Truckstop and BI Survey Shows Higher Contract Rates Surpass Lower Demand for Brokers

September 1, 2022

Home » Truckstop and BI Survey Shows Higher Contract Rates Surpass Lower Demand for Brokers

BOISE, Idaho, Aug. 31, 2022 - Earnings expectations for freight brokers might move higher according to the current Bloomberg|Truckstop study, which surveyed brokerage and truckload companies.

" Freight brokers are well-positioned to provide larger gross margins for the rest of 2022, provided their outlook for flat or down spot rates coupled with greater legal rates," stated Lee Klaskow, senior freight transport and logistics analyst at Bloomberg Intelligence. "Expanding margins could help reduce lower volume from challenging comparisons and moderating financial activity."

The Bloomberg|Truckstop Truckload 1H-22 study reveals Broker sentiment strikes a new low:
- Fewer brokers experience volume development: About 47% of survey respondents stated volume increased in 1H from a year previously. About 45% of those surveyed anticipate demand growth over the next six months, vs. 76% in 2H21.
- Flat spot rates may supply margin stability: The majority of brokers (52%) e ....

Other Transport News

‘Unconscionable’ to return money to Treasury instead of fixing potholes – Creecy

Transport Minister Barbara Creecy says “instant attention” will be provided to the “important problem” of the underspending of financing assigned to road maintenance and roadway building by both Department of Transport (DoT) entities and provincial transport departments. “In a country where residents should daily navigate the dangers of potholes it is unconscionable that we are returning money to National Treasury.”

read more

AA, Outa weigh in on new Transport Minister

Newly designated Transport Minister Barbara Creecy is the l lth minister in this portfolio because 1994, which is a cause for concern as continuity within federal government departments is crucial, states the Automobile Association (AA) of South Africa. The AA says the need for an improved transportation design in South Africa must be high up on Creecy’s program, as must efforts to enhance road safety.

read more

Steady hand needed as seventh Transport Minister appointed in 15 years – AA, Outa

Newly designated Transport Minister Barbara Creecy is the l lth minister in this portfolio since 1994, which is a cause for issue as continuity within federal government departments is important, states the Automobile Association (AA) of South Africa. The AA says the requirement for an enhanced transport model in South Africa need to be high up on Creecy’s program, as ought to efforts to improve road safety.

read more

Eastern Cape road projects planned

The South African National Roads Agency Limited (Sanral) announced in March that it expected to inject close to R2-billion into the Dr AB Xuma local municipality, in the Eastern Cape, when it implements its road maintenance projects over the next three years. The roads agency said it will implement two road infrastructure development projects in the municipality, which include the road improvements of the R61 National Road between All Saints and Bayiza, as well as road improvements of the R61 National Road between Qumanco and eNgcobo.

read more

Innovation, investment key to advance infrastructure growth

While difficulties such as moneying abilities and constraints scarcities persist, the roads and bridges sector is poised for development through strategic financial investments and technological developments. By leveraging and addressing obstacles development, South Africa can accomplish substantial improvements in its facilities, to the advantage of the economy and society, states civil engineering market organisation South African Institution of Civil Engineering 2025 president-elect Friedrich Slabbert.

read more

‘Highly technical’ phases start at Msikaba

The Msikaba Bridge project, in South Africa’s Eastern Cape, is progressing substantially, says building company Concor project director Laurence Savage, who notes the structure is now getting in technically challenging stages. The Msikaba Bridge forms part of the South African National Roads Agency Limited’s (Sanral’s) N2 Wild Coast project and is being constructed by a partnership in between Concor and building company Mecsa, particularly the CME joint endeavor. Both business are entirely black-owned, Construction Industry Development Board Grade 9CE-rated South African building companies.

read more