With rates inside out and risks on the road, many owner-operators choose to sit
“If I go to work at the rates posted for loads right now, I’ll be paying out of my own pocket.”
Slowdown hitting small fleets hardest, survey sample shows
Almost six in 10 respondents who own or drive for a fleet of fewer than 10 trucks saw freight demand drop during March as the coronavirus pandemic began to derail the economy, according to a small sampling of small-fleet results. Among the 192 responde…
‘You just lose’ when middlemen don’t pay: Broker reform eight years in the waiting
As bureaucrats ignore mandated freight finance reforms, insolvent brokers squeak by, and crooked brokers keep scamming. Owner-operators and small fleets suffer the consequences.
Spot rates bottoming out?
As rates fell further, the national average reefer load-to-truck ratio was unchanged at 3.7 loads per truck last week, the van ratio likewise neutral at 1.8, perhaps indications that demand is firming up and rates may be bottoming out. Flatbed demand’s…
For the love of … Patty the traveling road dog, with owner-op Rob Goodwin, and introducing ‘Over the Road’
After an expensive encounter with a bad broker cost him $10K and, ultimately, his small fleet business and authority, owner-operator Goodwin found his stride with one truck leased now to Terra Trucking, and with an uncommonly important companion in Pat…
Owner-op Rob Goodwin sees utility in no-broker, shipper-carrier connection platform RiteLoad
Owner-operator Rob Goodwin lauds growth in freight volumes and consistency in the shipper-carrier connection platform Riteload, who’s invested in a 33,000-square-foot office facility near Philadelphia as business grows for the company.
Week to week rates thaw — drip, drip, drip into February
National average spot truckload rates for major segments other than flatbed entered February in a slow-motion slide after closing out January at their lowest points in two months.
Spot freight in the last week: Rates dip, but flatbed demand shows off-season promise
After a relatively strong start to the month, spot van and reefer rates slipped below December averages during the week ending Jan. 19. There was, however, better news for flatbed haulers as rates crept higher on the strength of new oil and gas projects.
Freight market reality check: ‘It’s just terrible’
What it feels like right now for a couple readers where the 22.5s meet the pavement, and underscored by long-range analysis in the newly released quarterly U.S. Bank Freight Index report, showing the decline in volume and overall freight spending in th…
Rates up with holiday week on spot market
The number of loads moved declined and load-to-truck ratios fell for all three equipment types during the holiday week, but rates were up for vans and reefers for the month of November over the preceding month.