Holiday Freight Forecast

Posted by Harriet Mills on Oct 17, 2014 10:42:43 AM

??????????????????????????????????????????????????????????????????????????????????????WINDY AND COLD WITH HIGHER FREIGHT RATES

Tips to help KEEP COSTS DOWN 

Fall has arrived and along with the wind and rain comes the holiday season. This is one of the busiest times of year for the transportation sector and with tightened capacity due to regulations and compliance, there are bound to be price increases in the forecast.


Shippers expect to pay higher rates . . . well into 2015. A survey by Wolfe Research, according to Journal of Commerce, revealed that "52% of shippers plan to pay peak surcharges to move their truckload freight" in the fourth quarter. Another result of tight capacity: the shippers surveyed expect to rely increasingly on freight brokers to help find trucks.  - Mark Montague, DAT solutions Freight Talk, Oct. 16, 2014.


Regardless of the forecast, Choptank Transport is always proactively finding ways to optimize your freight. No matter what you are shipping or where it is going, planning in advance and locking in rates early can save you money. Avoid shipping the week before and the week after holidays, if possible.

Remember to use your 3PL as a valuable resource!  Ask your sales representative for weekly updates regarding trends on lane capacity and pricing.  Also, consider intermodal services for less time-sensitive freight. It is often an overlooked, cost-saving mode of transportation.

If you are shipping reefer LTL, ways to keep costs down include:

  • maximize your space by stacking pallets, rearrange boxes so there is less space between pallets
  • volume shipping - the more you ship, the better the pricing
  • consistency - same lanes, same schedule
  • frequency - shipping on a regular basis helps us plan, which helps you save on cost



Tags: Careers & Culture

Choptank Transport Market ReportMarket Report DEC 2018

From Trump to the Griswold's...2018 in Review

A lot has happened in the world of transportation and logistics in 2018.  This could be a novel about all the things that happened in 2018 and the many predictions for 2019.  Above all of the headlines, though, we have lived through the strongest year for spot and contract pricing increases in the history of trucking in the U.S. 25% increases in the spot market rate, 30 percent in dry van and reefer, and spot market rate increases of over 25 percent in flatbed; which were followed by contract rate increases of over 15 percent in all three modes!  All that data could point to another turbulent and soaring market in 2019.  However, and lucky us, there is a mountain of data...

Here is a brief market overview and report on all the factors driving the current market, our expectations for where it’s headed, and most importantly, how to manage this market and come out on top!   

Read More

Recent Posts

Subscribe to Email Updates