In Savannah and Charleston spot rates have reached all-time highs this last fall and reflected more than 2x the rate that truckers were being paid in the contract market. As drivers operate as owner-operators and being their own business owners, they are free to do as they please.
The shift of drivers between large and small carriers is a common occurrence in the truckload market. As rates go up, drivers will leave the large companies, begin to operate under their own authority, then make money hauling the more profitable freight via the spot market. When rates fall, drivers will revert to the safety of the large trucking companies with a steadier clientele and reliable business.
As the season dies down due to the upcoming Chinese New Year, the market should prepare for what lies ahead.
For more information please visit the article https://www.joc.com/trucking-logistics/drayage/shift-drayage-drivers-tightening-capacity_20220119.html
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About GSC Logistics-
Headquartered in Oakland, California, GSC Logistics is a leading provider of high-volume, full-service shipping programs including ocean and intermodal drayage, domestic and import/export cross-dock deconsolidation, overweight transportation, D.C. bypass programs, brokerage, and refrigerated and dry truckload services. Understanding the challenges commercial organizations face in resources, capacity, and scalability, GSC Logistics guides its clients through the complexities of supply chain and freight management logistics, helping them transform the way they do business.