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Truck Rates * USA - Primed to Rise
Rising demand increases pressure, carriers tell shippers at NASSTRAC
Orlando,FL,USA -The Journal of Commerce Online, by William B. Cassidy -Apr 28, 2010: -- Trucking rates have nowhere to go but up, and they’re ready now, several speakers told freight shippers Tuesday at NASSTRAC's annual conference... "Price increases will be coming, and they may be coming sooner rather than later," said Chad Thomas, director of intermodal at J.B. Hunt Transport Services, talking about truckload rates. But other speakers at the conference in Orlando, Fla., said the same holds true for less-than-truckload pricing... Truckload carriers have reduced capacity about 14 to 18 percent, and LTL carriers about 8 to 12 percent, according to estimates presented at the conference... Rate increases aren't necessarily a bad thing for shippers, Langenfeld pointed out... (Photo from rjruble: Wolf Electronics, Orem, Utah, near Provo)Labels: freight rates
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