18 Feb From the Summit – Week of 2/18/19
Summit Expedited’s newsletter featuring current market trends and other exciting news at Summit.
Market Comparison: January versus February 2019
In the last edition of From the Summit, we focused on the load-to-truck ratio in several markets in the US. Since then, we have seen a spike in load volume in most areas across the country. The comparison above shows rising load volumes within the last three weeks. California was at a .75 ratio at the end of January, but now shows 1.48 loads for each truck. A similar trend can be seen in Illinois going from .94 to 1.78, and Georgia going from 1.13 to 2.08. Almost every state across the nation has seen a rise in volume.
Although capacity has tightened due to the volume of freight, a seasonal rate decline has continued throughout February. When comparing dry van rates to the same time frame last year, we can see that prices have continued to drop an additional six cents. Rates should remain flat for the rest of February, but will likely start to increase throughout March.
The End of Cellphone-Based Tracking
Over the past few years, we have grown accustomed to the ability to track almost any driver by “pinging” their cell phone location. Although not always 100% dependable, it was a great improvement in providing timely and accurate updates to customers.
Recently, the FCC has scrutinized cell phone providers for being careless with their customers’ data and private information. Part of the telecom industry’s response has been disabling location data availability for app-less applications. Major providers such as Sprint and AT&T have halted the sharing of a phone’s location data, with the rest of the industry expected to follow their lead before the end of this month.
To combat this change, Summit is taking multiple steps in order to lessen the impact of this transition. The first step is carrier and driver education. As long as drivers have smart phones, we are still able to track them via an App installation. We are taking the time to guide our carriers through the App install, giving them step by step instructions, install duration, and information as to why we are tracking. Additionally, we have begun onboarding carriers for our new ELD Tracking program. Currently, we have approximately 60 carriers within our network that have signed up. After we onboard carriers, we have the ability to directly track trucks via their ELD unit.
News at SEL: Welcome to the SEL Team!
Although you may recognize him from his work with AIT, we are excited to introduce a new member to the SEL Team – Steve Gillette. Steve previously worked with freight brokers to provide truckload solutions to AIT stations and IC’s. From there, he has joined SEL with the goal to expand the partnership between AIT and SEL. He also plans to demonstrate improvements in performance and overall quality from our team. “I made this change because I believe SEL has the talent and ability to be the preferred capacity provider to AIT stations and IC’s. I am most excited about the opportunity to make an impact and serve the team.” –Gillette
We are excited to see how this change will improve the service we provide to our customers. We took the first step to improving performance and quality by asking for your feedback with the SEL Performance Survey. We appreciate your participation, as those responses will help us to better serve you. Thank you in advance!