More than 60 percent of owner-operators say their businesses are steady, with more than 10 percent saying freight and rates have improved.
Dry van rates jumped a dime from October to November while reefer rates recovered 6 cents during the same period, both due, in part, to seasonal holiday demand. Flatbed rates dropped 1 cent.
Dec. 7, 2011 diesel price averages
“A good reason to start a business is because you’re mad,” says Scott Bawcom of his four-year-old hotshot trucking business, Dream Time Transportation. In 2007, Nashville, Tenn.-based Bawcom bought a 1940s Ford coupe street rod in Dallas. The 700-mile haul to Nashville took weeks. He decided he could do better, and he did.
The business that he and his wife run is one of five selected to be featured in the Shipping Wars reality-TV series, premiering Jan. 10. It will have back-to-back episodes at 9 and 9:30 p.m. ET and PT and running every week thereafter. The show follows the A&E network’s success with Parking Wars, about Philadelphia towing companies, and Storage Wars, about the storage auction business.
Bawcom’s business has moved upward of 400 total loads since its launch in early 2008, more than half of them secured via the competitive online bidding marketplace uShip.com.
“It’s a great menu to get a customer base from,” he says. All of his regular direct customers he originally met via the site.
One insurance rep cites a likely 25 percent increase in premiums for ...