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Yet, researchers and industry experts argue the labor market functions well when freight demand is strong. A December 2024 study by Professors Jonathan Phares, Jason Miller, and Stephen Burks, published by the Association for SupplyChain Management, shows carriers hire drivers when freight demand rises and reduce staff when it falls.
About Gabe Pankonin Gabe Pankonin is the CEO of Rocket Shipping, a full-service logistics provider based in Fargo, NorthDakota. A Quote from Gabe “ I’ve always had a knack for sales and relationships, but I never would have imagined it would have led me to running a fast-growing start-up in the freight industry.
For those of you on the coasts (all three of them—East, West, and Gulf) you may be vaguely aware of the Bakken oil boom in NorthDakota. For those of us in neighboring states, NorthDakota is the source of a clichéd “giant sucking sound,” the likes of which this generation has never experienced.
Today, there are 8 states in the country, including Nevada, California, Michigan, Florida, NorthDakota, Tennessee, Utah, and Arizona that are allowing the testing of self-driving vehicles on certain roadways.”.
A very interesting presentation was made by the Jennifer Murray on freight planning in Wisconsin. One of the major game changers in this state is the development of “fracking sands”, that are being used in oil exploration for directional drilling in NorthDakota, Western Canada, and the Canadian Maritimes.
As we move into the back half of May, the freight market is starting to show signs of an expedited rebound. . Th ese conditions have caused a more favorable freight environment. That is e specially the case for outbound freight in southern states and California where produce season is in full swing. . Logistics? ? .
As I highlighted in my supplychain and logistics predictions for 2013 , tablets and smartphones are quickly becoming the preferred computing platform for business professionals, which is why technology providers are designing and optimizing their applications for these devices.
Like many of its peers, Menards has special requirements to successfully bring product into its supplychain without incurring additional costs. Menards services 12 distribution centers throughout its territory with facilities in Wisconsin, Iowa, Illinois, Ohio, Indiana, Nebraska, NorthDakota, Michigan, Missouri, and South Dakota.
Produce season transportation can have an impact on your freight, even if you do not ship grains, fruits, or vegetables. Knowing these timelines is crucial to supplychain planning. But knowing the general breakdown of crop production, state by state, can help your supplychain roll with the punches. NorthDakota.
Merchants including Dick’s Sporting Goods, Lowe’s, and Walmart say the rising stocks signal a recovery from last year’s shortages driven by supply-chain disruptions and put them in a strong position to take advantage of consumer demand this holiday shopping period. The largest U.S.
Starting next week, Amazon will start actively recruiting existing small businesses in 23 states including Alabama, Alaska, Arkansas, California, Florida, Iowa, Indiana, Illinois, Massachusetts, Minnesota, North Carolina, NorthDakota, New Jersey, New York, Ohio, South Dakota, and Washington.
It was a good year for shippers as freight rates plummeted for the majority of 2019, substantially backing off the historic highs the industry witnessed in 2018. An overall economic sluggishness hit freight particularly hard in 2019 leading to what many have labeled as a “ freight recession.”.
Currently, this has not made a substantial impact on the freight market, but we are seeing signs that the industry is beginning to recover. Additionally, according to Freight Waves, “outbound tender rejections have increased week-over-week for the first time since the OTRI peaked at 19.25% on March 28.”. Southeast Logistics.
To effectively track each state’s progress in reopening and how freight is impacted, we will publish a market update for the coming weeks as the country eases out of lockdowns. . Increases in volumes started climbing this week steadily but still down 10-15% year-over-year according to Freight Waves’ Sonar indexes. .
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