Manjit Singh’s Post

Founder & CEO at TransJet Cargo, Midland Oil, Golden Key Lending, Let's Build Indiana and Crelookup.com | Entrepreneur | Real Estate & Mortgage Expert | Fuel Distribution Leader

3mo

🚛 Truckload Prices Set to Rise in 2025: What Shippers Need to Know 📈 As we celebrate National Truck Driver Appreciation Week, it's a good time to acknowledge not just the hard work of drivers but also the evolving economic landscape in freight. 🔍 Key Update: The breakeven truckload cost per mile is now $2.72—a 4.4% increase from 2023. While fuel prices have dipped, rising costs in driver wages, equipment, and maintenance continue to push overall prices higher. 💡 What This Means: Shippers should anticipate steady or increasing spot rates into 2025. Now is the time to revisit logistics strategies, optimize routes, and strengthen carrier relationships to stay competitive. Staying proactive today will help you manage costs tomorrow. #Trucking #Freight #Logistics #SupplyChain #Truckload

Brad Forester

Helping shippers select, implement and manage Transportation & Fleet Management Systems | TMS Implementation Expert

3mo

Truckload Prices Are Primed To Increase In 2025 As we honor the invaluable contributions of truck drivers this week, it's essential for shippers to stay informed about the economic factors impacting their operations. Our latest article provides an updated analysis on the expected rise in truckload prices for 2025 and offers actionable insights for shippers. Here are the key updates you need to know: 📌 Truckload Breakeven Price Per Mile is now $2.72, reflecting a 4.4% increase from our September 2023 estimate 📌 Cost Factors have evolved: While fuel costs have decreased, driver wages, lease/purchase prices, and maintenance costs have risen 📌 Despite the drop in fuel prices, Spot Rates remain steady at or above $2.00 per mile 📌 Essential strategies for shippers to mitigate potential price increases and highlights factors that could either increase or decrease costs Equip yourself with the insights you need to effectively navigate potential changes in freight transportation costs. Read the full analysis here: https://lnkd.in/eEpayTSX #NationalTruckDriverAppreciationWeek #ntdaw24 Follow 🔔 #jbfreporter for industry news updates

3 Comments

Rupinder Singh

Team lead at Neovia logistics

3mo

Not rising up it would be worsting then 2024 but 2028 good opportunity for trucking business

Kapil Sehgal

15 years experience in Finance & Accounts (FP&A, Accounting, Shared Services, Income Tax, Reporting, Budgets, Investor Relations and more)

3mo

time for improving the unit economics

Jude David, JD, DCL, MBA

Ready to Sell Your Mid-Market Company! Managing Partner at Final Ascent | Chief Executive Officer at Kin Capital Partners | Executive Chairman at Stately Doors & Windows

3mo

Insightful

See more comments

To view or add a comment, sign in

More Relevant Posts

JBF Consulting

1,955 followers
3mo
Report this post
Commercial Trucking Operating Costs Mid-Year 2024-Q3 Update Equip yourself with the insights you need to effectively navigate potential changes in freight transportation costs. Read the full analysis here👇 #NTDAW24
Brad Forester

Helping shippers select, implement and manage Transportation & Fleet Management Systems | TMS Implementation Expert
3mo

Truckload Prices Are Primed To Increase In 2025 As we honor the invaluable contributions of truck drivers this week, it's essential for shippers to stay informed about the economic factors impacting their operations. Our latest article provides an updated analysis on the expected rise in truckload prices for 2025 and offers actionable insights for shippers. Here are the key updates you need to know: 📌 Truckload Breakeven Price Per Mile is now $2.72, reflecting a 4.4% increase from our September 2023 estimate 📌 Cost Factors have evolved: While fuel costs have decreased, driver wages, lease/purchase prices, and maintenance costs have risen 📌 Despite the drop in fuel prices, Spot Rates remain steady at or above $2.00 per mile 📌 Essential strategies for shippers to mitigate potential price increases and highlights factors that could either increase or decrease costs Equip yourself with the insights you need to effectively navigate potential changes in freight transportation costs. Read the full analysis here: https://lnkd.in/eEpayTSX #NationalTruckDriverAppreciationWeek #ntdaw24 Follow 🔔 #jbfreporter for industry news updates
Like Comment
To view or add a comment, sign in
Aditya P.

VP & Head - Automotive, Transportation & Logistics | Incubator | Scaler
3mo
Report this post
The rise in Truckload prices will necessitate more efficient planning and movement. If sustained, it could signal headroom for truckers to make the much deferred investments in fleet, operations and technologies.
Brad Forester

Helping shippers select, implement and manage Transportation & Fleet Management Systems | TMS Implementation Expert
3mo

