March 13, 2024 • Market Updates
- The constraints of inflation are still impacting public consumption.
- Dry van and reefers rates will stay low, even as produce season begins.
- Other methods of transportation (intermodal, rail, LTL) will continue to be utilized for cost-savings solutions.
- Flatbed market will see an uptick in pricing as construction season begins.
- Despite these increases, flatbed pricing will not sky-rocket.
- Rather, where equipment can be used, flatbeds may be taken advantage of in lieu of dry vans, particularly in LTL capacities.
- Despite these increases, flatbed pricing will not sky-rocket.
- Clients will be more exclusive in transportation choices
- Contractual business becomes more competitive as clients strive to keep lowering transportation costs.
- Carriers may find themselves maintaining clients through spot business rather than contract as suppliers see less consistency in fulfilling orders.
- Carrier networks for clients will become more exclusive in effort to prioritize cost-saving carriers.
- With this, client standards will remain high.
