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PROGNOSIS * USA - Trucking market shifts into its next cycle
After a truly bumpy road for the past 18 months, the trucking market has bottomed and is seeing signs of increased demand. Now, freight buyers should prepare for carriers to start looking to make back some of the rate they lost
Oak Brook,IL,USA -Purchasing, by David Hannon -19 Nov 2009: -- By nearly all accounts 2009 was an unprecedented year for the trucking industry. With demand crashing and shippers being pressured by costs at all turns, there was a record amount of bidding and re-bidding of less-than-truckload and truckload contracts. Some carriers chose to bid low and grab market share at the expense of margins. Others focused on maintaining margins and losing volume, while others just plain couldn't keep up and closed their doors... But in recent weeks, there are signs that the demand dive has bottomed and overcapacity in the trucking market may have seen its most bloated days. And while that will eventually mean tighter capacity and higher rates, freight buyers have time to develop sourcing strategies heading into the next cycle... Labels: trucking markets prognosis
posted by Unknown @ 7:53 AM
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