As more and more businesses are forced to close down, the trucking industry is starting to feel the impacts of the COVID-19 pandemic. Drivers are still reporting closed down restaurants, drive-thru operators are not allowing for semi access, lack of bathrooms, and long lines at shippers and receivers. On a positive note, truckers have reportedly received an outpouring of support for being the backbone of the supply chain.
State of Trucking Quote:
“Things have become more difficult. Loads aren’t being posted as what the commodity is so it’s not obvious or easy to tell relief loads from freight of all kinds and we see that as an issue industry wise. Extra freight is being added to loads to make them heavy to get more shipped at one time. Load and unload times are being extended since everyone is either backed up from being understaffed or extra precautions being added to limit interactions and maintain social distancing. Load run times are being extended so days are being added to loads between ship and receive times that normally would be less transit time allowed or needed. This is extra difficult since traffic is a non issue now and transit time could actually be shortened. Rates are low and not showing any improvement when you would expense the opposite to be the case. Accessorial pay like detention etc forget about it. I hope this is usable bro let me know what you think and feel free to tweak this if need be,” Said Thomas Wood, owner of The Optimized Logistics, an agency of GreatWide.
Carrier and Broker Applications
In such a volatile time it is surprising to learn that the number of applications for both Property carrying carriers and freight brokers have INCREASED this week with 1,903 Motor Carrier Applications and 203 Freight Broker Applications.
National Diesel Price
The National Diesel price fell again this week $.073 to a national average of $2.58. This is $.49 lower than a year ago.
Rates and Load to Truck Volumes
Load to Truck Ratios and Volumes decreased dramatically this week as manufacturing slows due to COVID-19. According to DAT Solutions, the Nation’s most well known load board and transportation analytics providers, Spot load posts are down 25.3% from last weeks surge.
Truckload Rates Rise…..But For How Long?