The popularity of flatbed carriers increases in the summer months. With the onset of the summer season, small to mid-size shippers usually face a huge demand and finding units becomes harder. This leads to a lot of shippers delving deeper into their route guides. They also resort to spot market bidding as their route guides become exhausted during the road. As a result, the costs per unit increase and more time is spent trying to procure enough units for shipping.
How the Summer Months Affect the Flatbed Carrier Market
According to research conducted by the Iowa State University regarding flatbed carriers, market conditions continuously fluctuate. The truckload market faces varying demand throughout the year and has to reshuffle its capacity to align. However, this fluctuation in demand is much more rampant for flatbed trucks than for the rest of the truckload market.
Hence, flatbed trucks tend to adhere to routes that prove more profitable. They accept loads that are more profitable and have a greater ROI. It’s not uncommon that they turn down a shipment at their contracted rate only to accept at a greater rate. This is known as a spot market bid.
3 Tips to Prepare for the Flatbed Season
Continue reading “Here are 3 Ways to Prepare Flatbed Carriers for the Shipping Season”