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Jan 17, 2017

2017 FREIGHT RATES UP ? * USA

* DC - Over-the-road US shippers prepare to pay more

--- US shippers enjoyed a truck-pricing windfall in 2016, as lower freight demand, tumbling fuel prices and an abundance of available truckload capacity led to the best rate environment shippers had seen since the recession, at least in the truckload sector. As the US slipped into its second long patch of slow growth since the recovery began in 2009 — expanding less than 2 percent for three straight quarters — truckload rates slipped and carriers cut pricing to fill trucks... What goes down often comes up, however, and shippers who enjoyed a break from truckload rate increases and even some reduction in costs in 2016 are nervous about what they’ll encounter in 2017, especially in the second half of the year. That’s in large part due to a Dec. 18 deadline for trucking operators and truck drivers to switch from paper logbooks to electronic logging, a huge cultural and operational change that could lead to a contraction in capacity... The good news is that, based on interviews, statements and surveys over the past few months, shippers do expect 2017 to be a better year in many respects than 2016. The US economy certainly left the soft patch behind in the third quarter of 2016, when real GDP expanded at an annual rate of 3.2 percent, according to the Bureau of Economic Analysis. In the 2016 second quarter, real GDP increased 1.4 percent... 
(Photo)  --  Washington, DC, USA - JOC, by William B. Cassidy - Jan 14, 2017

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Nov 23, 2016

Freight Rates * USA - TRUCKING RATES IMPROVE

* Indiana - Trucking rates may be on the rise

--- According to the latest ACT For-Hire Trucking Index from ACT Research. ACT reported its pricing index bounced to its highest reading in the past 12 months at 52.7. A quarter of respondents reported a modest increase, with 57 percent seeing no change in their revenue per mile... More fleets also indicated they plan to purchase more trucks. Forty-one percent said they’ll be planning purchases in the next three months, while 35 percent of respondents said they plan to buy trailers in that period. Almost all the purchases will be new and will be used to expand fleets, ACT reports... 
Columbus, IND, USA - Go By Truck News - November 21, 2016

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Feb 18, 2016

FREIGHT RATES FOR TRUCKING INDUSTRY * USA:

* New York - As spot prices drop, shippers look to curb US truck rates

-- As U.S. domestic freight volumes soften, truckload spot rates are sliding and shippers, pressed to lower transportation costs, are looking for ways to bring contract rates lower... According to BB&T Capital Markets, some shippers are pulling down rates in contract talks by turning to third-party logistics providers, while rethinking how they ship lane by lane... They’re getting some help from the spot truck market. Dry van truckload rates on the U.S. spot market dropped 1.3 percent in January from December, as dry van spot freight volumes tumbled 15 percent, DAT Solutions said. That’s a typical decline for the post-holiday season. .. The national average dry van spot rate edged down 3 cents to $1.62 per mile in the week that ended Feb. 6, as the number of van loads dropped 17 percent, DAT said... The average U.S. retail price of diesel hit a low of $2.01 per gallon in the week that ended Feb. 8. The last time the price was that low was in February 2005. Two years ago, the weekly average price published by the Energy Information Administration was above $4 a gallon... The decline in spot market rates follows a typical seasonal freight pattern, but also reflects tumbling diesel prices and fuel surcharges, a major factor in lower shipping costs... That would shift U.S. truck supply and demand closer to the “rough equilibrium” of 2012-2013, a balance that might change again as mandated use of electronic logging devices by truck drivers draws closer in late 2017, potentially reducing truckload capacity... Several shippers at the BBT conference mentioned the need to vet truckload lanes for “ELD vulnerability,” the investment research group said. Those that don't could see capacity tighten and costs head up... 
NY, USA - JOC, by William B. Cassidy - Feb 16, 2016

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Sep 22, 2015

TRUCKING RATES * Canada: Unprecedented deal with industry, reflects inflation rates

