• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Truckstop.com and Bloomberg Intelligence Survey Shows Carriers Remain Optimistic About Demand Despite Obstacles

May 28, 2022
in Trading
Reading Time: 2 mins read
A A
0
Truckstop.com and Bloomberg Intelligence Survey Shows Carriers Remain Optimistic About Demand Despite Obstacles
0
SHARES
6
VIEWS
ShareShareShareShareShare

Carriers are optimistic about growth in volume and rates this year, despite rising fuel and equipment costs that are squeezing profitability, according to the latest Bloomberg | Truckstop.com survey, which polled owner-operators and small fleets.

The Bloomberg | Truckstop.com 1Q22 Truckload Survey shows:

  • Owner-operators remain optimistic about demand: About 72% of respondents expect load growth over the next six months vs. 71% in 4Q and 1Q a year ago. Temperature-controlled carriers were most optimistic with 77% expecting higher volume, followed by 74% of flatbed carriers who are benefiting from a strong housing market.
  • Fewer carriers are optimistic when looking at rates: About 55% of respondents expect spot rates (ex-fuel surcharges) to rise in the next six months vs. 59% in 4Q. About 14% of carriers expect rates to decline over the next 3-6 six months, in-line with historical averages. Only 2% of truckers polled expect rates to drop quickly this year and another 32% expect them to slowly moderate.
  • More carriers are hauling fewer loads: Truckload spot demand rose 4.3% year-over-year in 1Q, based on the Bloomberg | Truckstop.com survey, a seventh straight quarterly gain after dropping 16% in 2Q20 as the pandemic began. Median volume growth was closer to flat, given the wide divide between those carriers experiencing growth and those not moving as many loads. About 37% of respondents hauled more loads vs. 1Q21. About 32% recorded a drop vs. 25% in 4Q21 as the number of carriers who experienced flat volume decreased to 31% sequentially from 38%.
  • Rising fuel costs are a concern for carriers: About 56% of carriers said that higher fuel costs are the industry’s biggest challenge. Lower rates are the second-biggest concern in 2022 at 21% of the sample, followed by the weakening economy (16%). Despite these concerns, about 69% of those surveyed anticipate the truckload market will remain tight this year.

The Bloomberg | Truckstop.com survey of owner-operators and small fleets provides timely channel checks into the health of the spot market. The sample size was 126, consisting of dry-van, flatbed, temperature-controlled and specialized/diversified carriers. Of the respondents, 60% operate just one tractor.

The complete survey is available to Bloomberg Terminal subscribers via BI.

About Truckstop.com

Truckstop.com is a trusted partner for carriers, brokers and shippers empowering the freight community through a platform of innovative solutions for the entire freight lifecycle to increase efficiency, automate processes, and accelerate growth. As one of the industry’s largest neutral freight marketplaces, Truckstop.com provides the customer service as well as scale of quality loads and trucks to give customers of all sizes, whether on the road or in the office, the transparency and freedom to build lasting relationships and grow their businesses. To learn how Truckstop.com is helping move the freight community forward, visit www.truckstop.com.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Here Are the Exchanges to Support the LUNA Airdrop

Next Post

Proposed PoW Ban in New York is Scaring Away Investors: Kevin O’Leary

Related Posts

How Virtual Credit Cards Are Powering New Digital Business Models
Trading

How Virtual Credit Cards Are Powering New Digital Business Models

June 24, 2022
6
SEKO Logistics Taps MyFBAPrep to be Preferred Amazon FBA Partner
Trading

SEKO Logistics Taps MyFBAPrep to be Preferred Amazon FBA Partner

June 24, 2022
4
Managing Organization Device Fleet with IoT Device
Trading

Managing Organization Device Fleet with IoT Device

June 24, 2022
6
Things an HR in Supply Chain Management must know
Trading

Things an HR in Supply Chain Management must know

June 24, 2022
3
BDP International Announces Smart Classify, the New Digital Product Classification Tool
Trading

BDP International Announces Smart Classify, the New Digital Product Classification Tool

June 23, 2022
4
Next Post
Proposed PoW Ban in New York is Scaring Away Investors: Kevin O’Leary

Proposed PoW Ban in New York is Scaring Away Investors: Kevin O'Leary

Recommended

SEC legal action over BNB token prompts fears over which altcoin is next

SEC legal action over BNB token prompts fears over which altcoin is next

June 7, 2022
3
Global Foreign Direct Investment Recovered To Pre-Pandemic Levels In 2021 But Uncertainty Looms In 2022

Global Foreign Direct Investment Recovered To Pre-Pandemic Levels In 2021 But Uncertainty Looms In 2022

June 21, 2022
5
UK Government Proposes Amends to Manage Risks Associated With Failed Stablecoin Projects

UK Government Proposes Amends to Manage Risks Associated With Failed Stablecoin Projects

June 1, 2022
7
‘Be careful what you wish for’ on interest rates, top strategist warns

‘Be careful what you wish for’ on interest rates, top strategist warns

June 16, 2022
5
Crypto Industry Is Still ‘Embryonic,’ WEF Finance Lead Says

Crypto Industry Is Still ‘Embryonic,’ WEF Finance Lead Says

June 22, 2022
6
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Bored Ape Yacht Club Founder Criticizes Campaign That Says The BAYC Has Nazi Symbolism
  • Singapore’s changed stance on crypto
  • Feld Entertainment CEO: We’re ‘reimagining’ the circus

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?