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Procurement Market Intelligence Report

Petroleum & Chemical Trucking Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Petroleum & Chemical Trucking Services?

What is the average price of Petroleum & Chemical Trucking Services?

This procurement report includes pricing information to help you purchase Petroleum & Chemical Trucking Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Petroleum & Chemical Trucking Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Petroleum & Chemical Trucking Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Petroleum & Chemical Trucking Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Petroleum & Chemical Trucking Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Petroleum & Chemical Trucking Services?

Market share concentration is low in the petroleum and chemical trucking service market. ProcurementIQ estimates that of the 2,800 companies operating in this market, the top four suppliers have a combined market share of less than 10.0%. The prevalence of owner-operators and small carriers keeps market share concentration low. Nearly... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Punctuality

What is your on-time delivery rate?

What percent of your late trucks are more than one hour late?

How will I be notified if my cargo will be available at its destination later than planned?

How have your fleets and procedures evolved to improve delivery times?

Service Disruption Risk

Have you ever been unable to provide services that were purchased from you?

What is your capacity utilization rate?

What are the weather-related risks associated with my shipping routes, and how will service be affected by them?

Can you provide me with data to assess your financial health?

What happens to my contract in the event of your bankruptcy?

Personnel

How many years of experience will the staff members that work at my site possess?

What regular evaluations or screenings do your employees receive once hired?

What has your turnover rate been in the past 12 and 24 months? How does your firm mitigate the risks of employee turnover?

What is the average tenure of your employees?

How much access will I have to senior staff members?

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Key elements for every RFP

What should my Petroleum & Chemical Trucking Services RFP include?

Project Budget

Buyers should specify the type and duration of the contract they wish to enter.

Buyers should request a detailed breakdown of the vendor’s price per loaded mile, type of liquid shipped, number of miles and mandatory fees applied to each shipment.

Buyers should request a breakdown of any additional fees that may be applied, such as demurrage fees or transportation fees.

Selection Criteria

Buyers should consider the vendor’s ability to meet the buyer’s capacity and frequency requirements for shipment.

Buyers should give preference to experienced vendors with established reputations in the market when evaluating potential suppliers.

Buyers should consider the vendor’s compliance and inspection record to ensure that their petroleum products and chemicals to prevent incidents such as spillage.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.

Project Schedule

Buyers should list the deadline for proposals and when award information will be made available.

Buyers should list the project's start and finish date after vendor selection.

Buyers should provide general expectations with regard to the shipment of the petroleum products and other liquid chemicals.

Evaluate major factors to mitigate risk

How risky is the Petroleum & Chemical Trucking Services supply chain?

This market’s supply chain risk is high. All major upstream suppliers are considered moderately or highly risky. Truck manufacturers, tank trailer manufacturers, auto parts manufacturers and steel rollers must all contend with volatility in the price of their key input, steel. While steel prices have been rising during the past... Subscribe to learn more.

HIGH

MEDIUM

LOW