Freight exchange TEG sees 12% rise in loads posted

Commercial Motor

September 29, 2009

Transport Exchange Group believes the recession is triggering a rise in its business as hauliers look to become more flexible and cut their costs.

The online freight exchange company, which helps members to trade loads and to source available or part-filled vehicles, saw a 12% rise in loads posted in August 2009, compared with August 2008. The group's Haulage Exchange division saw a 74% jump in loads posted in the same month compared to a year ago.

"We can be relatively flexible to help hauliers with late payments, but they have to be open and honest with us, and this seems to be working," reveals managing director Lyall Cresswell.

"For us, the recession is not all doom and gloom. People know they have to be more flexible about sharing loads, and I believe the recession has been a trigger for hauliers to change their traditional business models."

He attributes an increase in loads of 7.5 tonnes and above to customers that are downsizing their fleets, meaning there is extra work available.

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Commercial Motor

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