Strong Freight Forecast Expected Thru 2026, What It Means for Shippers & 5 Things to Get Prepared

GlobalTranz

Freight Transportation Forecast to 2026. Take a look at some of the specifics of the Freight Forecast and how shippers may adapt to the coming increases. Vitals of the Freight Forecast. Some of the highlights of the Freight Forecast include a dramatic increase of 28.6 percent in freight volume within the next 11 years. US trucking freight will experience a slight decrease in total market share from 68.4 percent by 2026. million by 2026.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Technology Comes to the Aid of Freight Companies. truck drivers transportation freight truckingTransportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run.

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Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Technology Comes to the Aid of Freight Companies. truck drivers transportation freight truckingTransportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run.

3PL vs 4PL: How to Know Which One is Right for You

GlobalTranz

Among the services which they provide are transportation, warehousing, cross-docking, inventory management, packaging, and freight forwarding.”. Billion by 2026. from 2019 to 2026.”.

3PL 184

Viewpoint: Q&A on freight industry watchlist for climate and environmental policy

The Supply Chain Journal

LOREN: The two areas we’re watching closely are the electric vehicle shift and infrastructure policy itself, both of which are big for the freight industry. The views expressed here are solely those of the authors and do not necessarily represent the views of FreightWaves or its affiliates.

What Are the White Glove Options to Pick in Final Mile?

GlobalTranz

Accounts of e-commerce growth permeate the Internet, and some expect more than 100 million parcels to be delivered daily by 2026. Final Mile Freight White Glove OptionsE-commerce is an industrial atomic bomb. Unfortunately, as explained by Logistics Management, many retailers still struggle with providing the capacity and technology to secure white glove options for their customers. This creates a level.read More. The post What Are the White Glove Options to Pick in Final Mile?

Trucking boom propels Meritor to higher sales and earnings

The Supply Chain Journal

Freight and steel costs rise. Meritor said higher freight costs because of supply chain shortages was mostly responsible for the lower EBITDA margin in this year’s Q2. NYSE: NAV) that will purchase axles, brakes and drivelines through 2026.

Transportation TIP List: Week of March 3rd, 2019

Transplace

Likewise, this week’s TIP List has a particularly bright outlook; including news on the growing freight business and the projected increase to the size of the global supply chain analytics market. motor carriers are still betting a combination of acquisitions, territorial expansion and strong freight to help them raise their toplines higher. billion by 2026, growing with 15.5% Transportation TIP List: Week of March 3 rd , 2019.

BluJay Solutions Listed in the 2021 Gartner Market Guide for Multicarrier Parcel Management Solutions

BluJay Solutions

Prior to the pandemic, the index estimated that parcel growth would continue to rise, with global parcel volume most likely to double by 2026 to 220 billion to 226 billion.”

Driver Digest: The Impact of a Driver

Supply Chain Link

In the United States, drivers are responsible for moving 69% of total freight 1 and that amount of freight is expected to grow an additional 26% by 2026 2. Whether you are a driver who takes on long hauls over the road or runs frequent dedicated routes, drivers help sustain life and make the world go round. READ MORE. Driver Digest Truck Drivers

This Week in Logistics News (April 24 – 30)

Logistics Viewpoints

Applications are due by July 2021, with the program looking to reduce deforestation between 2022 and 2026. According to the American Trucking Association (ATA), almost 75 percent of all freight is transported by truck. The Noid is back. For those unfamiliar, let me explain.

Who’s Moving Freight in the Next Generation?

3PL Insights

The sheer size of freight being carried around the country is expected to expand nearly 29 percent by 2026. The post Who’s Moving Freight in the Next Generation? In the upcoming years, the face of transportation and truck drivers will have transformed. But drivers aren’t getting any younger, and new drivers aren’t getting behind the wheel. It’s becoming harder and harder to recruit young drivers.

Why the Great Driver Shortage Is Now Top of Mind for Shippers & a Driver of a Capacity Crunch

GlobalTranz

In fact, the truck driver shortage is expected to double to 100,000 in the next five years, but other industry experts, reports Iris Kuo of Trucks.com , suggest actual worsening could be as high as 200,000 unfilled positions by 2026. In addition, wages and benefits for truckers now exceed commutative fuel costs, making the driver shortage responsible for increasing freight shipping rates.

Collaborative Logistics’ Role in the Emergence of the Physical Internet

Material Handling and Logistics

It may seem impossible today, but the physical Internet could be embedded into freight supply chains by 2050. Many already believe that freight exchange platforms, dedicated to maximizing payload efficiency and reducing empty miles, have a role to play in making this vision a reality. That is not to say that freight exchanges will cease to exist. If they succeed, this will ultimately lead to more efficient, effective and sustainable freight supply chains.”.

The Myths and Benefits of Using a 3PL: Evaluation Criteria to Consider

Turvo

report found that the global 3PL market would surpass $1,800 billion by 2026. Knowing what you want and need from a 3PL ahead of time will help you focus on what’s right for your company’s needs and reduce barriers to freight technology adoption.

