New Years Resolutions

Happy Holidays!

From all of us here at Trek Freight, we want to extend a big thank you for being a part of our success this year.   We truly couldn't have done it without each and every one of you.

Our New Years Resolution is to expand our company culture to even greater heights.  Our philosophy is that happy and connected employees = phenomenal customer relations.  

We’re already a tight-knit Trek Tribe, so we can’t wait to see how our new internal initiatives will bring us even closer, and help serve our clients even better.

How Will Hunting Season Affect Prices?

Hunting season is in high gear right now in Wisconsin.  Availability will be extremely tight between Nov. 18 and into the week of the 27th.  Hunting season ends in Wisconsin Nov 26th.  However, the outdoors-men, some of whom wait all year for this week, will be *ahem* recovering for a few more days after their adventure.

 

In years past, we've seen rates and availability altered from in, and out, of Minnesota, Illinois, and Iowa, as well as Wisconsin.  Border states have hunters who are happy to take a mini-vacation in order to participate in the season.

 

As a reminder, we will indeed be closed for Thanksgiving.  We wish you all a happy and safe holiday! 

Why are DAT Rates Continuing to Rise?

What are DAT spot rates now in comparison to where they were?

Dry vans have 6.7 available loads per truck, with rates up 12 cents to $2.09 per mile.

 

Where are the prices projected to go?

According to the Stifel Capital Markets reseearch, within the next three quarters, there should be a 5% to 10% jump in contract pricing

 

Why is this? 

FEMA relief efforts for Hurrican Harvey and Irma are increasing demand for trucks.  Capacity is extremely tight, especially in the Pacific Northwest, which is having a ripple effect throughout the country

 

Why is capacity so tight in the Pacific Northwest? 

Hurricane Harvey rerouted a lot of port traffic from Houston to Seattle.  The PNW is not used to this high of demand, and drivers are having to come long distances to meet it, leaving other areas tight as well.

 

What can I expect in the future? 

Stifel Capital Markets recently analyzed the freight marketplace in the wake of the hurricanes.  In one of their research briefs, they reported, “Add in the normal retail seasonal peak, the e-commerce surge at the end of the year, and the implementation of the ELD [electronic logging device] mandate on December 18, and we have a recipe for a prolonged period of elevated demand, strong spot rates, and sizable mid- to high-single digit contract price hikes.”

 

>>> For more information, check out these two articles <<<

1) Stifel: Upswing underway for truck freight rates

 2) DAT: Spot rates just keep on climbing

Lots of Roadside Inspections This Week: What You Need To Know

When is it? 

October 15-21

 

Where is it? 

Nationwide

 

Who will be affected? 

Truckers and bus drivers

 

Why do they have this week? 

This is an effort to decrease unsafe operating behavior among truck and bus drivers.  The Commercial Vehicle Safety Alliance (CVSA) wants to improve highway safety

 

What are they checking? 

This year, they roadside inspections will focus on traffic law compliance, safety belt enforcement, regulatory compliance, and commercial driver education.

 

How can I prepare? 

An inspector from years past shared this piece of advice:  if you have a clean and orderly cab, he is more likely to pass you along and let you keep driving.  His philosophy is, if you don’t put effort into your living quarters, your truck  and compliance to regulations are going to be sloppy, too.

 

>>> For more information, check out these two articles <<<

1) Roadcheck 2017: Tips and tricks from an inspector, trucker

2) Training and Operation Safe Driver week