![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Truckload Rates* USA - Brokers Say: Rising Fast
Price hikes of 10 percent or more seen as freight demand rises
Newark,NJ,USA -The Journal of Commerce Online, by William B. Cassidy -Jun 4, 2010: -- Truckload rates are spiking 10 percent and higher as rising freight demand collides with deep cuts in capacity, according to freight brokers... Freight brokers report that shortages in truckload equipment availability in certain markets and lanes are driving up truck rates in some areas faster than expected... Truckload rates in some lanes are up as much as 20 percent, he said, as demand in April and May shot higher than available trailer space... The strength of the truckload freight recovery is evident at CRST International, which is accelerating growth plans to catch up with revenue rising faster than its projections... The carrier said last month it will spend $100 million in the next 18 months to add 700 tractors and 1,500 trailers at three of its operating subsidiaries... But many smaller truckload carriers may be slow to add capacity, partly out of concern for the strength of the recovery and because of a lack of available financing... Carriers are also eager to enjoy pricing power they haven’t had in years...Labels: freight rates
posted by Unknown @ 5:23 PM
0 Comments:
Post a Comment
<< Home