Press Release: Trans4Cast Powered by Internet Truckstop Market Demand Index (MDI) Increases 7%

New Plymouth, Idaho September 5, 2012–Internet Truckstop, the largest web-based freight matching service in the transportation industry reports that the Market Demand Index (MDI) increased 7% to 12.96 from 12.14 the previous week as reported in the weekly Trans4Cast.

The overall average equipment rate increased 4% to $2.17 from $2.10 the previous week. Flatbed rates remained unchanged at $2.01 from the previous week. Reefer rates increased 3% to $2.21 from $2.14 the previous week. Specialized truck rates increased 4% to $2.54 from $2.45 the previous week. Van rates increased 7% to $1.92 from $1.79 the previous week.

“The flat-line trend for trucking metrics broke this week, with volumes and rates moving significantly to the upside. This improvement in loads is partly seasonal, but is also attributable to a mildly improving economic climate. However, the overall economic outlook for trucking remains relatively weak, supporting expectations of moderate but unimpressive growth for the sector across the second half of 2012.” Jeremy West, Internet Truckstop Economist

About Trans4Cast powered by Internet Truckstop
Trans4Cast
is the compilation of highly relevant data, easily accessible to all trucking professionals. The Market Demand Index (MDI), a measure of relative truck demand, is culled from Internet Truckstop data. Internet Truckstop compiles this weekly report that will assist in making critical business decisions. The report is now a web series with a news anchor and appears as the Industry Economic Update  on BigTruckTV.com, Internet Truckstop, and Truckload Carriers Association. The show is produced bi-weekly and can be accessed online 24/7. Jeremy West is the economic consultant preparing this report. He holds a bachelor of science in Economics, with minor degrees in Business and Creative Studies, from Texas A&M University, where he is currently completing a doctorate in Economics. For more information on Trans4Cast, please contact Roxanne Bullard at 1-800-203-2540 ext. 6230.

About Internet Truckstop
Founded in 1995, Internet Truckstop is the first and largest freight matching service on the web. Internet Truckstop offers more tools than any other freight matching service available. These easy-to-use tools, the largest freight database, and a commitment to the transportation industry make Internet Truckstop the leader in Internet freight matching.

Source:
Stephanie Sternes
800-203-2540 ext. 6186
stephanies@truckstop.com

Industry Economic Update on LinkedIn

 

Big Truck TV and Internet Truckstop have collaboratively partnered to create a twice monthly video webcast called the Industry Economic Update. The show highlights the key economic metrics and issues facing the trucking industry. We have created a LinkedIn group  to provide a complementary forum to the webcast and is intended to bring together industry executives, economists, legislators, and consultants from trucking, logistics shippers, brokers, academia and government to highlight and constructively debate the economics of trucking in order to table concrete ideas and possible solutions to the challenges facing the industry. If you are a member of LinkedIn please check out this group and become a member.

Precautions Ahead Of Isaac

The ATA and other organizations are advising drivers and truckers  to take precautions ahead of the soon to be Hurricane Isaac. The Federal Motor Carrier Safety Administration (FMCSA) are also warning drivers and motor carriers to be careful and are urging them to look at what trucking laws have been suspended and how it may effect you. You can view that article here http://www.fmcsa.dot.gov/emergency/disaster-relief.htm

For more information, ATA encourages people to visit Ready.gov or http://www.redcross.org/. Also, for carriers interested in assisting in post-incident relief efforts, please visit the American Logistics Aid Network at http://www.alanaid.org/ or go to trucking.org.

BACK TO THE BASICS, FINDING NEW SHIPPER CLIENTS

Our very own Pat Dickard will be bringing you a webinar today at 1PM MST. the subject is BACK TO THE BASICS, FINDING NEW SHIPPER CLIENTS.

Finding new customers and markets is the number one problem that must be solved for small and mid-sized brokerages.  To compete and grow, or even to simply survive in this new economy Freight Brokers must go on the attack and look for new customers and markets.  A successful future will require better external information on customer’s needs to find new markets to enter for new sales opportunities.  Join this webinar for a quick refresher on sales techniques and learn about ITS services that will help you have a brighter future.

To sign up for his webinar click on the this link https://www2.gotomeeting.com/register/790410970  and register. We hope you enjoy and learn from one of the best we have. Have a great day!

A Look Back At GATS 2012

Internet Truckstop attended the Great American Trucking Show this past weekend in Dallas, TX. Our own Gerin Powell was one our representatives at GATS and here is what she had to say about her experience.

