The backlog of freight in Southern California is forcing more shippers to the truckload spot market as they search for any available capacity to speed goods inland.
Class 8 orders fell, as chip shortages limit OEM's build slots. "The supply chain remains a huge mess," FTR's Don Ake said.
The global supply chain that brings toys, clothing, electronics and furniture from Asia to the United States each year is clogged, an enduring impact of the pandemic that is unlikely to ease soon.
At the end of July I drove up from Boston to the annual Gear Jammer magazine truck show in Winchester, N.H. Everyone's eyes were on the polished-up rigs but the main topic of conversation centered around drivers.
A compressed economic recovery, following a two-month recession at the onset of the COVID-19 pandemic in spring 2020, has resulted in supply chain issues, and the stretched supply chains are contributing to inflation, an economist said.
The ports' latest tweaks to their hours come after months of congestion and surging consumer demand.
The ports' latest tweaks to their hours come after months of congestion and surging consumer demand. Port bottlenecks have directly impacted trucking firms, facing equipment detention and a shortage of drayage drivers.
3PL company says Market Rate IQ reveals $75 million in potential savings across $1.2 billion in freight during incubation phase
C.H. Robinson launched a new tool to help businesses navigate spot market costs, the company announced Sept. 20.
The August reading for the TVI—at 231—increased 2% from July and posted a 17% annual increase and is one of the five highest months on record. July came in at 222, which was preceded by June’s 237 (the all-time record), and May’s 212.