3PL Perspectives Hot Article - 2019: What to Expect
In the fall of 2017 we looked at 2018 as a time when upside exposure dominated. The economy seemed to be strengthening, along with freight growth. Would that continue in the coming year? The spot market was sending very strong indicators for capacity tightening and rising prices. Would the electronic logging device (ELD) mandate accelerate the increase in tightening? Would contract rates respond as spot rates already had? Or would they gently glide forward as they had during the 2014 capacity event? Well, 2018 turned out to be a year when the answers all turned out to be on the upside.