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.

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%.

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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 TruckingNear the end of 2018, Walmart announced it plans to raise trucker salaries to approximately $87,500. That is in stark contrast to the current median clocking in at roughly $44,281.

Study 48

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.

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% Changes to International Fuel Surcharges Coming in 2020 : On January 1, 2020, a new global regulation will be put into effect in the effort to reduce air pollution from container ships. Transportation TIP List: Week of March 3 rd , 2019.

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

Cerasis

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.

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.

Intelligent BOM Management Drives Manufacturing Success

Arena Solutions

billion in 2018, with estimated expansion at a CAGR of 7% through 2026, according to Grand View Research. The NPD process is where the need to collaborate with all engineering, quality, manufacturing, and supply chain teams is critical to develop a product that can be sourced, built, and shipped effectively. Reduced shipping delays and scrap to speed delivery of products to customers.

Are We Building Our Supply Chains For Gen Z?

EV Cargo Technology

By 2026 Generation Z will overtake Millenials to become the largest consumer population (1). Stop shipping air around the world. In round numbers some 10 million containers are shipped to the UK each year but, as we know, they typically are between 75% and 90% filled. ?In Applying the same process across the board would lead to around 1 million fewer containers being shipped each year and a material reduction in CO2 emissions from reduced shipping demand.

Are We Building Our Supply Chains For Gen Z?

EV Cargo Technology

By 2026 Generation Z will overtake Millenials to become the largest consumer population (1). Stop shipping air around the world. In round numbers some 10 million containers are shipped to the UK each year but, as we know, they typically are between 75% and 90% filled. ?In Applying the same process across the board would lead to around 1 million fewer containers being shipped each year and a material reduction in CO2 emissions from reduced shipping demand.

Collaborative Logistics’ Role in the Emergence of the Physical Internet

Material Handling and 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. The number of days needed to transport goods across the Atlantic also dropped, not because the ship traveled faster but because the time to unload a fully loaded ship dramatically decreased. . Imagine moving cargo across continents as smoothly as computers process data.

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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3 ways retail warehousing impacts profitability

6 River Systems

With online retail penetration projected to reach 25% by 2026, that means 75,000 stores could be forced out of business by that same year. Companies like shipping providers who handle a large volume of last-mile deliveries may opt to pay higher labor and rent costs to benefit from lower transportation costs and the benefit of a better position for meeting the demand for same-day and next-day deliveries.

Technology Support in Integrated Business Planning: Automation, Augmentation and Human Centricity

Supply Chain Trend

A system can automatically ship stock across the supply chain to optimize customer service and minimize obsolescence. 2020), The Future of Work in the United States: Projections of Occupational Employment in 2026, Foresight, issue 49 (Spring 2018).

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 other words, shippers must include the average cost of shipping when determining product price points and incorporated in a way that does not appear to cost more than shopping with a competitor, such as Amazon. In response, shippers are devoting larger portions of the education budgets to shipping directly to consumers.

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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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. There’s been a driver shortage for as long as I’ve been in the industry, yet we always manage to ship our products and get them to our customers on time,” is what I often hear from transportation executives at manufacturing and retail companies who are skeptical about the problem.

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

The E-commerce market in India is also set to grow at a CAGR of 30% for gross merchandise value to reach $200 bn by 2026 and have a market penetration of 12% compared to 2% currently. As per reports, paperless warehousing tends to 90% improvement of receiving time, 95% inventory count accuracy, 67% reduction in picking error and 80% improvement in shipping accuracy. Warehousing is critical in movement of goods from manufacturer to the end customer.

The Future Is Now for Logistics

Material Handling and 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 capacity crunch and technology are reshaping ?the the supply chain. Given the swiftly changing logistics environment, those who navigate the new world we live in need a roadmap to guide their actions.

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.

How To Find CBD Payment Processing Services [+ CBD Credit Card Processors for Ecommerce Shops]

ShipBob

million by 2026, growing at a 58% CAGR between 2019 and 2026. Setting up a CBD merchant account is essential because if you cannot accept payments, you won’t be able to ship CBD orders. CBD is arguably one of the fastest-growing markets ever to come out of the woodwork — or, to be specific — soil. This cannabinoid is a highly sought after derivative of the cannabis plant and its abbreviated version — CBD — is short for ‘cannabidiol’ Source: Statista.