Conditions for small fleets deteriorating and it will get worse

Published by iTrucker at 22 May

Conditions for small fleets deteriorating and it will get worse

“For the freight market, 2019 has been shaping up to as a tug of war between the bulls and the bears. The large enterprise carriers that rely heavily on committed business (commonly referred to as “contract business”) have been enjoying a decent year, while the small carriers that are heavily exposed to the transactional spot market have been faced with a very tough market”. According to Craig Fuller, CEO at FreightWaves

Fuller also wrote – “Meanwhile, spot rates have dropped like a rock. From the June 2018 peak, trucking spot rates are down over 36 percent. Last year’s peak DAT national van rate hit $2.11 per mile and today sits at $1.36 per mile”.

Read full story HERE

Source and credits : freightwaves.com / Craig Fuller, CEO at FreightWaves

 

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