Truckload carriers downshift as pricing plummets

Jul 31, 2016 at 06:32 AM CST
http://www.joc.com/trucking-logistics/truckload-freight/covenant-transport/truckload-carriers-downshift-pricing-plummets_20160729.html Truckload carriers this summer find themselves stuck between the highs and lows: High capacity and inventory levels, low freight demand and even lower rates. That meant lower revenue and tighter profit margins for publicly owned carriers in the second quarter, and transportation savings for shippers. Although many trucking companies reported an uptick in freight volumes in June and July, an improvement also noted by third-party logistics provider Echo Global Logistics and the Cass Freight Index, much of the second quarter and first half of 2016 saw truckload freight flatten or decline.

Jul 31, 2016 at 06:32 AM CST

http://www.joc.com/trucking-logistics/truckload-freight/covenant-transport/truckload-carriers-downshift-pricing-plummets_20160729.html

Truckload carriers this summer find themselves stuck between the highs and lows: High capacity and inventory levels, low freight demand and even lower rates. That meant lower revenue and tighter profit margins for publicly owned carriers in the second quarter, and transportation savings for shippers.

Although many trucking companies reported an uptick in freight volumes in June and July, an improvement also noted by third-party logistics provider Echo Global Logistics and the Cass Freight Index, much of the second quarter and first half of 2016 saw truckload freight flatten or decline.