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

Cerasis

Freight Transportation Forecast to 2026. This report, available for purchase here , poised some significant implications for the shipping, and by direct correlation, the logistics industry. percent by 2026. Now, you may be wondering how this will affect the overall revenue of the freight and shipping industry. This means the increased revenue by 2026 would amount to more than five percent of the total current US National Debt. million by 2026.

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. Challenges of Shipping Hemp. As you can imagine, the process of shipping hemp hasn’t been a walk in the park. Finding the right carrier to ship hemp can be a challenge. Partnering with a freight broker like FreightCenter provides stability and peace of mind when shipping your niche products. Get your custom shipping solutions today.

How Will Shippers Meet Growing Demand?

PLS Logistics

The American Trucking Association (ATA) recently released a freight transportation forecast, predicting growth through the year 2026. 3PL Optimization Shipping Transportation SpendAccording to Forecast , overall freight tonnage will grow 25.5% from 2013 to 2025 and freight revenues will surge 72%.

Why Walmart is Paying Truckers Almost $90,000 a Year

Shipchain

Bob Costello, Senior Vice President of the American Trucking Associations, did a study and found that the shortage could be as significant as 175,000 by 2026. Blockchain Industry Logistics Shipping Supply Chain Trucking

Transportation TIP List: Week of March 3rd, 2019

Transplace

Billion by 2026 : According to a report by Acumen Research and Consulting, the size of the global supply chain analytics market is expected to be worth $10.7 billion by 2026, growing with 15.5% Transportation TIP List: Week of March 3 rd , 2019.

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. Challenges of Shipping Hemp. As you can imagine, the process of shipping hemp hasn’t been a walk in the park. Finding the right carrier to ship industrial hemp can be a challenge. Partnering with a freight broker like FreightCenter provides stability and peace of mind when shipping your niche products.

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Why has e-commerce grown so much and what you should be doing about it

Loginext

Here, the market is slated to reach $64 billion by 2020, $200 billion by 2026, and surpass the U.S The Southeast Asian region would grow at 32% CAGR, reaching about $88 billion by 2025, Indian shores have taken up e-commerce strongly. market by 2034.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Today, trucking, shipping, air shipping, and other logistics services are all experiencing disruption: As consumer expectations evolve, businesses are constantly pressured to deliver high-quality goods in the shortest amount of time. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Price quotes are just as important as the shipping process.

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Today, trucking, shipping, air shipping, and other logistics services are all experiencing disruption: As consumer expectations evolve, businesses are constantly pressured to deliver high-quality goods in the shortest amount of time. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Price quotes are just as important as the shipping process.

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

The American Trucking Association expect a shortage of roughly 70,000 truck drivers in 2019, which will increase to 175,000 by 2026. One facility has low turnover and one has higher turnover – we see a real difference in slower productivity, more shipping errors, and less continuous improvement going on.”. A group of executive joined SCRC faculty and staff for a one-day workshop held on February 28, 2019.

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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. In response, shippers are devoting larger portions of the education budgets to shipping directly to consumers.

Collaborative Logistics’ Role in the Emergence of the Physical Internet

Material Handling & Logistics

Before interoperable logistics hubs with intermodal visibility can even begin to hold sway, the 40 foot × 8 foot shipping container, which is the industry standard, must be replaced. Imagine moving cargo across continents as smoothly as computers process data.

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

Talking Logistics

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. This past October, the American Trucking Associations warned that the trucking industry could be short 50,000 drivers by the end of 2017.

The Future Is Now for Logistics

Material Handling & Logistics

If things don't change, and we continue up this progression, by 2026, we will be at 170,000 drivers short. Cheryl Capps, vice president of global supply chain for Corning International, noted than whenshe ships a load of plate glass it is handled by no fewer than eight parties.

The Future of Retail Supply Chain: What’s in Store?

Logistics Bureau

These agents might triage returned items and buy/sell them, return them to a retailer’s local store or ship them directly back to suppliers, depending on which proves to be the most cost-effective option for the retailer. However retailers meet the logistics demands of the future, they can expect to factor in the costs incurred by their choices, as consumers will be unlikely to pay for shipping. The world of retail has never seen the degree of change that’s being experienced today.