A correction in trucking rate structures is underway in Canada with carriers looking at the best opportunity they have had since deregulation to improve their financial performance, according to a news release from the Ontario Trucking Association (OTA).
The comments came from David Bradley, OTA president, who was speaking September 14 at a pharmaceuticals conference. “The markets work in slow and disjointed ways, but the mood in the marketplace is more accepting of rate increases, surcharges and accessorial charges,” he said. “The reality is that the trucking industry can no longer afford to absorb all its cost increases. Nor should it have to."
He added: "There is still a long way to go, but more and more the trucking industry is realizing it’s its turn.”