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, [...]
Global transportation—like many industries—has faced unparalleled disruptions over the past year. Now, as we head into 2021, there are new and different challenges added to the mix.
Since my previous blog, and after months of negotiations, the United Kingdom (UK) and the European Union (EU) reached a deal on December 24, 2020. Both parties avoided the disruptive outcomes of a no-deal, and signed a provisional EU-UK Trade and Cooperation Agreement (TCA) that will define their relations going forward.
It’s safe to say that 2020 will not be a year easily forgotten. This past year has been full of adjustment. Around the globe, our personal and work lives were upended with very little warning. As the pandemic spread, spending time with friends and family, water cooler conversations with co-workers, and even dependence on a [...]
The trucking market experiences many shifts in supply and demand that cycle between times of oversupply and undersupply of capacity. Each cycle brings a unique experience as various factors affect the peaks and valleys of balance, the transition experience, and the time to complete the cycle