COVID-19 has scrambled customer demand for the freight industry, further muddying a complicated picture. New research highlights four forces to watch.
Those papers mentioned are exclusively focusing on a negative impact on freight volumes in transportation industry due to the increase in inventories of different industrial firms in the economy during the COVID-19s shock. In contrast, few papers focus solely on China's freight transport from ...
Banking institutions should make reasonable arrangements for loan extension or renewal as appropriate if the truck drivers face difficulties in repaying their auto loans due to the COVID-19 epidemic, the regulator said. The institutions should also lower loan interest rates and reduce charges appropri...
Banking institutions should make reasonable arrangements for loan extension or renewal as appropriate if the truck drivers face difficulties in repaying their auto loans due to the COVID-19 epidemic, the regulator said. The institutions should also lower loan interest rates and reduce charges appropri...
This dynamic is even more pronounced when capacity is "unnaturally low," as seen in recent truck and driver shortages during the COVID-19 pandemic. Conversely, during weaker economic times when the supply of capacity outweighs demand, carriers turn to brokers to source consistent freight to ...
Shipping costs are likely to remain severely elevated compared to historical norms as demand remains strong and COVID-19 related disruption prove to be unpredictable. Add in the fact ocean carriers are moving into airfreight and truck transport, the shipping industry looks poised for another impressi...
Banking institutions should make reasonable arrangements for loan extension or renewal as appropriate if the truck drivers face difficulties in repaying their auto loans due to the COVID-19 epidemic, the regulator said. The institutions should also lower loan interest rates and reduce cha...
“However, road freight is currently responsible for around 9% of global CO2emissions and with demand for road freight services set to double by 2050, urgent action must be taken now to put the sector on a pathway to net zero emissi...
This means LTL shipments often carry several orders from separate clients all in one truck. LTL tip: Secure your cargo Though insuring your freight is an additional cost, but it will likely save you money down the line. Since LTL is carrying a big portion of inventory but is also not ...
especially if it belongs to different categories can help enhance the speed of delivery. Thirdly with not enough room on a single truck or plane for an entire shipment, it may have to be divided into individual boxes and transported separately. Split shipments happen on an extensive scale durin...