rates

Rates up, volumes neutral to down year over year: The story so far in February for van, flatbed

With ELD proliferation constraining capacity in trucking and pushing up rates, there's evidence of some competition from rail/intermodal moderating volumes in van. Flatbed's generally volume-neutral compared to this time last year.

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‘100 percent OK’ to bring up detention before you get off the phone

'Don't leave money on the table,' redux -- that sentiment could increasingly include examinations of revenue and income per hour in your business' accounting and analysis to help determine effective detention rates in broker/shipper negotiations.

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Some mottling in recently intense spot market demand maps, as seasonal declines continue

Spot rates in many parts of the country are still above the peak prices from 2017, but van rates are starting to climb down from extreme heights of recent weeks, reefer rates at an even faster pace. At once, this is not a typical February.

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Rates continue to set records on the spot market, zoom up again in January

Per-mile rates on the spot market in all three major truckload segments gained again in January, according to monthly rates data from Truckstop.com. Reefer and dry van rates hit at least 7-year highs.

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Fuel prices, post-ELD pressure sustain elevated rate picture on spot market

Rising fuel costs, topping $3/gal. nationally in recent weeks, have added pressure on freight rates, slowing their seasonal decline a bit. But the bigger story remains a capacity crunch that’s put truckers in the driver's seat on rates, partly a result of proliferating ELDs.

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Profit — what this trucking thing is all about: A new, simple freight-bid calculator app

In the latest Overdrive Radio podcast, small fleet owner Scott Jordan intros the ICG ProfitCalc app for Android/iOS, a freight bidding app that allows users to input their own annual cost projections as a benchmark for load-by-load rate calculations to ensure a chosen profit margin.

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Mid-January freight slowdown materializes in vans, reefers, though rates remain elevated

Normal seasonal declines in load posting activity have been occurring at a much slower pace than the pace of marked increases "after the ELD mandate went into effect," says DAT's Matt Sullivan. "Prices are still very elevated in many parts of the country."

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Conditions ripe for driver pay hikes as tight market, tax cuts could force carriers’ hand

The corporate tax cut in the tax reform package delivers "real money," in the words of one FTR analyst, "so it’s a real opportunity" for driver pay growth. "I’d expect drivers will say ... 'OK, corporate America, this is what you asked for. Now it’s time to give back.'"

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Spot market demand indicators drop but remain favorable for truckers

Load post counts were on the rise last week, but truck posts rose even higher after the holidays. It was the first week the van load-to-truck ratio declined since the ELD mandate went into effect. Yet the ratio was still 10.7 van loads per truck, way above what’s been historically typical, for any time of year.

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‘Should have planned better’ only goes so far when road realities are at play

As so many owner-operators have noted in past, "planning better" will only get you so far when it comes to ELDs, a 14-hour rule with rigid ends and little opportunity to extend it or stop it for mid-period rest. Owner-operator Mark Kirbyson, in this latest edition of Overdrive Radio, concurs wholeheartedly.

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