Truckload costs—and the corresponding market prices—are still at or near the lowest threshold that the market can support. Truckload Breakeven Price Per Mile is now above $2.50 for the first time.
With a shifting market across both the demand and supply sides, there are fundamental questions that many managers and leaders are asking: Are these prices going to stabilize? Are we in for further volatility? What do I need to know about shifting market rates and actual operating costs? And how does all of this affect my business strategy? Find the answers in the latest 2023 update.
This is not the time to get too greedy, so be transparent with your best carriers and create a mutually beneficial plan.
Prices have gone up. And up. That nasty word, “inflation”, has materialized with a vengeance, and it has impacted the transportation industry.