Survey: Freight Brokers Optimistic Regardless of Market Challenges – Fleet Administration
About 49% of these surveyed count on demand development over the following six months versus 45% within the first half of 2022 and 76% in second half of 2022.
Photograph: Gettyimages.com/epicurean
Freight brokers are much less pessimistic than anticipated given the challenges the business faces from declining quantity and charge pressures, based on outcomes of a semi-annual freight dealer survey performed by Bloomberg Intelligence and Truckstop.
“Freight brokers seem unfazed by the collapse in spot truckload charges and the results of moderating financial exercise on demand, contractual charges and gross margins,” mentioned Lee Klaskow, senior freight transportation and logistics analyst at Bloomberg Intelligence, in a press launch. “Solely 12% of respondents count on gross margins to contract over the following six months.”
The Bloomberg | Truckstop Truckload 2H-22 survey discovered:
1. Dealer Demand Sentiment is Upbeat
About 41% of respondents mentioned quantity rose within the second half of 2022 in contrast with a yr earlier, about 6 proportion factors decrease than within the survey within the first half of 2022. Although extra respondents reported development, the magnitude of declines have been better.
2. Brokers Stay Comparatively Optimistic About Demand Progress
About 49% of these surveyed count on demand development over the following six months versus 45% within the first half of 2022 and 76% in second half of 2022.
3. Brokers Cut up About The place Charges are Headed
Spot charges excluding gas surcharges have fallen 24% over the previous 12 months after peaking on the finish of 2021. About 34% count on charges to lower within the subsequent six months, whereas 28% see them rising.
4. Brokers Much less Enthusiastic About Elevate Contract Charges with Shippers
About 22% of brokers polled count on to spice up charges within the subsequent six months; 14 proportion factors beneath the survey within the first half of 2022 and 34 proportion factors behind the report within the second half of 2022.
“The vast majority of brokers surveyed reported development from the earlier yr,” mentioned Truckstop CEO Kendra Tucker. “This tells us that the know-how and options we offer brokers proceed to be an integral a part of serving to them develop their enterprise in all market situations.”
The Bloomberg | Truckstop survey of freight brokers’ most up-to-date pattern measurement was 112, consisting of freight forwarders, third-party logistics suppliers and dealer brokers, in addition to asset and non-asset-based brokers. Most respondents (74%) have 1-50 staff. Of these surveyed, non-asset-based brokers made up the most important group (40%).
The whole survey is out there to Bloomberg Terminal subscribers by way of BI.
