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
Companies want and expect innovation from their 3PLs, and as one of the world’s largest logistics platforms we’re focused on continuing to deliver new and innovative technology built by and for supply chain experts. We recently announced our latest innovation, Procure IQ™, which reimagines the way shippers purchase transportation.
The impact of COVID-19 and restarting of the economy influences all our lives and businesses. For-hire trucking—in both the spot and contract/committed markets—is also impacted in these times by the shifting forces of supply and demand.