Below is a rate forecast for the remainder of 2018 my friend Dr. Jason Miller at Michigan State has developed. It looks like rates dropped significantly in August 2018. Some of this drop could be attributed to the rush of imports beating the deadline for the first round of tariffs. Dr. Miller noted, "The decline in August spot rates was really pronounced. I think the one piece that isn't receiving enough attention is that we saw imports skyrocket in June (something like 8.4%
Getting quotes from heavy haulers is part art and part science. Which part is more important says quite a bit about the information you have to work with. Most brokers fall into the art category. I know I did when I was a freight broker. I had a short list of carriers I would call to get quotes for every heavy haul project that came my way. If the weight, dims, commodity, and lane were a good fit for my go to carriers, then my rates were pretty good. If the loads weren't
In July 2018 CarrierLists partnered wiht FreightWaves to conduct a survey to better understand rates and capacity in three main US ports. Capacity was extremely tight in all three markets. Long Beach had the most capacity (16%) for spot market loads along with the lowest drayage rates. It will be interesting to see how the drayage market reacts as we move past the spike in import traffic in June and July of this year to beat the first round of tariffs. The second round of ta
Teams are easy to find when you only need a single driver. They call on your load postings asking for a premium, because they will run your lane as a team. If they are actually a team or not is entirely another question for another time. When you do need a team though you usually can't find one. Whether it's a last minute load, or a hot quote you need to send off to your customer. If you have CarrierLists though you have a huge selection of teams to call. How to Search for
The more you work with the1.9m records in the FMCSA census file the more you realize that creating a database with 50% of the true for-hire capacity isn't a crazy unattainable goal. It can be done with as little as 25,000 carriers.
WHAT'S THE SIZE OF THE ENTIRE TRUCKING MARKET?
Let's break the trucking market down as short and simple as we can as listed in the FMCSA database: 1.9m companies with USDOT numbers operating 3.5m semi-trucks (private & for hire). 250k of these
WHY WE CREATED CARRIERLISTS We were tired of losing out on bids and loads, because we couldn't find the carriers who were running the equipment and lanes we needed.
YOUR ONLY OPTIONS UNTIL NOW HAVE BEEN: LOAD BOARDS: Work like a charm when carriers call you. If you’re forced to call carriers with posted trucks? Be prepared to go get a second mortgage! TMS: 80% are one and done carriers. 20% are inactive. By the time you wrangle a readable lane search from your TMS you’r
I recently had the pleasure of sitting down with Adam Robinson with Cerasis to discuss how transportation management data aids shippers, brokers & carriers to forge fact-based, transparent partnerships to aid in beating capacity crunches. You can listen to our discussion here. In this “The Freight Project Podcast” episode you’ll hear: How the access to more data in transportation management is allowing carriers & shippers to have fact-based conversation that are resulting in