BlueGrace Logistics Founder and CEO Bobby Harris offers up state of markets
Logistics Management Group News Editor Jeff Berman recently caught up with Bobby Harris, founder and CEO of Tampa, Fla.-based non asset-based 3PL BlueGrace Logistics about various topics within the freight transportation and logistics markets, including capacity, rates, and digital freight matching, among other topics. A transcript follows below.
By Jeff Berman, Group News Editor
Logistics Management (LM): How do you view the current state of the freight economy?
Bobby Harris: When you look at the first quarter, based on data from publicly traded companies, it is no secret that the market was softer in the first quarter than a year ago. And we are seeing that same softness when looking at private companies, too. While there are some companies that are outperforming, the market is not where it was a year ago. I think it is important to note that when comparing year-over-year, 2018 was almost unprecedented, especially in the truckload sector. That being said, we still see a lot of positive momentum. For BlueGrace, we are up [year-over-year] quite a bit. We are a growth company, so we are looking for more and more market share…so we are not always a good indicator of what everybody else should be doing.
LM: Capacity does not seem to be as tight as it was a year ago. How are you viewing that situation and are you at all still dealing with the ELD mandate at all?
Harris: I don’t think there have been any significant changes since the inception of ELD. It was disruptive at the beginning. As far as what we are seeing with the rest of the market and how we are handling capacity, there is just more available now than last year.
LM: What about from a carrier perspective?