FASTFRATE
- Thread starter oakwood
- Start date
30
30
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You need to differentiate between FASTFRATE as the Intermodal asset based carrier and FASTFRATE Logistics... All the same owner but the processed behind the scenes can be delayed if you are not dealing with the right people
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Apprently FASTFRATE Logistics bid on a lane - moving it for $1/mile intra canada .... and the shipper I called to ask if they needed the load moved quoted me the new price...
No thank you - but shipper said they will be in touch when their loads fail to move...
Penny for your thoughts - if the shipper knows the rate is too low - and the freight will not move why even quote that price!!!!!!! Why even let someone quote you that and then the hassle of not having freight move per schedule???
No thank you - but shipper said they will be in touch when their loads fail to move...
Penny for your thoughts - if the shipper knows the rate is too low - and the freight will not move why even quote that price!!!!!!! Why even let someone quote you that and then the hassle of not having freight move per schedule???
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Could potentially be a rail quote? Wouldnt be worth even turning on the truck for those rates.
In the end, the shipper is a decision-maker, they were the ones who paid $5 per mile and they are the ones who paid $1 per mile. They have the margins and they will come to you if you are ready to move in .99 CPM in this market. I talk to people from different industries in a day and the first thing they ask is what happened to the trucking industry heard way too slow. so the news is out there and all are aware. companies have started cutting driver rates already. The aftermath of Covid ( seems like a surely planned move).
Ultimately, the guys on the ground level are getting pressure from above to lower rates. The guys above have no idea how logistics works, all they see is dollars and cents.
I'm not surprised they are least giving Fastfrate a chance to move the freight, if they manage to do it. Win for them.
At the end of the day, cheap freight rate means more margin.
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Which companies are cutting driver rates? Drivers as payrolled employees or the elusive "driver inc" contractors?
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Charger, Gigg, Sunrise I don't know if they are running on Driver Inc or Payroll. I guess the mix of both.
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Mostly all of your dry van companies are cutting rates, payroll or not. Seen a few even say they are not paying any layovers or detention. I wonder if they are still charging their customers for it and just pocketing it.
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Not sure how a discussion about Fastfrate ended up being a discussion about Driver Inc. Anyway, back to Fastfrate. They get a dirt cheap rate from CP Rail, using Fastfrate-owned 53ft containers. Like truckers, they face the backhaul challenge as well.
Both railways offer ridiculously low rates on 20 and 40 foot marine containers (retail and wholesale) to get the empties back to BC (or AB) that then move empty on ships back to the Orient.
Additional charges (and there are many) include FSC, environmental surcharges, chassis surcharge if required, drayage, etc so for example, a 40 or 45 ft container from Bensenville IL to Vancouver base rate is around $1150 USD. Even if you doubled it to include all the extras, and converted to CAD, the CAD charge would work out to be around $3000 for 2184 miles ($1.37/mile)
Both railways offer ridiculously low rates on 20 and 40 foot marine containers (retail and wholesale) to get the empties back to BC (or AB) that then move empty on ships back to the Orient.
Additional charges (and there are many) include FSC, environmental surcharges, chassis surcharge if required, drayage, etc so for example, a 40 or 45 ft container from Bensenville IL to Vancouver base rate is around $1150 USD. Even if you doubled it to include all the extras, and converted to CAD, the CAD charge would work out to be around $3000 for 2184 miles ($1.37/mile)
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I knew rail was cheap - didnlt know exact numbers...
I know our fav pulp mill has switched to using rail over trucks for many loads
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Really a deal if you are shipping dense freight i.e. 50M in a 20 ft marine container. The container weight limits are extremely high.
spot on with the IM cost breakdown, thats why trucks cant compete with rail on Price....but service and delivery times is where OTR shines. This cycle just repeats itself, OTR gets saturated-->trucking bloodbath-->shippers turn to rail for even cheaper costs (and enjoy the profits on the way down)---> rail gets back logged because of the increased demand---> product/Freight gets delayed (and we are talking months of delays not days)---> shippers turn to OTR--->the survivors of the trucking bloodbath RAKE IN THE MULA---->OTR gets saturated because of the said "MULA"....and on we go.
Igor Galanter
Well-Known Member
20
Rail roads getting paid twice, once from Steamshipline to move an empty across to the ports and from customers, who are "renting" them with their loads on the way...
M-O does this, albeit not often but they do rent CP cans for loblaws freight.
