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Trucking rates have fallen back to 2017 levels, but costs have not
Chart of the Week: Average hourly wages – Transportation and Warehousing, Maintenance cost per mile, DAT Van Freight Rate Index – National (SONAR: EARN.TPWH, MAINT.VCF, DATVF.VNU )
“The longest freight market bull-run in over a decade is over as spot rates have fallen back to where they were two years ago. The problem presented to many carriers is that many of their costs have not. In this week’s chart, comparing wage and...
Many Carriers Enjoy 2018 Banner Year for Revenue Growth
It was a historically great year for trucking in 2018 with robust growth in revenue and better margins, but not all companies saw the benefits of a strong economy.
Flatbed/heavy specialized and intermodal/drayage continue to be hot sectors with revenue gains of 18.9% and 18.4%, respectively in 2018. The refrigerated sector also did well, rising 12.4% year over year, followed by tank/bulk with a gain of 10.7%. Revenue declined in the motor vehicle/driveaway sector and grew very slowly in household...