As the trucking industry looks ahead to Q2 of 2023, there are a number of trends and developments that companies should be aware of and prepared for. Here are just a few of the things that trucking companies should keep in mind as they plan for the coming months. One of the biggest trends that…
As was to be expected, freight demand dropped drastically in December 2022 due to the holidays. Neither shippers nor carriers wanted to deal with moving their goods between Christmas and New Year’s Eve. The New Year’s Day holiday falling on a Monday has kept the Outbound Tender Volume Index (OTVI), a seven-day moving average of…
The holiday season is slowly creeping up on us. In fact, it’s almost here. It is perhaps the busiest time of the year for most trucking companies. A great time to capitalize on pre-existing relationships and also to welcome new opportunities for expanding your client base. Preparation is necessary in order to ensure that your…
There is a cyclical element to the conditions required in order to make a profit in trucking. Rates climb when there is a lot of freight, and truckers buy more trucks to seize the opportunity. However, at some point, freight levels drop and there are too many trucks available to transport it. It is at…