The school year may have just ended, but shoppers are already getting ready for the start of school in the Fall. According to the June National Retail Federation (NRF) report, 25% of back-to-school and back-to-college shoppers are already placing orders compared to 17% five years ago. Also, 68% plan to take advantage of major retailer…
Owner-operator and small fleet profitability defied all odds and improved in June due to rising spot rates and falling diesel prices. After several months of teetering on the edge of a 2019 repeat (when the trucking industry saw record numbers of bankruptcies), long-haul carriers breathed a sigh of relief last month. It could be short-lived,…
Capacity migration is a subject often underestimated and misunderstood by industry experts. Most successful small fleets and owner-operators have a variety of trailer types at their disposal, enabling them to switch between modes based on spot rate and demand levels. An example could include a reefer carrier that changes to bulk liquid haulage in winter,…
Demand for temperature-controlled equipment is typically at its highest during the summer months, peaking right around Independence Day. That’s when spot rates increase and produce volume peaks, but within the space of a month, volume can drop by as much as 25%. From the start of July, the reefer market goes into maintenance mode until…