13 May From the Summit – Week of 5/13/19
Summit Expedited’s newsletter featuring current market trends and other exciting news at Summit.
A Pause in the Market?
As we are halfway through the month of May, we have seen an expected rise in pricing within all sectors of the industry. Produce is starting to ship out of the south, causing a crunch in capacity which drives reefer and dry van rates up. Another seasonal pattern we have seen is construction, which picks up during spring and summer months and increases flatbed demand and rates.
If we take a look at current spot market rates, the only increase we observe are for reefer loads which have jumped three cents per mile this month. Dry vans have remained stable at $1.81 per mile and flatbed is currently trending downward at $2.32 per mile. Our SONAR map showing tender rejections compliments this data, showing that carriers are accepting a high percentage of the freight they are tendered. This shows that capacity is loose and carriers are looking to keep their equipment moving.
SEL Visits AIT Salt Lake City
SEL’s Director of Truckload Services Ron Tessendorf and National Account Executive Jeff Davidson visited AIT’s Salt Lake City last week to see the office and meet the team. “I have been working closely with Don Beck and Mike Alba for nearly 8 years. It was a great opportunity to see the daily operations and meet the people I work with face to face.” -Davidson. During this visit, SEL also had the opportunity to meet one of SLC’s most valued customers, The VOID. Tessendorf and the Branch Owner in Salt Lake City Don Beck presented a Diamond Customer Award to the members of The VOID team. SEL strives to foster strong partnerships within our industry, and we value the strategic relationship we have created with the SLC team. Thanks for having us!
Pictured from left to right: Clint Vanderlinden – Shop Specialist, Walt Shumway – Director of Construction Operations, Brad Ritchie – Director of Deployment, Ron Tessendorf and Don Beck.
Marcus Howard will be working as SEL’s newest Carrier Sales Representative from the LAX office in Torrance, CA while Kamil Krawiec has joined the SEL team in the Chicago office. Welcome to the team!
Summit Expedited Logistics is pleased to announce the enhancement of our 24/7 service and availability!
Since the beginning, SEL has provided 24/7 customer support via an on-call model for inquiries outside of normal business hours. With our new staffing arrangement, SEL call center representatives are at a workstation ready to respond immediately to your request at any time of the day or night. We are delighted to make this enhancement for our customers and we look forward to speaking with you soon.