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 [...]
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.