* Ontario - Container Trucking Association of Ontario signs unprecedented deal with industry
-- The Container Trucking Association of Ontario (CTAO) has finalized a historic agreement. This unprecedented settlement, which was reached with container trucking CEOS after 9 days of tense and difficult negotiations. includes a fair percentage increase in rates for the first time in over a decade and is unprecedented in the North American Container Trucking industry... This agreement which has been signed by both parties addresses wait times at terminals, and it reflects today’s inflation rates. This was the result of a collective desire to get the drivers back on the road... After 10 years we have set the bar for container truckers and the standard that the industry respects...
(Photo: Trucks operating at one main Canada port terminal)  --  Brampton, ONT, CAN - AJOT - Sep 18 2015

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Oct 14, 2011

Price Indexes * Europe - From ITLB by 4 out of 10 carriers used it

Brussels,Belgium -Truck and Business, by Claude Yvens -10 Oct 2011: -- When Belgian carriers annually negotiated rates not work, they rarely use the transport prices issued by the ITLB, because only 36% of carriers reported to do so. This is one of the surprises of the recent Transport Barometer, which prepares Truck Europe. This figure comes as a surprise when a new working meeting was held on October 6 last ITLB in the creation of new sector indices. The UPTR repeats in this matter by January 2012 its intention to create additional indexes for refrigerated transport, national distribution, tanker transport (food, ADR, petroleum products), container and express traffic light commercial vehicles...

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Feb 18, 2011

PAYMENT RATES * Australia - Test safe rates against other safety measures

Canberra,Australia -ATA Friday Fact -18 Feb 2011: -- The Australian Government should compare the safety benefits and costs of safe rates against other road safety measures before going ahead with the concept, ATA Chief Executive, Stuart St Clair, said today...  Stuart was releasing the ATA’s submission in response to the Government’s Safe Rates Directions Paper. The directions paper examines three models for regulating payment rates in the industry further, on the grounds that this would improve truck safety...  Stuart said the Government needed to prepare a thorough regulatory impact statement into safe rates, and evaluate its costs and safety benefits against allocating similar resources to other road safety measures...  Stuart said the Government also needed to ensure that the industry’s existing safety regulations are rigorously applied, with an emphasis on the chain of responsibility regulations. Under chain of responsibility, trucking companies and the industry’s customers can be held to account if their actions, inactions or demands lead to unsafe situations on the road...  Stuart called on the Government to provide trucking companies with regulatory incentives to join the ATA’s TruckSafe safety management program... (Photo from easytravelreport: Truck australia, a Volvo truck)

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Sep 19, 2010

New Rules * USA - To take many truckers off the road

Federal effort called likely to improve safety, raise costs

Milwaukee,WI,USA - The Journal Sentinel, by Rick Romell -Sept. 18, 2010: -- A new federal effort to increase trucking safety could push as many as 180,000 drivers off the road as carriers shun truckers with poor records... About 6% of the country's pool of heavy-truck drivers are at risk of becoming unemployable under the new safety-rating system, one data-analysis firm estimates. Other projections - higher and lower - are being advanced, but there is broad agreement that the impact will be significant, squeezing the driver supply, tightening capacity and pushing up freight rates... "Commercial drivers will be driven out of the industry," said Don Osterberg, senior vice president of safety, security and driver training at Green Bay's Schneider National Inc., one of the nation's biggest trucking companies... The new federal approach comes at a time when many drivers are nearing retirement and the recession already has prompted carriers to trim jobs... And some observers expect the government in the near future to reduce the hours truckers are allowed to drive, further tightening industry capacity... (Photo from wikipedia: Interior of a modern truck cab.)


