In the Driver's Seat: 2018 North American Over-the-Road Transportation Survey
Throughout 2018, the road transportation industry continued to develop as a seller's market. A strong economy coupled with low unemployment and historically high demand for freight services have put unprecedented levels of pressure on capacity and rates.
Download our carrier survey report to see how carriers are responding to current market conditions, including:
- Driver shortages: The driver shortage remains the biggest challenge carriers are currently facing, with significant impacts on pricing and the ability to increase available capacity.
- Rates and the shift to spot market: While spot rates have increased 20-30% over last year, the segment of carriers who secure business primarily in the spot market has increased by only 15% from 2017. Those who reported sticking to contract rates indicated this was primarily to retain relationships with their preferred shippers.
- Capacity: Nearly half of all carriers that participated in the survey report they are at a 95% or higher capacity utilization rate, which is why it is crucial for shippers to work to become a “shipper of choice” to hold on to capacity.