The Transportation Perfect Storm has been hammering truckload capacity for months, but shippers are now seeing this Frankenstorm pounding the LTL Sector!
I'm sure you have noticed that the networks of most major LTL carriers are coming in with some jaw dropping rate increases! Why? They are operating at—or close to—full capacity. As a result, shippers are seeing geographically-based freight embargoes, suspended service guarantees and higher rates.
In this week’s video, we explain the reasons for this capacity crunch and pricing behavior and offer some thoughts on what shippers can expect to see for the remainder of 2018 and 2019. Spoiler alert: to paraphrase that Country and Western song: “It Ain’t Pretty!”
For those of you who are hoping you can wait things out until better rates appear, I encourage you to read our latest blog published by Logistics Management: Note to CEOs (Part 3): Committed to reducing your rising freight costs? You must be kidding!
Instead of merely hoping for better things, I have a better suggestion: Take action! A great and simple place to start is conducting a Rapid Assessment that can help with both your cost structure and ability to service your customers. If you’d like any more information about what a Rapid Assessment could do for you, give us a call at 630-833-0890 or send us an email.
We provide these resources since we’re on your team, here to help, and passionate about seeing you be successful.