* USA - Freight rates to rise

Milwaukee,WI,USA - The Journal Sentinel, by Rick Romell -Sept. 18, 2010: ... Others will be reacting, too... Shippers, fearing liability if they contract with a poorly rated trucking firm that subsequently is involved in a fatal crash, will consider the ratings in selecting carriers, said Rosalyn Wilson, an analyst with transportation consultant Delcan Corp... Insurers, meanwhile, will raise rates for companies with low ratings, she said... Those factors, along with the challenges of attracting drivers with good records, will force marginal carriers out of business, Wilson said... But the top firms will be in good position. With industry capacity already tight coming out of the recession and tightening further as problem drivers are weeded out, carriers will enjoy "a significant shift of pricing power," Klemp said... Trucking companies face tougher scrutiny, too. Brookfield-based RAIR, a risk management consultant to the transportation industry, says 20% of all carriers and 42% of the largest firms fail to meet the safety standards and may face federal directives to improve... With trucking firms rated against each other rather than on an absolute scale, the companies essentially will be competing with each other... (Photo: One modern trucks' dispatcher control center)

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Jun 11, 2010

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...

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Jun 5, 2010

Truckload Rates * USA - Brokers Say: Rising Fast

Price hikes of 10 percent or more seen as freight demand rises

Chicago,ILL,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... (Photo from inboundlogistics)


* President Obama Touts Recovery in Truck Facility Tour. Commercial rig dealership sees business improving, president says

Washington, D.C.,USA -The Journal of Commerce Online, by John D. Boyd -Jun 4, 2010: -- President Obama used a visit to a commercial truck dealership outside Washington, D.C., Friday to highlight how the economic recovery has spurred hiring in equipment suppliers to the freight sector... Obama and Vice President Biden on June 5 toured the K. Neal International site in Hyattsville, Md., which sells heavy-duty, medium-duty and severe service trucks... In remarks to employees of the dealership, Obama said owner Stephen Neal “told me that rental and lease sales have improved, that there’s pent-up demand out there for new equipment and you’ve added workers over the last few months. And Stephen said if things keep on going well, he’ll add more in the months ahead”... Also attending the event was Daniel Ustian, president and CEO of truck builder Navistar... Obama said Navistar recently delivered the first electric-powered delivery truck made at its Indiana plant, and aided by funding from last year’s American Recovery and Reinvestment Act...


* Truckload Demand Strong But Slowing

New York,NY,UK -The Journal of Commerce Online, by William B. Cassidy -May 28, 2010: -- Morgan Stanley index shows demand levels slipping, capacity stabilizing... The pace of recovery is slowing for truckload carriers, as truck capacity stabilizes at a lower level, according to the May 28 Morgan Stanley Truckload Freight Index... The daily TL index rose 5.2 percent this week to 4.42 on May 28, up 21.9 percent from a year ago and 14.5 percent from April 30. The index rose 29.4 percent in April from March and 28.2 percent from February through the end of March... That's helping to keep a lid on truckload rates, with carriers reporting "fairly limited" gains, the analysts said... Truckload capacity is stabilizing after tightening considerably, they said in the index report. That may reflect a reduction in carrier bankruptcies as freight volume rises, boosting finances, and the return of some idled trucks to service, they said... The analysts are looking to the peak season. If demand remains strong or picks up, that could leave shippers struggling to find capacity, they said...

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Apr 29, 2010

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)

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Mar 22, 2010

FREIGHT PRICES * Canada - For-hire truck prices began upward climb 3Q

Ottawa,ONT,CAN -Truck News -19 March 2010: -- Stats Canada's For-hire Motor Carrier Freight Services Price Index shows prices increased 0.9 percent in the third quarter, compared with the second quarter of 2009... The specialized freight trucking component rose 1.1 percent, while the general freight trucking component advanced 0.8 percent, confirming that most carriers' rates hit rock bottom last summer and fall and began making the slow climb upward late in the year... On a year-over-year basis, the index declined 10.4 percent in the third quarter compared with 2008... The monthly index measures changes over time in prices for the for-hire motor carrier freight services. The data is used to estimate a price index in trucking and monitor inflation in the transport services sector... The index reached a peak in July 2008 and fell to its lowest point in May 2009. Fluctuations in fuel prices were the main contributors to these movements, says Statscan...

