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

Cerasis

Freight Transportation Forecast to 2026. percent by 2026. However, US trucking freight will continue to reign as the predominant mode of transport into the future. Part of the significant freight increases derive from associated transportation costs through increased use of pipelines, which will increase 10.6 This means the increased revenue by 2026 would amount to more than five percent of the total current US National Debt. million by 2026.

Transportation TIP List: Week of March 3rd, 2019

Transplace

Transportation TIP List: Week of March 3 rd , 2019. 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 Innovation 2018

EFT

A lively discussion followed regarding how the technologies will affect the transportation and warehousing industries. Material handling and logistics forecasts that as soon as 2026 90% of new vehicles will be autonomous.

Truck Driver Shortage: Myth or Reality?

Talking Logistics

According to the American Trucking Associations, for example, there will be a shortage of 174,000 drivers by 2026 if current trends continue. Above the Fold transportation management truck driver shortage

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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%.

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. Answers to some of the transportation industry’s biggest concerns could also lie in improved technology. trucks transport 63 percent of ALL the goods that go to Canada and Mexico. truck drivers transportation freight trucking

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.

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

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.

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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.

The (Potential) Value of Labeling in the Lithium Ion Battery Supply Chain

The UCLA Anderson Global Supply Chain Blog

Correspondingly, demand for lithium-ion batteries has also increased and is expected to continue increasing – the lithium-ion battery market is thought to have a CAGR of 14%, with the transport sector accounting for 60% of the market by 2025. [1]

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

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

Shipchain

With the increased popularity of online shopping, an influx of truckers is needed as shippers start using different over the road modes of transportation and service types. Near the end of 2018, Walmart announced it plans to raise trucker salaries to approximately $87,500.

Where Have The Drivers Gone?

AFFLINK

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

Collaborative Logistics’ Role in the Emergence of the Physical Internet

Material Handling & Logistics

Data-centric freight exchanges and intelligent multimodal cross-docking hubs will allow haulers to move cargo effortlessly by road, rail, sea and air and seamlessly change carrier, or even transport mode, in real time.

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).

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).

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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. Some of the tightest of the previous capacity crunches have occurred within the last two decades.

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. The capacity crunch and technology are reshaping ?the the supply chain.

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.

Changing the Laws of Logistics

GTG Technology Group

According to federal laws, however, truck drivers cannot transport goods across state lines until they are at least 21 years old. Trucking industry experts predict that by 2026, the current shortage of about 60,000 drivers will triple unless something changes. The DRIVE-Safe Act: What You Need to Know. In March 2018 lawmakers proposed HR5358 , known as the DRIVE-Safe Act, to Congress. Should it pass into law, this act would result in monumental changes to the trucking industry.

A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

It is forecasted that by 2026, demand will mainly be linked to the rise in clean energy technology, in particular for neodymium-iron-boron (NdFeB) magnets –– critical components for electric and hybrid vehicles as well as wind turbines.

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

Logistics Bureau

While talking technology, retail companies will need plenty of it to meet the challenge of last mile distribution in 2026 and beyond. Certainly the idea is feasible, as companies such as Uber have already proven in the arena of public transportation. If we can crowdsource the transportation of people from door to door, retail products should present little problem. The world of retail has never seen the degree of change that’s being experienced today.

Musk's Electric-Car Vision Doubted by Major Auto-Parts Suppliers

Material Handling & Logistics

And investors seem inclined to reward those trying to transform transportation, with all-electric Tesla surpassing the likes of Ford Motor Co.