The demand in the United States energy sector for oil field equipment, wind turbines and a host of other oversize freight has driven the income up of the largest heavy haul carriers. The size of these projects and the related cargo in 2019 is setting records nationwide for heavy haul transporting.
We are talking about an increase of revenue of almost a billion dollars as much as thirty three percent. The continued strength of the United States markets, especially the energy market and the increasing request to accommodate infra structure projects will tend to keep this growth increasing. Unfortunately, one suppressing factor in this trend is the lack of skilled drivers and resources for these heavy loads.
Heavy Haul Business is Blowing in the Wind Upward!
There is just not enough capacity yet to handle the demand. Another factor is that these loads just keep getting larger as new technologies are coming in to play. Many larger companies are acquiring small companies to keep up with this conundrum.
Even though the traditional flatbed shipping market is slowing the heavy haul carriers are booming maintaining less volatility in the rate fluctuations because of the specialty.
The largest carriers are linking up with the railroads to handle the largest of shipments. There just are not enough trucks and skilled drivers available to handle the volume.
This volume is expected to continue upward for several years as companies scramble to produce as much as they can before the tax credits expire in 2023.
“[Turbine] manufacturers are racing to get their bids out to market so they can beat their competitors in locking up transportation capacity,” Gene Lemke, vice president of projects at Anderson Trucking Services, the sixth-largest US heavy-haul trucker, said earlier this year.
Wind energy will help push the performance levels steadily higher, although tariffs on Chinese goods will provide some resistance. Most effected by these tariffs and trade wars will be the production of heavy construction equipment. The increase in the price of steel could alone drive up cost’s seven percent.
The industry is desperately seeking newer technologies to aid in reducing the transportation equipment’s weight so that the heavier items can be moved. There is also a move on adjustable width versions of multiple axle systems as related to the size of the load and its distributed weight.
The Dual Max line of heavy/oversize equipment can be adjusted even when loaded featuring their new swing axle technology for optimal maneuvering.