Carriers Are Going Bankrupt
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Carrier Red flags
How much dedicated do they currently run?
If 50-90% of their business relies on the market, then this could be a red flag.
How long has the carrier been running dedicated?
If they are new to dedicated, will they continue to work with you when the market turns in their favor?
How many empty miles does the carrier run?
One-way freight without backhaul solutions can cut into the carrier’s operating costs.
How out of balance are their operational costs?
6.6% increase in trucking operational costs due to:
Razor-thin profit margins cause at-risk carriers to sacrifice safety improvements, customer service, and equipment upgrades.
How many shippers do they currently service?
Having a diversity of customers in a carrier’s portfolio ensures stability.
This update underscores the importance of carefully evaluating the health and resilience of your carrier partners, especially as operational costs continue to rise and market conditions remain uncertain. By focusing on key indicators such as a carrier's reliance on the market, diversity of shippers, and operational costs, shippers can better secure their supply chains against potential disruptions. As the industry navigates these turbulent times, strategic partnerships and informed decision-making will be crucial for maintaining stability and growth.
Secure your freight with Paper Transport. We’re with you all the way.