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Motor Carriers Turning Down Record Amounts of Freight in Current Peak Season

Posted October 03, 2018

Under Economic Issues, Logistics & Supply Chain Issues

(John Schulz – Logistics Management)

Trucking executives report they are rejecting record amounts of freight in this current booming peak freight season.

“We’re turning down freight,” Myron P. “Mike” Shevell, chairman and CEO of the Shevell Group that operates New England Motor Freight on the LTL side and Eastern Freightways in the truckload market, tells Logistics Management. “We could probably double our business if we had the drivers.”

Privately held Shevell Group ranks collectively as the 70th-largest trucking concern nationally, according to American Trucking Associations data. It posted $439.5 million revenue last year, a 0.8% increase over 2016 revenue. NEMF is the 17th-largest LTL with about $400 million of that revenue.

“It’s like running a crap shoot,” Shevell said of how selective carriers are in the current bullish environment. The current rate environment favors the carriers, Shevell and others said. And it may be that way for the foreseeable future, they added. Click here to read more.