The Great American Truck show is the 2nd largest trucking show and this year seemed to be a huge success. People where lined up at the doors on opening day waiting to walk around and get information on the latest and greatest in the industry.  I had the opportunity to attend this year, and I was happy I did. Our booth was busy the whole show with present/new customers wanting information on our new services such as Carrier Registration Service and CACCI.  These shows are great for us because it gives us a chance to put a face with a name.  We were able to provide our customers with hands on training, talk with them about what’s happening in the industry, hear their suggestions/needs and even had several who were conducting business and needed to search for a load or check on a load status while in our booth.  I really enjoyed talking with all of our customers and I am very excited for the new customers and relationships I had the opportunity to meet and build.

We were also excited to be part of several new projects being launched at GATS.  One being, Team Run Smart Freightliner, the online community for all truckers.  Internet Truckstop was named the exclusive load board for this site.  We are very honored to be part of this community, we’re all facing increasing industry pressures such as keeping operating costs low to staying healthier on the road, being business smart and fuel smart. Internet Truckstop is excited to be able to share information and help in the success of the industry.

Overall, I was very pleased with the GATS show and look forward to next year.  Thank you to everyone who came by our booth, it was a pleasure meeting everyone! See you next year.

The Current State of the Economy and the Outlook for Trucking

The transportation sector is stagnant. Recent metrics of trucking volumes, such as the American Trucking Association’s monthly Truck Tonnage Index, and Internet Truckstop’s weekly Market Demand Index (which I personally report), have been flat for several weeks to months.

Partly, these mediocre trucking volumes reflect a broader lethargic economy. Second quarter GDP and personal consumption expenditures grew at a meager 1.5%. And, the near-term outlook is far from rosy. The nonpartisan U.S. Congressional Budget Office released GDP forecasts this week that, under some (unlikely) scenarios, see the economy re-enter recession during 2013 (the CBO’s more plausible expectation is for a continued slow pace of economic growth).

There is some semblance of a silver lining: construction activity is improving, as I noted in my previous post, and factory output has been slowly but steadily increasing. However, there is also a lot of broader economic uncertainty. Whereas economic indicators for the second quarter of 2012 were poor, reflecting a pattern of faltering growth, metrics released so far for July and August show potential for a somewhat more upbeat economy during the second half of this year.

In particular, July Retail Sales improved by 0.8%, breaking a three-month trend of declining sales volumes.Industrial Production increased by 0.6%, another noteworthy gain. The Reuters/University of Michigan Consumer Sentiment Index (preliminary) value for August shows a substantial improvement of consumer confidence. And, more residential building permits were issued in July than in any month during the past four years (building permits serve as a good leading indicator of future construction activity, which is a major component of demand for trucking).

It remains to be seen whether these more positive indicators will translate into improved trucking volumes and help break the industry out of its current flat pattern.

Jeremy West

ITS Business Development Webinar Series

Internet Truckstop with the help of our corporate trainer Pat Dickard and the occasional guest speaker bring you weekly webinars to help learn tools to strengthen your business strategies in the transportation industry. Our webinars are also great for someone just starting in the industry or a veteran in transportation and helps you become more effective and efficient in a competitive economy.

To sign up for one of our webinars you can email Pat himself at patd@truckstop.com, sign up from our homepage at http://www.truckstop.com. Be sure to follow us on Facebook, Twitter or LinkedIn for a fast and easy way to learn more about and sign up for that week’s webinar.

Press Release: Broader economic barometers are marginally improving, but it remains to be seen whether this will translate into improved trucking volumes and help break the industry out of its current flat pattern.

 

 

New Plymouth, Idaho August 27 2012–There was an increase in the ITS Market Demand Index (MDI) last week. Load availability and truck searching numbers seemed to increase while load searching and truck availability decreased.

The overall average equipment rate decreased. Reefer rates increased while flatbed rates remained the same.

We are seeing an increase in the fuel prices from last week. The lowest average cost of fuel is $3.89 and the highest is $4.25. There is a risk of a price spike due to Middle East tensions.

“The transportation sector continues to stagnate. Broader economic barometers are marginally improving, but it remains to be seen whether this will translate into improved trucking volumes and help break the industry out of its current flat pattern.”
Jeremy West, Internet Truckstop Economist

About Internet Truckstop
Founded in 1995, Internet Truckstop was the first online freight matching service. Listening to the transportation industry is the driving force behind all of the innovative business tools that we develop. These easy-to-use tools, the largest freight database and a commitment to our customers makes Internet Truckstop the leader in Internet freight matching.

Our success is defined by our customers’ success.

For more information on the Trans4Cast newsletter please visit www.trans4cast.com or call 1-800-203-2540 x 6180

Source:
Leigh Foxall
leigh@truckstop.com
800-203-2540 ext. 6180 

New Website Promotes Driver Appreciation and Wellness

The Truckload Carriers Association (TCA) and Internet Truckstop have teamed up to give thanks to the heroes of our industry.  The recently launched website http://www.driverappreciation.com was created to help show support and give thanks to just those heroes. The website was also created to help promote a healthy lifestyle in trucking. You can read our full article on page 27 of our ITS Online Magazine.