Conducting a Freight Bid – Should We Do It Ourselves or Seek Outside Help?

6 months ago

As outlined in previous blogs, most companies conduct a freight bid to achieve certain objectives. These may include saving money on shipping costs, upgrading the quality of their carriers, and/or improving service. Success can be measured in terms of a reduction in freight expenses, higher on-time service, greater customer satisfaction, or other metrics. To achieve […]

The Truckload Freight Industry in North America in 2019

5 years ago

There are approximately 540,000 truckload carriers registered with the Federal Motor Carrier Safety Administration in the United States. These range from 1 truck to 20,000 truck fleets. The majority have less than 20 pieces of equipment in their fleets. These companies generated approximately $350 billion in revenue in 2018. Revenue/Tonnage Growth in 2018 Here […]

The Truckload Freight Industry in North America in 2018 – “Maybe the Best Freight Market we have ever seen”

6 years ago

The truckload sector of the freight industry is different from the LTL and small parcel segments in two significant ways. Unlike the other two segments, anyone who can buy or finance the purchase of a tractor-trailer unit and can drive the rig, can enter the industry. Freed from the requirement to build cross-dock facilities […]

Will the ELD Mandate trigger a move to Precision Trucking and Increased Profitability?

7 years ago

The implementation of the FMCSA’s ELD mandate in the United States on December 18 was one of the most anticipated milestones in the history of trucking. The introduction of electronic logging devices is the latest attempt by the FMCSA to improve road safety and minimize road accidents in the United States. Driver fatigue is […]

The Truckload Freight Industry in North America in 2017

8 years ago

The truckload sector of the freight industry is different from the LTL and small parcel segments in one important respect. Unlike the other two segments, anyone who can buy or finance the purchase of a tractor-trailer unit and drive the rig, can enter the industry. Freed from the requirement to build cross-dock facilities and/or buy […]

Smaller Carriers are “Feeling the Heat” in the Truckload Market

11 years ago

Dr. Richard Mikes, Managing Partner of Transport Capital Partners (TCP) recently spoke on the subject of the Truckload Market on a conference call hosted by Stifel Nicolaus & Company. Here are some excerpts from the survey results presented by Mr. Mikes. “The freight rate market as a whole started switching directions about a year ago. […]

America’s Major Truckload Carriers Shift Focus to Dedicated and Intermodal

12 years ago

The fourth quarter 2012 financial results for America’s leading truckload carriers tell a story of an industry going through transformation and change. The most dramatic poster boy of this change can be seen at the largest carrier in the group, JB Hunt. Basic point to point truckload carriage has fallen so far that it is […]