For many in the supply chain industry, a cyclical pattern of tension and slack is a familiar occurrence. While freight volumes and the supply of trucks and drivers constantly strive for equal balance, they often fall short. Here are the five key freight trends worth watching in late 2019.
It’s been nearly a year since the electronic logging device (ELDs) mandate went into effect. Some had predicted that the industry would see mass carrier bankruptcies or a flurry of acquisitions of smaller carriers by larger ones, but that hasn’t been the case. Instead, thanks to the strongest truckload shipping market since deregulation in 1980, the ELD mandate’s effect on the market is playing out in other ways.
3 Ideas for Finding Air Capacity in the Transatlantic Lane | Transportfolio
If you have struggled lately to find available air capacity in the Transatlantic lane, you’re not alone. Capacity is hard to find in this lane, and the busiest time of the year for air shipping is just ahead. But there is hope that you can find the capacity you need if you act quickly. First, learn about the market trends that are currently impacting air capacity. Then, use these recommendations to develop a robust Transatlantic air strategy that will serve your business well. » Read More
I’m always glad when Truck Driver Appreciation Week rolls around every September. It’s one short week each year when we try our best to thank the drivers across the country who make our world possible.
In honor of Truck Driver Appreciation Week, I’ve come up with seven reasons why you should thank truck drivers.
Transpacific Air and Ocean Shipping Space Is Already Tight | Transportfolio
If you’ve heard the term “perfect storm” applied more to transportation lately than you have since the book by Sebastian Junger came out in 1997, you’re not alone. Unfortunately, it’s the best way to describe what is happening right now in the air and ocean freight markets. Peak shipping season has heated up early. The perfect storm is upon us. Rates are up on the spot market, and air and ocean space are hard to find. We recommend you take action now to ensure your holiday shipments are covered.
Many would argue that the role of transportation services within business has been changing over the past few years. I agree. But I also ask: is transportation what has really changed? Or is transportation only becoming increasingly important because of everything else that has changed?
A major shortage of drivers, a new mandate, high loads and even Mother Nature have all contributed in their own ways. Here’s how these factors have impacted the shipping market, truck drivers and your business, and what you can expect to see throughout the rest of the year.
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