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
Engineering execs warn that policy failures, weak accountability are deepening the … In this video, Gibb CEO Vishaal Lutchman, Gibb EPCM GM Ntshavheni Phidza and SACPCMP president Lufuno Ratsiku discuss challenges in achieving sustainable growth in the construction sector.
South Africa’s facilities healing will continue to stall unless government, industry and expert bodies shift from problem-identification to concrete application, engineering executives stated during a roundtable discussion hosted by engineering firm Gibb, in Johannesburg, on December 2. The speakers collectively alerted that policy paralysis, a shrinking skills base and a lack of measurable responsibility were avoiding the country from reversing infrastructure degeneration and bring back economic stability.
Engineering execs warn that policy failures, weak accountability are deepening the …
South Africa’s facilities healing will continue to stall unless federal government, market and expert bodies shift from problem-identification to concrete application, engineering executives stated during a roundtable conversation hosted by engineering firm Gibb, in Johannesburg, on December 2. The speakers collectively alerted that policy paralysis, a diminishing skills base and an absence of measurable accountability were preventing the nation from reversing facilities wear and tear and restoring financial stability.
TNPA completes Durban’s Bayhead road ahead of schedule
State-owned Transnet National Ports Authority (TNPA) has reported that it has effectively completed the rehab of Bayhead road at the Port of Durban a month ahead of schedule. The utility states this early job conclusion turning point is completely timed ahead of the busy festive season and will permit smooth freight motion for South African customers.
Uber launches electric offering in South Africa, showcases Moto product Uber sub-Saharan Africa GM Deepesh Thomas welcomes the company’s new low-cost mobility product offerings
Transport business Uber on November introduced its Uber Go Electric using for South Africa at an event in Johannesburg, and likewise used the event to highlight its recently-established Uber Moto offering. The 2 offerings belong to the business’s affordable mobility journey, focused on providing an Uber option for the about 40% of individuals in the nation that do not have access to reputable, safe and sustainable transport, Uber sub-Saharan Africa GM Deepesh Thomas described to Engineering News at the launch.
Rehabilitation work on the N4 progressing well ahead of the festive season – TRAC
N4 concessionaire Trans African Concessions (TRAC) has warned visitors ahead of the joyful season that several major upgrade and rehabilitation projects are still continuous on the toll route between Gauteng and Mozambique. “These efforts form part of TRAC’s ongoing dedication to keeping the passage safe, well-maintained and effective,” states the business.
Sanral continues to roll out R4bn in upgrades to the N1
The South African National Roads Agency Limited (Sanral) says it is continuing its rollout of almost R4-billion in upgrades to the N1 freeway from Scottland to Winburg, and Zandkraal to Scottland, in the Free State. Sanral Free State provincial head Marlize Nel-Verwey says the upgrade project, which started in January this year, is expected to be completed in July 2028.
Outa, Fines SA welcome AARTO implementation delay
The Organisation Undoing Tax Abuse (Outa) and digital traffic fines platform Fines SA have actually invited the statement by the Department of Transport to postpone the implementation of the Administrative Adjudication of Road Traffic Offences (AARTO) Act to July 1, 2026. In a November 11 media release, Outa says it welcomes federal government’s recognition that the AARTO system is not all set for execution.
Insimbi Ridge Precinct to build new inland staging, intermodal capacity for N3 corridor
Privately funded freight-corridor hub the Insimbi Ridge Precinct, which will present new inland staging and intermodal capacity, in Cato Ridge, KwaZulu-Natal, that will directly relieve pressure on the Port of Durban and the N3 corridor, was formally introduced on November 10. It is the very first provincially designated freight node under Strategic Integrated Project 2 (SIP 2), which is the national freight, rail and logistics passage connecting Durban to Gauteng.
Road upgrades promise enhanced operations
The construction works for the upgrade of the N2 and N3 freeways in KwaZulu-Natal– worth R19-billion for the N2 and R33-billion for the N3– are on track for conclusion in 2032, says SANRAL KwaZulu-Natal Provincial Head Dudley Mbambo. Construction work began in between 2020 and 2022, and the upgrade will contribute toward the production of highways and interchanges that are “adequately capacitated” for commuter transport, freight and logistics functions.
Cape Town progresses infrastructure development projects
The City of Cape Town (CoCT) has actually completed the construction of 2 new MyCiTi bus depots on the corner of Spine road and Mew method in between Khayelitsha and Mitchells Plain and is progressing with its Edward Avenue housing project in the Grassy Park location of Ottery. The two MyCiTi 7.5-ha depots– which are equipped with automated bus cleaners, mechanical workshops, office space, refuelling centers, and underground electric bus charging centers– will both have the ability to store 145 buses that will take a trip the south-east route growth.