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Oct 22, 2009

ADVICE * USA - How to Increase Hauling Rates

The market place and the laws of supply and demand are what determine hauling rates

Midlothian,VA,USA -Getloaded, by Timothy D. Brady -October 21, 2009: -- The typical response to even the idea of increasing hauling rates is that, “Truckers don’t set the rates, the brokers and shippers do.” But in reality, the market place and the laws of supply and demand are what determine hauling rates. In the current trucking environment, estimates show there are between 250,000 to 300,000 more trucks available to haul loads than there are loads to be hauled. Just by the over-supply and less demand, this fact alone explains the low freight rates... Your trucking operation isn’t any different. No one can know your costs except you. Not dispatch, not sales, not the shipper, not the receiver, not the broker, not the consumer, just you... So it’s imperative you know your fixed costs per day, cost per mile, and load specific costs; reduce these costs where you can, and know when, where and how much you need to increase your rates to bring in the revenue to make a profit... It’s also very important to do small incremental rate increases when it’s necessary. Waiting to do a rate increase until it’s a painfully large one puts a weighty strain on your shippers’ and brokers’ budgets and can cause them to flee to other carriers... A final note: Too many truckers are under the belief one has to be profitable on every load. Especially in today’s difficult economy, this will put you at a distinct disadvantage. A better way to approach the revenue versus profit dilemma is to know what your monthly and quarterly income needs to exceed your monthly and quarterly Break-Even Points. You may have to haul some less-than-desirable loads to stage your trucks for the quality revenue loads. It’s the combination of the revenue of all the loads over a month or a quarter against your total costs for the same period which needs to show a profit... (Photo from hankstruckpictures: Volvo walon)

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Sep 24, 2009

Freight Outlook * Canada - OTA boss spreads the word on rates

Pickering,ONT,CAN -Today's Trucking -24 Sept 2009: -- The president of Ontario's largest trucking group told a group of shippers and retailers that the cheap rates they've come to expect in this softened freight market are not sustainable... But the truck lane wars and the slashing of rates that resulted over the last 18 months won't last. And when things do bounce back, Ontario Trucking Association president, David Bradley, predicted shippers will need to pay more balanced rates for efficient and dependable freight transport services... Bradley also continues to hammer home the industry's latest key talking point that his members' "economic goals are as aligned with society’s safety and environmental goals as they have ever been"... (Photo from qilamik - City of Inuvik loaded truck)

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Jun 8, 2009

Freight Rates Up * India - Select centres on busy cargo movements

New Delhi,India -Indopia -June 6,2009: -- Freight rates for a ten-tonne pay load for select destinations rose by Rs 1,000 in the local truck transport market following busy cargo movemetns amid tight availability of trucks... Transporters said increased arrivals of cargo along with less position of trucks, mainly pushed up some of centres freight rates... Delhi to Pune and Indore freight rates went up by Rs 1000 each at Rs 19,000 and Rs 12,000 respectively. Rates to Thiruvananthapuram and Goa also moved higher by Rs 1000 each at Rs 45,000 and Rs 28,000 respectively....-Money exchange rate: 1.00 INR (Indian's rupees)= 0.0210618 USD - (Picture from indianautosblog: India's trucks)

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Jan 12, 2009

FREIGHT DISCOUNT * Philippines - North Harbor truckers reduce rates as fuel prices decline

North Harbor,Philippines -The Business Mirror -11 January 2009: -- A group of truckers serving the Mani-la North Harbor, the country’s biggest domestic port, has reduced their rates, its third in less than two months, as gas prices continue to plummet... Integrated North Harbor Trucking Association has reduced its trucking rates by about 4 percent after prices of diesel has decreased significantly since late last month... The said cut in prices, which may also translate to lower shipping cost, was made after truckers earlier set an agreement with the Philippine Liner Shipping Association (PLSA) that provides for an automatic rate adjustment scheme in a move to do away with lengthy discussions on the adjustment of rates...

