More in Trucking Take Leap Onto Online Bandwagon
Vendors are flooding the market with Internet-based exchanges for managing and moving freight. As the exchanges proliferate, the vendors jockey for position in hopes of attracting enough business to keep carriers’ trailers full while cutting costs for shippers.
“Deep down inside, some of these entrepreneurs know they may not survive,” said Tom Albrecht, director of transportation research at ABN AMRO Inc., a securities and investment firm in Chicago.
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In the past year alone, at least 55 transportation exchanges have popped up online, vying for a piece of the $600 billion spent annually on moving goods from point A to B. But some industry observers think the gold rush may be too much of a good thing in a marketplace unable to sustain the volume of newcomers.
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Those that do survive will start partnerships, even with some of their competitors. They also will have experience in trucking, and they will be expected to offer a service that adds value for their customers through the reduction of costs.
