AFFLINK

FEBRUARY 13, 2018

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

Military 54

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Cathy Roberson

JANUARY 3, 2022

Last-mile costs are outpacing overall transportation and warehousing costs, a trend likely to continue through 2022. By 2026, the US domestic parcel market is expected to reach 134 million pieces, a 70% increase from 2020, according to FedEx. Meanwhile, the US domestic B2B market will grow at a 5% CAGR through 2026.

Cost Reduction Strategies 98

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NC State SCRC

MARCH 4, 2019

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. What is the current landscape for workers? Lawmakers in the Senate and House introduced on Feb.

DC 40

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Talking Logistics

DECEMBER 18, 2017

“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.”.

Forecasting 105

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ToolsGroup

APRIL 1, 2022

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. In November 2021, global air freight traffic (measured in tonne-kilometres) saw a 3.7% Bloomberg).

Material Savings 207

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Logistics Viewpoints

JANUARY 6, 2023

An emerging trend over the last few years has been “dry January” where people abstain from alcohol for the first month of the year. Any earn-out is expected to be paid in fiscal 2025 and fiscal 2026. As the saying goes, new year new you. And for many people that means making significant changes on January 1.

Logistics Network Optimization Software 195

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Logistics Viewpoints

MARCH 31, 2022

For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. billion in 2020 to $15.79

Logistics Network Optimization Software 206

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Logistics Bureau

JULY 25, 2022

For instance, the hangover from the pandemic, which has not yet permitted ocean freight from China to return to anything like normal service, is a problem that continued COVID outbreaks and associated port closures are exacerbating. Near-shoring, Onshoring Trend Gains Momentum in the West. The issues don’t stop there, however.

Agile and Lean Supply Chain 86

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Logistics Viewpoints

OCTOBER 27, 2023

There’s a mandate in place for full electrification by 2026. West coast container imports rose in September as California ports continue to win back business lost when nervous importers rerouted freight flows to Gulf and East coast ports during a series of worker strikes in June.

South Korea 219

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Material Handling & Logistics

AUGUST 14, 2018

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. Rail intermodal, a natural alternative to trucking, is seeing strong increases in traffic.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Supply Chain Planning Software Demand Planning Software Logistics 98