BAT Logistics Market Watch
May 27, 2010
Welcome To BAT’s Market Watch!
BAT’s Action Plan This Peak Season
Over the past weeks truck market rates have been increasing in several areas.
BAT Logistics assures it customers that we will continue to doing our absolute best to look out for our customers transportation budget, and trucking needs throughout a time the demand for truck load capacity towers the amount of trucks available in over a decade.
In order to keep your freight moving we have been utilizing
our spot quotes from our driver base that has been agreeing to dedicate its
equipment/trucks to serving BAT’s customer. We feel this strategy is the best
plan of action in order for BAT to secure a greater amount of truck capacity for our
customers. This strategy will ensure BAT can provide trucking options with the
most reliable results.
*On a good note- We do not anticipate this to last any longer that the first week of July and by that time, BAT will be reducing its rates substantially and the strategy will be to offering the absolute best rates to our customers money. We believe even more than ever, because of our
base growing more rapidly than ever.
Why Have Truck Rates Have Increased
There are several reasons to why truck load rates have soared to highest levels in over a decade. We decided to list just a few of the many reasons this peak season has been more costly shipping freight then previous peak seasons. This information is according to American Trucking Association, Department of Transportation, and the ISM.
-2008 more than 3000 trucking companies went out of business. That’s 3.5 less trucks on the road for every 50.
-2009 4th Quarter over 500 trucking companies went out of business.
-2009 Kenosha’s JHT Holdings Inc., the country’s largest factory-to-dealer hauler of newly built semitrailer trucks, reorganized in a voluntary bankruptcy proceeding last year.
-2009 Tonnage was down more than 15%. As a result less trucks than ever on the roads. With that said, freight has started to increase, thus causing a shortage of trucks vs. available freight.
-2010 Jan thru April marks 4 consecutive months freight has been on the rise.
-2010 A majority of trucks started 2010 losing money over the rapid fuel increasing and were unable to charge current fuel surcharge in enough time.
Toll-Free: (877) BAT-TRUX Local: (402) 885-8100 Fax: (402) 885-8101
Address: 10701 South 72nd Street Suite 120 Papillion, NE, 68046