Rates, Rejections and Red Tape– Reading the Market Before It Moves
Still Foggy at the Top– What the New Logistics Report Method for the Rest of Us For all the hope around trucking recuperating, the brand-new CSCMP “State of Logistics Report” simply affirmed what a lot of small carriers currently feel: Things are still off. Freight isn’t flourishing, expenses haven’t come down, and individuals at […] The post Rates, Rejections and Bureaucracy– Checking Out the marketplace Before It Relocations appeared initially on FreightWaves.
Get genuine with your costs: Do not anticipate market rates to do the work for you. Utilize your breakeven number as your anchor– if a load pays under it, leave. Control what you can control!Avoid overextending: The report reveals volatility isn’t going anywhere. Be cautious with financial obligation and growth right now. Grow where you have control– much better broker/shipper relationships, better lanes, much better driver performance.Watch genuine capability shifts: The freight market will not move until capability actually bleeds off. We’re not there. Track net authority changes weekly and listen for shifts– not noise. Finder’s information still isn’t showing exits quick enough.Build a durable service, not a reactive one: The ones who’ll win in this fog are the ones who aren’t hoping it clears– they’re building a GPS system of their own. You do that by tracking your essential performance indicators weekly, staying active and treating every load like a service choice– not a survival scramble.Sanjay Singh (Photos: Broward County Jail/Pexels)$158M Ponzi Plan Wrapped in a Trucking Company– What You Required to KnowA South Florida male is dealing with severe federal charges after presumably utilizing his trucking business, Royal Bengal Logistics Inc., as the front for a multimillion-dollar Ponzi scheme that preyed on numerous truck investors across the country.According to the indictment unsealed by the U.S. Lawyer’s Office for the Southern District of Florida, Sanjay Singh, 45, of Coral Springs, Florida, was jailed and charged with wire fraud, mail scams and money laundering tied to a fraudulent financial investment operation that took in more than $158 million from approximately 336 investors in between June 2020 and September 2023. The plan, as outlined in court files and the DOJ news release, focused on convincing individuals– a lot of them aspiring owner-operators or individuals without any prior trucking experience– that they could earn passive earnings by investing in the purchase and operation of semitrucks run by Singh’s company.”Singh is declared to have fooled financiers into believing they were acquiring industrial trucks to be operated by his trucking company,” said U.S. Attorney Markenzy Lapointe in a Might 30 press statement. “Instead, Singh took investors’ money and utilized it to keep the scheme going and for his own individual benefit.” window.googletag = window.googletag
Still Foggy at the Top– What the New Logistics Report Means for the Rest of UsFor all the hope around trucking bouncing back, the new CSCMP “State of Logistics Report” just affirmed what most small providers currently feel: Things are still off. Freight isn’t booming, costs have not come down, and the individuals at the top are still “navigating the fog”– while little fleets are stuck in it with no GPS.Here’s what matters from the Council of Supply Chain Management Professionals report and what you need to take away from it now: Logistics Expenses Are Still HighBased on the report, the market invested $2.6 trillion on logistics last year. That means brokers are big and still low-balling fleets still have the bulk of contract freight.Tariffs Are Back in the PictureNew tariffs are going to strike specific devices classifications, and it’s currently adding more cost pressure. That suggests freight is still moving but not adequate to force a complete rate reset. And with deadly underride crashes still making headlines, they say now’s not the time to reduce off the gas.Here’s the takeaway for small carriers and fleet owners: Even without the label requirement, you’re still on the hook to keep your rear effect guards in leading shape.
