The Loadstar: Smaller US truckers forced out as haulage spot market hits ‘critical point’
The constant pain in the US trucking market is forcing more players out of the business and is spreading from owner-operators to larger outfits.
The constant pain in the US trucking market is forcing more players out of the business and is spreading from owner-operators to larger outfits.
It's no secret that 2023 has laid out a hard road for many in trucking, with large fleets in both Q1 and Q2 reporting collapsing revenues and profits, but one mega fleet CEO recently expressed surprise at just how well small and medium fleets have held up.
Truckload freight volumes fell last month and national benchmark spot rates for dry van and refrigerated loads retreated from their gains in June, reported DAT Freight & Analytics.
The popular medications are driving big revenue gains, but distributors say the specialized handling requirements eat into profit margins
As much as half of Yellow’s freight could go to carriers outside the top 10, analysts wrote in a research note.
Truckload freight volumes fell last month and national benchmark spot rates for dry van and refrigerated (“reefer”) loads retreated from their gains in June, reported DAT Freight & Analytics, which operates the industry’s largest online freight marketplace and DAT iQ data analytics service.
Truckload freight volumes fell last month and national benchmark spot rates for dry van and refrigerated (reefer) loads retreated from their gains in June, reported DAT Freight & Analytics.
The bad guys, as Brent Hutto of Truckstop likes to call them, have been active of late trying to steal money from hard-working truck drivers.
The pandemic is safely behind manufacturers, but the after-effects haven’t faded just yet.
Success in the ever-changing truckload market depends on having accurate, relevant, and timely rate data and analytics to help guide actions – so how do you find the right partner to procure that data?