This Week in Freight
Construction labor reports came out and suggested that building is spinning back up, as the last of the winter weather impacts the west, north, and east coasts. That caused us to wonder how shippers’ demand for flatbed trucks is impacting the market, specifically the 3PLs. It turns out that when compared to our benchmark year of 2019, week versus week order counts are up 98% in 2023. Broker margins, while down from 2023, hover around $300 per transaction, and the average rate for a flatbed moving more than 250 miles is $2,226 all-in, implying a 13% net margin.