The majority of capacity in today’s truckload marketplace comes from a fragmented base of carriers. Handling so many carrier relationships internally can be cost prohibitive. It doesn’t make sense to manage 50 relationships when you’re shipping in only a few lanes. It’s kind of a double-edged sword though because without a lot of carrier relationships, [...]
Top Way to Make Freight Attractive: Reduce Detention Transportation prices fluctuate with supply and demand. When equipment is scarce, increase load acceptance by fixing carriers’ most-hated issue: detention. In the “perfect market” of transportation, no single carrier and no single shipper control enough of the market to influence pricing. That makes things challenging as the [...]
Transportation has been referred to as a “perfect market,” meaning no single party controls the entire market enough to affect rates. Instead, the market fluctuates based on supply and demand. If supply (equipment) is abundant and there is less freight available, rates go down; if capacity is tight and shipment volumes are greater, prices go [...]
This year I feel it is still just as important to declare my continued appreciation for the 3.5 million men and women who drive trucks.