Owner-operators must be intentional about making money in 2020

Feb 03, 2020 at 08:37 AM CST
After a year of falling rates and closing companies, the trucking market seems to be stabilizing. This is good news for carriers who cannot afford another hit, but 2020 is not expected to bring surging rates. Carriers will have to think strategically to take advantage of moderate rate increases this year. “The freight market appears to have pushed through the contractionary period and has stabilized entering 2020,” FreightWaves Director of Freight Intelligence Zach Strickland said. “Just like the 2019 oversupply was a result of an overheated 2018, 2020 will see the repercussions of a soft 2019 as the year progresses.” The ramifications of 2019 will come in the form of shrinking capacity, pushing rates up as supply falls to meet demand instead of dwarfing it.

Feb 03, 2020 at 08:37 AM CST

After a year of falling rates and closing companies, the trucking market seems to be stabilizing. This is good news for carriers who cannot afford another hit, but 2020 is not expected to bring surging rates. Carriers will have to think strategically to take advantage of moderate rate increases this year. “The freight market appears to have pushed through the contractionary period and has stabilized entering 2020,” FreightWaves Director of Freight Intelligence Zach Strickland said. “Just like the 2019 oversupply was a result of an overheated 2018, 2020 will see the repercussions of a soft 2019 as the year progresses.” The ramifications of 2019 will come in the form of shrinking capacity, pushing rates up as supply falls to meet demand instead of dwarfing it.