We asked trucking leader @A. Duie Pyle for some thoughts about what the industry can expect this year. And they delivered! https://loom.ly/QQ8vxKU
Heavy Duty Trucking’s Post
More Relevant Posts
-
Inbound Logistics’ 2024 Trucking Perspective report highlights insights from truckers and shippers to create a comprehensive look at the state of the transportation industry. The report includes common transportation services offered by carriers, industries served, certifications held by drivers, and challenges that are fueling innovation and emphasizing the importance of adaptation and strategic planning. Read more: https://hubs.la/Q02QWhBv0
-
On this #freightfriday I'm thinking about US trucking rates. The last statement in this story aligns with my POV that the most optimal sourcing window likely closed “From a shipper perspective, if you’re looking for cost savings, that time has largely passed.”
-
The overcapacity in Trucking can be partly attributed to the flood of equipment entering (and re-entering) the market. Many short-sighted decisions to chase the unnatural COVID-era rates may finally be working itself out of the market in 2025-2026. Used truck inventory should continue to grow as companies dispose of unsustainably priced equipment acquired during the rush, resulting in excess inventory in Used Truck divisions of larger leasing companies and stand-alone dealerships. M&A's may also continue to be popular as companies explore options to sell off parts (or all) of their business instead of filing for bankruptcy. The formula for a more stable market is coming together, but the result is still hazy. “Despite greater optimism over the outlook, more carriers expressed an intent to leave the business than in our prior survey,” said Lee Klaskow, senior freight transportation and logistics analyst at Bloomberg Intelligence. “An acceleration in carrier exits could speed up the market’s return to equilibrium and provide a better backdrop for rates next year.”
-
🚚 The #TruckingIndustry is steering toward stability. In ee2opens Jacob Fauce's feature with Transport Topics, he breaks down how steady #RetailDemand and #GlobalShipping are helping balance the market after massive disruptions. Check out the full article to see how trucking is finding its groove!
-
Every dollar matters right now in the freight market as the U.S. trucking industry is looking at more “doldrums” through the end of the year, according to this story from The Loadstar: https://lnkd.in/g9_3DsFU The question is: How do you know you’re quoting or paying fair market value for freight? The answer: Through transparent freight pricing data from Farelanes LLC. Traditionally, knowing the fair pricing of any given lane has been tough. Now you can know THE price rather than just A price through our real-time data feeds. Get started here: https://lnkd.in/gtvbBhMQ #pricing #data #transporation #supplychain #logistics #freight #cargo #shipping
-
Spot freight rates are a bargain today for many shippers; but when truckload and LTL demand bounces back you may find yourselves without affordable trucking options. Learn more: https://lnkd.in/gk7jk6Ai #freightrates #trucking #shippers #truckload #ltl #transportationmanagement
