Recent Low Freight Rates: Result of Shippers, Freight Brokers, Carriers or Economy?
BulkLoadsNow.com members create hot topics on the community forum, debating why truck freight rates are low this time of year.
Nixa, MO (PRWEB) February 21, 2013
BulkLoadsNow.com, a leading freight matching website for the bulk truck freight industry, recently has had a lot of activity on the site’s forums recently about who or what is to blame for truck freight rates being so low this time of year. Forum posts related to low rates are the top viewed and commented forums on the website.
One forum topic, dolefully labeled ℠What Happened´, has had a number of replies in regards to why freight rates may seem low in the winter season. One member states the average freight rate right now is $1.60 per running mile and another declares that brokers are undercutting each other while letting the carrier “eat” the cost. To the defense of the brokers another user mentions there´s “no loyalty from a lot of shippers anymore”, and taking the lowest bid on the freight loads makes the most sense for their business.
“This topic resurfaces several times throughout the year on our forums”, said Jared Flinn, Operating Partner at BulkLoadsNow.com. “but we’re seeing more members voicing their opinions and contributing to the conversation than is typical.” Flinn explains, “It´s typically slower this time of year and with the drought we faced last year and high feed costs, there´s not a lot of bulk freight moving like years before. The poultry and livestock industry have been hit hard and a lot of freight, whether it be bulk feed or the animal byproducts, aren´t moving as much as they did before.”
Several carrier users commented on how to solve this issue. One suggests to not take loads under a particular dollar per mile rate such as $1.60. Others argue that even under $2/mile is too low. Some argue to negotiate rates and don´t accept the initial offer. They recommend reminding shippers and brokers of the costs associated in transporting the load. Others mention to not haul, period, and wait for demand to pick up. While no proposed solution has the majority of the discussion, it’s encouraging to see the community of carriers helping each other.
Broker members are also contributing to the conversation, with many saying they look out for the carrier and try to keep a certain dollar per mile rate on any load they take.
BulkLoadsNow.com forums allow members to freely discuss current topics in the industry with other members. “We believe our forums provide a sounding board for all of our members.” stated Matt Fredin, Operating Partner at BulkLoadsNow.com. “We think it´s important for our members to freely talk about current issues and our goal is to keep everyone informed and make better business decisions.”
BulkLoadsNow.com has supported bulk transportation professionals nationwide as a premier freight matching site for the hopper, end dump, tanker, and walking floor truck freight industry. We serve owner-operators, shippers, and brokers with state of the art features and services to connect easier with others in the industry. With hundreds of thousands of loads available nationwide and a network that includes thousands of bulk carriers, shippers and brokers, BulkLoadsNow.com is here to innovate the bulk trucking industry.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/2/prweb10448525.htm