3PL 60

How IoT Improves Consumer Packaged Goods Value Chain

Savi

Driver Shortages: It is estimated that by 2026, the industry will be short 175,000 drivers. Given that most freight is transported over the road, this is a serious concern. Many companies are already leveraging the power of the Internet of Things (IoT) to turn orders around in a day, deliver customized orders and replenish stocks in short order.

Trucking Companies Are (Finally) Recruiting More Women

Elementum

If the trend continues, the ATA predicts the industry could fall short by 174,000 drivers by 2026. They’ve since been struggling to meet increasing demand for freight transport. The American Trucking Association estimates that trucking companies are short by as much as 45,000 drivers. In light of this shortage, pressure has been mounting on carriers to reach out to untapped workforce pools in order to close the gap and keep supply chains moving.

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

Freight rates are on the rise, and there are signs that the shortage are unlikely to abate. The American Trucking Association expect a shortage of roughly 70,000 truck drivers in 2019, which will increase to 175,000 by 2026. A group of executive joined SCRC faculty and staff for a one-day workshop held on February 28, 2019. Companies represented included Advanced Auto Parts, John Deere, Hanes Brands, UPS, FHI, Lenovo, GSK, Altria, and UNC Healthcare.

DC 40

Republicans spotlight bridge repair in $400B highway bill

The Supply Chain Journal

They include set-aside funding for additional truck parking capacity, a training program for CDL drivers ages 18-20 (who are currently not allowed to haul freight interstate), and loosening hours-of-service regulations for agriculture haulers.

Where Have The Drivers Gone?

AFFLINK

Not only does this exacerbate the shortage as there are fewer drivers hauling larger amounts of freight, but it also leads to massive supply chain issues like product shortages, extended delivery delays, and (ultimately) higher prices. According to another recent report from the American Trucking Association , the shortage of drivers was expected to hit 50,000 by the end of 2017 - a trend that equates to more than 174,000 drivers by as soon as 2026.

Looking Back at Previous Capacity Crunches & How Shippers Responded

GlobalTranz

Also, the driver short has continually grown worse for the last eight years, and it is expected to continue through 2026, asserts Iris Kuo of Trucks.com. Increased Freight Rates Can Tone Down Capacity Crunches. Go-to solution for responding to the crunches been higher freight rates, and while carriers have traditionally been in control of this, shippers can no longer pass the costs along to consumers directly. Make freight attractive to carriers.

Flying cars set for slow takeoff, rapid ascent

The Supply Chain Journal

The deal will result in up to 50 eVTOLs operating in the country by 2026. We also target short-haul freight and good movement currently targeted by medium-duty trucks and LTL carriers (palletized freight), though we note that this would need upgraded payload capacity by 2050.

Truck Talk No. 26: Labor pains edition

The Supply Chain Journal

an hour in July 2026. Last week’s Truck Talk looked at how autonomous vehicle patents suggest future success for the tech-saturated companies creating 80,000-pound freight-hauling robots.

Truck Driver Shortage: Getting Better, Worse, or No Problem at All?

Talking Logistics

We experienced a ‘freight recession,’ last year, which eased the pressure on the driver market,” [ATA Chief Economist] Bob Costello said. Now that freight volumes accelerating again, we should expect to see a significant tightening of the driver market.”. In the report, ATA projects the shortage to reach 50,000 by the end of 2017 and if current trends hold the shortage could grow to more than 174,000 by 2026.

The Future Is Now for Logistics

Material Handling and Logistics

But some Class 1 railroads, CSX in particular, are cutting back on intermodal service to favor more profitable freight. If things don't change, and we continue up this progression, by 2026, we will be at 170,000 drivers short. Shippers said freight damages were a major challenge in 2016 but in 2017 damages declined by 10%, according to a survey conducted by Averitt Express. The capacity crunch and technology are reshaping ?the the supply chain.

Hemp Hauling: A Whole New Adventure

Freight Center

billion by 2026 and strong hemp growing seasons ahead, there’s plenty of hemp that’ll need to get from point A to point B. Partnering with a freight broker like FreightCenter provides stability and peace of mind when shipping your niche products. Blog Freight Shipping Truckload ShippingOne of the joys of working in logistics is partnering with businesses across a variety of fascinating industries. There are all kinds of fun cargo in niche markets that needs to get hauled.

Idaho 57

Shipping Hemp: Putting the “High” in Highway

Freight Center

billion by 2026 and strong hemp growing seasons ahead, there’s plenty of hemp that’ll need to get from point A to point B. Partnering with a freight broker like FreightCenter provides stability and peace of mind when shipping your niche products. Blog Freight Shipping Truckload ShippingOne of the joys of working in logistics is partnering with businesses across a variety of fascinating industries. There are all kinds of fun cargo in niche markets that needs to get hauled.

The Uberization of Trucking Part 4: Solutions & Conclusions

Freight Plus

3PLs are going to have to adapt to new service models and embrace them by offering data/freight management solutions instead of transactional rate negotiations. As we covered in part 3 of this blog series, there are a number of inherent problems that limit the types of freight that can be uberized. The American Trucking Associations recently published a forecast, which predicts the industry will enjoy a 29% increase in freight volumes by 2026.