Flatbed rates continue to remain strong
July 18, 2011
Flatbed rates surged during 2010, nearly hitting the double digit mark for year-over-year growth. A large reduction in capacity during the downturn combined with a strong industrial recovery to make for a strong rate environment. Rate growth eased to start the year as we finally started overlapping the recovery time frame. Rate growth looks to have been fairly steady during the second quarter (~5%)but we anticipate a strong resurgence as we hit late summer/fall.
Flatbed rates dropped over 6% in 2009 after remaining nearly flat for 2008. Pricing quickly came back with nearly a 6% gain in 2010. We anticipate seeing flatbed rates rising 8.6% in 2011, 8.0% in 2012, and 7.0% in 2013. If construction of infrastructure or residential housing were to take off stronger than our currently anemic forecast then that would say that there is additional upside to the rates outlook.
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