Hours of Service are being waived under some circumstances, to provide carriers with greater flexibility when they haul urgently needed products. See what products are included in this emergency declaration.
As more and more cities and states institute measures in response to the COVID-19 threat, consumers have rushed to grocery stores to stock up for extended time at home. Store shelves are bare, but the truckload spot market is already mobilizing to meet the surge in demand.
COVID-19 is causing the mother of all supply chain disruptions. Two weeks ago, we worried that the gap in imports reduced demand and rates for trucks in seaport markets, but then consumers started emptying store shelves of cleaning supplies and canned goods.
At some point, U.S. consumers may stay away from stores and other public places due to coronavirus fears, but for now they're shopping like crazy. It could be a busy spring for dry vans, as those inventories are being replenished continuously.