The freight brokers in most of the cases will require full insurance coverage before they give you a load to transport. If you want to be one of the top flatbed carriers you need to buy additional insurance policies for the freight in case something bad happens during the transportation.
6. It Is Hard To Find Flatbed Loads
The trucking industry had two opposite waves that influenced on the trucking industry. Before 2015 the expansion of this industry reached a point where if you had an increased demand for transport, you would not be able to respond because you have let’s say 20 trailers but you have loads that can be covered by 30 trailers.
In the period of 2015, you needed to wait for 10 to 12 months to get your purchased trailer and after the trailer boom; it all began to fall down. It started the period of low demand for transportation and many of the transportation companies were forced to close the business and sell the trailers. So today there are a lot of available trailers that you can find for the reasonable price.
Source: www.overdriveonline.com
However the trucking market is filled with competition but luckily for the flatbed trailer, the competitor influence is low than dry vans. But even with the low competition the chances to find flatbed loads are more difficult especially if you are a rookie in this trucking segment.
