28 Feb 2017
Increased Rates Likely
Many larger less-than-truckload (LTL) carriers emerged from 2016 with much lower profit margins than anticipated. However, things are looking up in 2017. As of February, LTL volume has grown to the point that carriers are confident that rates may be raised soon.
A recent joint survey by NASSTRAC, Journal of Commerce and Truckstop.com found that less than half of the 14,000 shippers and brokers surveyed anticipate only a slight rate increase. Some 14 percent of those surveyed expect rates to drop. Logistics Management forecasts a 2% increase in LTL pricing; however, several LTL carriers have published a 4.9% rate increase to encourage growth. As rates increase, AMTR’s ‘Smart’ Auditors can help you to ensure that you are not overpaying.