However, not all carriers have been affected equally. In the crisis, demand has been volatile, spiking or plummeting by mode and customer profile. Compared with last year, trucking volumes initially increased by about 30 percent in 2020 as a result of panic buying, then droppe...
Due to the ongoing effects of COVID-19, it is not yet possible to distinguish between transient and long-term impacts on freight trucking activity. Nonetheless, a future expansion of the study area and the incorporation of other complementary data sources may provide further insights into the ...
The freight logistics and transportation industry face a significant problem with driver shortage and retention. According to the American Trucking Association's2021 estimates, the driver shortage hit just 80,000, and the trend will only worsen. Various factors contribute to driver shortage and retentio...
The global freight transport market size was valued at USD 28.66 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 11.3% from 2022 to 2030. The growth of the market is attributed to the reasonable shipping prices ass
And they should use them to partner with other shipping providers—not just other airlines through interline pricing, but also trucking companies. This combination of dynamic pricing and improved distribution capabilities can boost revenues per kilometer, load factors, and profitability. Note that ...
Incentives Offered to Relieve Port Congestion Supply Chain Dive, as well as The Loadstar, report government and supply chain stakeholders have turned to incentives for trucking companies in an effort to relieve congestion at West Coast ports. The Federal Maritime Commission amended the traffic mitigatio...
Shipping Back to Market Updates Market Update Freight Market Update: May 3, 2022 Tags: Ocean and Air Freight Market Updates Ocean and air freight rates and trends; customs and trade industry news plus Covid-19 impacts for the week of May 3, 2022. Back...
Expedited freight works by streamlining sea freight processes and by only tying in with the faster sea services and premium trucking services. This makes expedited freight a great option when shipping from China.More on Shipping Modes from China to the US...
Tir Consolidated Cargo Services From Yiwu, China to Europe by Road/Sino-Euro Trucking US$8,000.00-10,000.00 / 40′ Reliable Consolidation Shipping Agent and China Customs Broker with Guangzhou Warehouse US$500.00-1,000.00 / 40′ Roro/Door to Door Shi...
Shanghai came out of lockdown and is gradually recovering.Shanghai finished lockdown on June 1 and trucking operations are gradually recovering. Rates:Rates are dropping, but need some time to return to their previous level. Capacity:Capacity is also gradually recovering, though it is still under...