At FreightorGator, we believe in watching the shipping industry and staying current in LTL freight trends to be able to provide our customers with the best tools for their shipping needs. With this in mind, 2017 will be an interesting year for both shippers and carriers alike.
With a slight rise in GDP, driver shortages, and new regulatory demands affecting carriers, it’s more important than ever for shippers and small businesses to find the best pricing and services available for their companies.
Some Trends Affecting Shipping Costs this Year
1. A slight rise in GDP, along with increased shipping demands, may be good news for the economy, but it can also mean increased rates from carriers nationwide. In order to keep up with new contracts and shipping needs, drivers will be on the road more, leading to increases in pay and fuel. In fact, the LTL industry is expected to see an annual growth of 2% in 2017 due to these trends.
2. For several years now, the trucking industry has seen a decrease in drivers as well as a high turnover rate for current drivers. In order to meet increased shipping demands, carriers have had to pay current drivers’ higher salaries to entice them to stay on board. It also means that there are less drivers available to carry shipments and workload all around is increased for everyone. Balancing this out for drivers could increase pricing for shippers. However, this may lead to an overall better freight experience in the industry.
3. New regulations in the carrier industry could mean various things for shippers. Some of the regulations on the horizon include lowering maximum hours for drivers and the introduction of speed limiting devices on the trucks themselves. Essentially, drivers will be driving less hours and taking longer to get to their destinations leading to increased costs for carrier companies.
Good News for Small Businesses That Depend On LTL Freight
While this forecast may seem bleak, (although things are looking up for carriers!), we’re confident that our model at FreightorGator will make it easier than ever to cut through the long hours and headaches surrounding the changes! FreightorGator is a major player in the LTL freight space, and our quoting process is revolutionizing how small businesses like you ship freight.
Traditionally, small business shippers have been left alone to wade the confusing and frustrating waters of choosing a carrier, wasting both time and money. Similarly, if they hire a 3PL, those services will also increase in price as they navigate uncharted territory for their clients. Either way, mistakes are made, data is left out and you, as the shipper, are left crossing your fingers merely hoping for a good deal.
Enter our innovative, technology-based LTL exchange model. By cutting the middle-man and putting all your choices in an easy-to-compare format, our density/class calculator makes it easier and simpler than ever to arrange and carry out your shipments! With FreightorGator, our main priority is to take the headache and worry out of shipping. You get to choose transparently from top carriers in the industry—seeing quotes is free and booking through us only costs a flat fee of $25. If you’re ready to make your shipping process easier than ever, book with FreightorGator today and say “Later, Gator” to those pesky overhead charges you’ve been racking up!