Carrier Costs Increase as do Shipper Costs!

The poor economy has driven thousands of carriers out of business over the past 18 months.  At the same time shipments nationwide declined.  With the lack of demand for trucking, not many shippers noticed that lack of supply in available carriers. 

Now that the economy is sputtering back to life with more of a demand for shipments, the lack of supply in carriers is suddenly noticeable by the shippers.  This lack of supply is having two effects: slower transports and rapidly inflating prices.    

In the past few weeks, the pricing power of the carriers has translated into prices rising as much as 30% in some instances.  This is especially true in difficult transportation regions of the country (Northeast, Florida, Texas, etc).  The market is changing very quickly right now, to where a quote this week might be much higher by next week!