Truckload Prices Are Primed To Increase In 2025 As we honor the invaluable contributions of truck drivers this week, it's essential for shippers to stay informed about the economic factors impacting their operations. Our latest article provides an updated analysis on the expected rise in truckload prices for 2025 and offers actionable insights for shippers. Here are the key updates you need to know: 📌 Truckload Breakeven Price Per Mile is now $2.72, reflecting a 4.4% increase from our September 2023 estimate 📌 Cost Factors have evolved: While fuel costs have decreased, driver wages, lease/purchase prices, and maintenance costs have risen 📌 Despite the drop in fuel prices, Spot Rates remain steady at or above $2.00 per mile 📌 Essential strategies for shippers to mitigate potential price increases and highlights factors that could either increase or decrease costs Equip yourself with the insights you need to effectively navigate potential changes in freight transportation costs. Read the full analysis here: https://lnkd.in/eEpayTSX #NationalTruckDriverAppreciationWeek #ntdaw24 Follow 🔔 #jbfreporter for industry news updates
Like Comment
To view or add a comment, sign in
Jose de la Cruz

Project Manager - Outsourcing & Logistics
3mo
Report this post
As 2025 approaches, rising truckload prices are shaping up to impact all of us in the freight industry. With the growth we've been tracking in high-demand states like Texas, Florida, and North Carolina, it's crucial to stay ahead of this shift. A balance between flexibility in service offerings and securing long-term partnerships will be vital. For businesses like mine, specializing in tailored freight solutions—from partial loads to specialized equipment transport—this is a reminder to constantly optimize efficiency. As we adjust our approach to align with evolving pricing, it’s an opportunity to reinforce our value with clients. Flexibility and industry knowledge will remain our strongest assets. If you're also navigating these changes, let's connect and share insights on how to weather the storm ahead.
Brad Forester

Helping shippers select, implement and manage Transportation & Fleet Management Systems | TMS Implementation Expert
3mo

Truckload Prices Are Primed To Increase In 2025 As we honor the invaluable contributions of truck drivers this week, it's essential for shippers to stay informed about the economic factors impacting their operations. Our latest article provides an updated analysis on the expected rise in truckload prices for 2025 and offers actionable insights for shippers. Here are the key updates you need to know: 📌 Truckload Breakeven Price Per Mile is now $2.72, reflecting a 4.4% increase from our September 2023 estimate 📌 Cost Factors have evolved: While fuel costs have decreased, driver wages, lease/purchase prices, and maintenance costs have risen 📌 Despite the drop in fuel prices, Spot Rates remain steady at or above $2.00 per mile 📌 Essential strategies for shippers to mitigate potential price increases and highlights factors that could either increase or decrease costs Equip yourself with the insights you need to effectively navigate potential changes in freight transportation costs. Read the full analysis here: https://lnkd.in/eEpayTSX #NationalTruckDriverAppreciationWeek #ntdaw24 Follow 🔔 #jbfreporter for industry news updates
Like Comment
To view or add a comment, sign in
Brad Forester

Helping shippers select, implement and manage Transportation & Fleet Management Systems | TMS Implementation Expert
3mo
Report this post
Truckload Prices Are Primed To Increase In 2025 As we honor the invaluable contributions of truck drivers this week, it's essential for shippers to stay informed about the economic factors impacting their operations. Our latest article provides an updated analysis on the expected rise in truckload prices for 2025 and offers actionable insights for shippers. Here are the key updates you need to know: 📌 Truckload Breakeven Price Per Mile is now $2.72, reflecting a 4.4% increase from our September 2023 estimate 📌 Cost Factors have evolved: While fuel costs have decreased, driver wages, lease/purchase prices, and maintenance costs have risen 📌 Despite the drop in fuel prices, Spot Rates remain steady at or above $2.00 per mile 📌 Essential strategies for shippers to mitigate potential price increases and highlights factors that could either increase or decrease costs Equip yourself with the insights you need to effectively navigate potential changes in freight transportation costs. Read the full analysis here: https://lnkd.in/eEpayTSX #NationalTruckDriverAppreciationWeek #ntdaw24 Follow 🔔 #jbfreporter for industry news updates
71 Comments
Like Comment
To view or add a comment, sign in
Cornerstone Edge, LLC

510 followers
3mo
Report this post
🚚 Truckload prices are expected to rise in 2025—are you prepared? Our partners at JBF Consulting have shared key insights on what’s driving these changes and how shippers can stay ahead. Check out their full analysis to stay informed! 👇 Read below #NationalTruckDriverAppreciationWeek #SupplyChain #Freight
Brad Forester

Helping shippers select, implement and manage Transportation & Fleet Management Systems | TMS Implementation Expert
3mo

Truckload Prices Are Primed To Increase In 2025 As we honor the invaluable contributions of truck drivers this week, it's essential for shippers to stay informed about the economic factors impacting their operations. Our latest article provides an updated analysis on the expected rise in truckload prices for 2025 and offers actionable insights for shippers. Here are the key updates you need to know: 📌 Truckload Breakeven Price Per Mile is now $2.72, reflecting a 4.4% increase from our September 2023 estimate 📌 Cost Factors have evolved: While fuel costs have decreased, driver wages, lease/purchase prices, and maintenance costs have risen 📌 Despite the drop in fuel prices, Spot Rates remain steady at or above $2.00 per mile 📌 Essential strategies for shippers to mitigate potential price increases and highlights factors that could either increase or decrease costs Equip yourself with the insights you need to effectively navigate potential changes in freight transportation costs. Read the full analysis here: https://lnkd.in/eEpayTSX #NationalTruckDriverAppreciationWeek #ntdaw24 Follow 🔔 #jbfreporter for industry news updates
Like Comment
To view or add a comment, sign in
Stefan Trifan

