Latest News & Tips

Bookmark and Share

What Do Hurricanes Do to the Trucking Industry?

The trucking and transportation industry is particularly susceptible to weather emergencies, and that has ramifications on other industries that depend on timely, secure deliveries. FTR is reporting a high likelihood of increased truck rates in both Texas and across the country as a result of Hurricane Harvey.

What will be the cause behind the price changes?

Shippers will be trying to an adequate number of trucks to cover their cargo, but Houston and the surrounding coastal area will be a risky route for truckers for the next few weeks and, more likely, even the next few months. Fewer available trucks will mean increased demand but it will also mean that ships will try to change their destination to ports that aren't prepared for a sudden upsurge in traffic. 

The uptick in prices, which could reach up to 10% across the board, doesn't mean increased profit for truckers. With common routes submerged and easy alternatives filling up with traffic, truckers can expect their routes to take longer and for their daily miles to decrease. Fuel prices will also continue to swing wildly, whether they're caused by an actual shortage due to the damage or due to continued worry about fuel availability. These predictions are largely based on Hurricane Katrina's effect on the trucking industry in 2005, but experts caution that more specific predictions will require more data, especially as Hurricane Irma and others add to the tumultuousness.

Above all else, it's important that truck drivers stay safe and away from roads ruled as too dangerous for passage, both in Houston and up the eastern coastline. Go to Michigan Truck Sales & Equipment for more industry news.

Powered by Devcode