During last week’s Market Insights Live! webinar, we provided an in-depth analysis of current supply and demand trends in the North American freight market. This included our forecast of future market conditions, explanations of how the latest market changes impact supply chains, and answers to your most pressing questions.
The Ever Given vessel is floating, but the ship is not out of hot water. In fact, Egyptian authorities said it will remain in the Suez Canal until they are compensated by the vessel owners for the damage, labor, and disruption caused. Although the cargo on the Ever Given is still at a standstill, other [...]
A new era of air transportation trends is emerging to create a confusing outlook for shippers. Air freight has been in nonstop peak-season mode despite pandemic-induced capacity decline, while other disruptions, such as the Suez Canal blockage, drove even more demand to air. This is all happening while the Transportation Security Administration is reporting a [...]
Anyone who has been paying attention to the transportation of goods has noticed delays in their own shipments, headlines in mainstream media paying attention to supply chains, and a general heightened awareness of how goods get from point A to point B. There are a number of factors that determine the tension of the transportation [...]
Through the rest of 2021, supply chain analysts expect the growing demand for transportation to outstrip the available supply of trucks.
If you’ve been in the transportation and logistics industry as long as I have, you know there are always ebbs and flows to supply and demand. Right now, analysts* forecast truckload volume to increase 8% to 12% in 2021. The supply growth of Class-8 tractors is expected to expand only ~1% in the first half [...]
This year’s produce season is felt after a series of events impacting transportation. The power outages in Texas, the inclement weather in the Midwest, and the Ever Given ship at the Suez Canal, all of these contribute to a tight transportation market. What’s more, is that these are likely not the last of the events [...]
As I look forward into 2021, I see the road to economic recovery coming into clearer focus. As science and technology move us closer to the world we’re all ready to return to, I know that we will come back stronger and better. But even though the road ahead is bright, it is not without [...]
Maritime insurance executives estimate that 3,000 containers have been lost at sea over the past few months alone. Compared to the 1,382 containers on average lost per year between 2008-2019 as reported by The World Shipping Council, that’s a big jump. What’s the reason for it? As you may have expected, there’s not a simple, [...]
The boom in ecommerce poses novel challenges to the logistics industry. Online shoppers expect convenience, flexibility, and a high-quality shopping experience. In Asia, government-mandated lockdowns and closed shopping malls during the ongoing pandemic drove individuals to purchase everything from groceries, to gym equipment and digital accessories online. Even with lockdowns slowly lifting across most countries, [...]