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Jan 6, 2009

FREIGHT RATES * Australia - Industry must increase rates from January

ATA: Trucking companies must increase their freight rates or adjust their fuel surcharge to compensate for a cut in the fuel tax credit

Sydney,NSW,Australia -ATN -5 Jan 2009: -- The Australian Trucking Association (ATA) says the credit will fall from 18.51 cents per litre to 17.14 from January 2009 following the passage of legislation increasing the road user charge to 21 cents a litre... As such, the ATA is warning of an increase in consumer goods as companies look to offset the impact a drop in the credit will have on their business operations... Any future charges will be open to scrutiny, with the industry gaining access to all the figures, methods and formulas the Government uses in determining whether to increase the charge... Due to the increase, the Government will invest its $70 million Heavy Vehicle Safety and Productivity Package over four years in rest areas, tachograph trials and road infrastructure...

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Nov 13, 2008

RATES * India - Select destinations freight rate up

New Delhi,India -The Hindu Business Line -11 Nov 2008: -- Freight charges for select southern region rose by Rs 1,000 in the local truck transport market today on increased cargo movements in view of ongoing marriage season against less availability of trucks... Transporters said increased cargo movements amid less availability of lorries pushed up select southern region freight rates. Delhi to Coimbatore, Chennai and Kochi freight rates were higher by Rs 1,000 each at Rs 37,000, Rs 34,000 and Rs 38,000 for a l oad of ten metric tonnes respectively... Following were today's freight rates for a load of ten metric tonnes: ...

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Aug 7, 2008

Freight Market * India - Rates up on tight position of trucks

New Delhi,India -The Economic Times (Gurgaon,Haryana,India) -7 Aug, 2008: -- Freight rates for 10 metric tonne Pay load hardened up to Rs 1000 in the local truck transport market following insufficient availability of trucks as compared to the cargo movements. Transporters said increased arrivals of cargo amid less position of trucks in to the market, caused the rise in some of centres freight rates. Delhi to Vijaywada and Ahmedabad freights moved up by Rs 1000 (U$S 23,80) each at Rs.27,000 (U$S 642,60) and Rs.11,000 respectively...


* Now, trucks to be fitted with GPS to fight PDS food smuggling

New Delhi,India -Press Trust of India/GPS Faqs -7 Aug 2008: -- "The GPS fitted on trucks will alert us whenever the drivers stray away from their defined routes in a bid to sell off the ration items," an official told...

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Jul 11, 2008

FREIGHT RATES * India - Up on busy cargo movements

New Delhi,India -The Hindu Business Line (Chennai,India) -11 July 2008: -- Freight rates for a pay load of ten metric tonne for some destinations rose up to Rs 1,000 in the local truck transport market today following busy cargo movements amid tight availability of lorries... Transporters said cargo movements were better then truck positions, which caused the rise in the freight in some destinations. Delhi-to-Kolkata freights went up by Rs 1,000 at Rs 24,000 on busy cargo movements. Rates to Indore moved up by Rs 1,000 at R s 13,000 and Surat rates by Rs 500 at Rs 13,000... (Picture, Indian Trucks: This is why the place is full of noise!! Every truck and Rickshaw have these signs)

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Jul 7, 2008

Freight rates declines * India - On excess trucks position

New Delhi,India -The Economic Times -5 Jul, 2008: -- Freight rates for ten metric tonne pay load to select destinations declined on the local truck transport market today following easy availability of trucks... Transporters said business movements were smooth following the end of trucker's strike... Delhi to Mysore, Bangalore and Pondicherry freights dropped by Rs 1000 each at Rs 37,000, Rs 34,000 and Rs 35,000 respectively. Rates to Kolkata and Mumbai also went down by Rs 1000 each at Rs 23,000 and Rs 17,000 respectively...


* Report - Truck rental and parcel freight rates set to fall

New Delhi,India -PTI/The Hindu -6 July 2008: -- Normalcy in truck movements, coupled with reduction in sales tax on diesel, will pull down rentals and parcel freight rates which had shot up during the last week's strike, says a report... Delhi-based Indian Foundation of Transport Research and Training (IFTRT) said in its monthly report that excess supply of trucks and lower cargo offering would neutralise the 8-10 per cent jump in truck rentals and 10-15 per cent hike in retail parcel booking freight rates, which had shot up during the period of strike...

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