President @ Freight Sync | Operations Management, Board of Directors
2mo
Report this post
Understanding the True Cost of Trucking Knowing the actual cost to move freight is critical for a shipper or owner-operator. Did you know that the breakeven cost for new equipment in trucking is $2.72 per mile? Here’s the breakdown: • 37% Driver Wages: $0.996 per mile • 20% Fuel Costs: $0.558 per mile • 9% Maintenance: $0.252 per mile Every mile counts, and with fluctuating fuel prices and operational costs, understanding this breakdown helps ensure you’re getting the best value. At APL Cargo, we aim to streamline costs, optimize routes, and inform our clients and partners of every detail. By partnering with us, you’ll benefit from: ✅ Competitive rates ✅ Efficient fleet management ✅ Clear communication Let’s work together to keep your freight moving smoothly and cost-effectively. #Logistics #Trucking #CostManagement #OwnerOperator #Shippers #Freight
Brad Forester

Helping shippers select, implement and manage Transportation & Fleet Management Systems | TMS Implementation Expert
3mo

Truckload Prices Are Primed To Increase In 2025 As we honor the invaluable contributions of truck drivers this week, it's essential for shippers to stay informed about the economic factors impacting their operations. Our latest article provides an updated analysis on the expected rise in truckload prices for 2025 and offers actionable insights for shippers. Here are the key updates you need to know: 📌 Truckload Breakeven Price Per Mile is now $2.72, reflecting a 4.4% increase from our September 2023 estimate 📌 Cost Factors have evolved: While fuel costs have decreased, driver wages, lease/purchase prices, and maintenance costs have risen 📌 Despite the drop in fuel prices, Spot Rates remain steady at or above $2.00 per mile 📌 Essential strategies for shippers to mitigate potential price increases and highlights factors that could either increase or decrease costs Equip yourself with the insights you need to effectively navigate potential changes in freight transportation costs. Read the full analysis here: https://lnkd.in/eEpayTSX #NationalTruckDriverAppreciationWeek #ntdaw24 Follow 🔔 #jbfreporter for industry news updates
1 Comment
Like Comment
To view or add a comment, sign in
DAT Freight & Analytics

159,187 followers
3mo
Report this post
Spot market capacity tightened last week, with truckers taking time off for the holiday weekend and shippers moving freight ahead of quarter close. But even with the spike, national average spot rates were down in August for all trailer types. ➡️ https://bit.ly/4aNf78i #DATTrendlines #TruckingIndustryTrends

DAT Trendlines: Trucking Industry Trends

https://www.dat.com
Like Comment
To view or add a comment, sign in
Arrive Logistics

47,423 followers
2mo
Report this post
Arrive recently released our 2025 Truckload Freight Rates Forecast, which predicts rate trends through the end of 2025. In this forecast, we anticipate spot rates will remain relatively stable through the remainder of 2024 and most of the first half of 2025, showing moderate year-over-year growth with typical seasonal volatility. Read the complete forecast here: https://lnkd.in/gZbVPrGV #ArriveInsights #MarketInsights

2025 Truckload Freight Forecast - Arrive Logistics

https://www.arrivelogistics.com

1 Comment
Like Comment
To view or add a comment, sign in
DAT Freight & Analytics

159,187 followers
3mo
Report this post
As expected, spot market truckload volumes fell last week, following the spike in demand that occurred in the run-up to Labor Day and the close of Q3. As a result, national average rates and load-to-truck ratios for dry van and reefer freight fell, but flatbed markets tightened. ➡️ https://bit.ly/4aNf78i #DATTrendlines #TruckingIndustryTrends

DAT Trendlines: Trucking Industry Trends

https://www.dat.com
Like Comment
To view or add a comment, sign in
A.N. Webber Logistics, Inc.

1,216 followers
4mo
Report this post
In July 2024, both U.S. truckload #FTL and less-than-truckload #LTL rates increased due to a rise in shipment volumes, reflecting a strengthening freight market: https://lnkd.in/g_wimHsn This growth is attributed to a rebound in economic activities and higher consumer demand, leading to increased pressure on trucking capacity. Truckload rates saw a significant jump as more shipments were moved, while LTL pricing also rose as carriers benefited from higher volume and improved efficiencies. This trend indicates a positive shift in the trucking industry, with potential for continued growth. As the freight market attempts to bounce back, A.N. Webber is poised to help your business navigate these changes efficiently. Our expertise in both truckload and LTL shipping ensures that your freight is managed effectively, even as demand increases and pricing fluctuates. With a focus on providing reliable and cost-effective solutions, we can support your logistics needs as the industry continues to fluctuate. https://lnkd.in/g-nYt9uX

US truckload, LTL pricing both rise in July, along with shipments | Journal of Commerce

joc.com
Like Comment
To view or add a comment, sign in

3,863 followers

157 Posts

View Profile Follow

Manjit Singh’s Post

More Relevant Posts

Explore topics