The time of year can drastically alter your freight rates. Since supply and demand is key, at a time of year when demand is down, rates are generally cheaper. This is especially true in the construction arena, and, especially in areas where the weather is cold in the winter. For example, in Chicago, during peak construction season, every construction truck is running hard, six days a week. But, in the winter time, most of them are parked. So, if you have a mountain of sand that you need to move, January would be a great time to negotiate a good rate to have it done. Read more »
As most of you know, the trucking industry went through a tough time during the winter of 2008/2009. As of this date (3/26/09) truck tonnage is on the way up and is expected to keep rising throughout the quarter. In the big picture, freight volumes have gone up considerably in the past sixteen years according to the Bureau of Transportation Statistics, and are expected to continue, despite the recent lull. Read more »
Freight rates can and do change from week to week. Just like the stock market and real estate, freight rates vary according to supply an demand. In 2008, more trucks left the industry than any other year in history. More trucking companies have gone out of business in previous years, but never before have several huge companies gone down like in 2008. Although freight volumes are down now, this smaller number of available trucks is very likely to be an important factor later in the year when freight volumes pick up, which most experts agree should happen in the second quarter of 2009 (next month). Read more »
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