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

Cerasis

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.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology.

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Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. According to Plunkett Research, transportation revenues in 2017 reached over $1 billion in the U.S. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology.

Transportation TIP List: Week of March 3rd, 2019

Transplace

Transportation TIP List: Week of March 3 rd , 2019. 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. billion by 2026, growing with 15.5%

Final Mile Carriers: What Should Shippers Know?

Cerasis

As noted by Freight Waves, e-commerce will contribute to the delivery of more than 100 million parcels per day by 2026. appeared first on Transportation Management Company | Cerasis. Carrier Relations Final Mile Transportation Management Final Mile Carriers

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

Cerasis

Accounts of e-commerce growth permeate the Internet, and some expect more than 100 million parcels to be delivered daily by 2026. appeared first on Transportation Management Company | Cerasis. Final Mile Freight White Glove OptionsE-commerce is an industrial atomic bomb.

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. Over 70 percent of consumer goods rely on transportation via highways to reach store shelves. Logistics truck drivers transportation womenThe American Trucking Association estimates that trucking companies are short by as much as 45,000 drivers.

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.

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

Cerasis

At the same time, carriers have turned to leaner operations to keep costs down, and the transportation industry is ready to implode with a capacity crunch that lasts well into 2018 and may only get worse from there.

Who’s Moving Freight in the Next Generation?

3PL Insights

In the upcoming years, the face of transportation and truck drivers will have transformed. 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?

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. It removes age restrictions on interstate transportation by licensed commercial drivers and strengthens safety-training standards across the industry. 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.

DC 40

How IoT Improves Consumer Packaged Goods Value Chain

Savi

The pivot point has moved from production to customer delivery, and the primary constraint has moved from manufacturing to transportation. This shift is hard to handle because the CPG industry spends at least 5% of revenue on transportation. Plagued with driver shortages, theft, and delays, transportation undermines results from all other cost initiatives. Driver Shortages: It is estimated that by 2026, the industry will be short 175,000 drivers.

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.”.

Looking Back at Previous Capacity Crunches & How Shippers Responded

Cerasis

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. Freight consolidation is the ultimate solution to any capacity crunch.

Where Have The Drivers Gone?

AFFLINK

Those "things" need to be transported via truck, yet the industry lacks the capacity to do so.

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. The capacity crunch and technology are reshaping ?the

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. Legislation like the 2018 Farm Bill allows for the interstate transport of industrial hemp and defines it as having less than 0.3% Think of the police officer who gets caught in an awkward position when pulling over trucks transporting hemp. Notify the Department of Transportation (DOT). Blog Freight Shipping Truckload Shipping

Idaho 46

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. Legislation like the 2018 Farm Bill allows for the interstate transport of industrial hemp and defines it as having less than 0.3% Think of the police officer who gets caught in an awkward position when pulling over trucks transporting hemp. Notify the Department of Transportation (DOT). Blog Freight Shipping Truckload Shipping