30 Aug From the Summit – Week of 8/27/18
Summit Expedited’s newsletter featuring current market trends and other exciting news at Summit.
Labor Day 2018
Labor Day is almost here, which means the kids are headed back to school. Overall, we can see a steady drop in rates per mile throughout August. However, rates this week only fell one cent. This was caused by the last minute push in back-to-school supplies, which tightened market capacity. One thing to keep in mind going into the holiday weekend – If a customer wants freight moved over the next few days, rates will likely be higher than normal. Feel free to reach out to us with any questions!
Looking further down the road, we should not expect this recent pricing trend to continue. As the busy season approaches, we anticipate tighter capacity and higher rates, especially in the Western region. We will be sure to keep you up-to-date on current pricing trends in upcoming newsletters From The Summit!
Mexico Implements First Ever HOS Regulations
Up until this week, hours of service in Mexico were set by individual transportation companies. Now, hours of service will be regulated at a federal level. The rules that took effect August 28th are:
- Drivers must take a 30 minute break after driving for five consecutive hours
- Driver must take an eight hour break after driving 14 hours
- Drivers are not permitted to drive more than 14 hours within a 24 hour period
- Drivers will be required to track their HOS and keep a log in their vehicle
While the goal of these new regulations is to make Mexico’s roads safer and decrease accidents, some companies are worried that the change will make drivers vulnerable and increase thefts. As we move forward, it will be interesting to see what outcome these regulations have on the transportation industry in Mexico and the US.