering trucking markets, freight brokerage, and M&A.

3 Comments

  1. No time for blow bla about market.This is time to save life.Broker over me Teksas-Montana 1300m…40.000p..wather..1200$…Way government ghive monay???Georgia-NY 2$ per mile.STOP BROKERS and stupid accuse way load its cheap.Truck drivers stay whiteout food ,can not protecting himself. Shame on you.STOP

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