Late last week the Advocates for Highway and Auto Safety, the International Brotherhood of Teamsters, Parents Against Tired Truckers (PATT) and Citizens for Reliable and Safe Highways (CRASH) filed a petition with the United States Court of Appeals for the District of Columbia Circuit seeking to invalidate proposed HoS rule changes
With freight markets already upended by COVID-19, supply chains are in a precarious position heading into hurricane season. Further complicating matters: This season is expected to be an especially active one.
This season is proving to be very different, with COVID-19 adding another layer of complexity to supply chains. And since many markets are already behaving like they do when hurricanes hit, shippers, brokers and carriers will need to communicate even more than usual.
While there’s evidence emerging that truckload volumes may be stabilizing, the direction of spot rates remains uncertain, with upward pressure on prices as carriers continue to reject surge volume from shippers on their contracted lanes.
The trucking industry is the engine that keeps the American economy moving. Unfortunately, that also makes transportation companies occasional targets for scammers that are looking to steal from a $700 billion industry. Luckily, there are measures that motor carriers, freight brokers and 3PLs can take to protect themselves
Several key factors cloud the current freight outlook: The possible end of the extended unemployment insurance program next week, COVID-19 outbreaks in many states, uncertainty in consumer demand and rising retail warehouse inventories. The latter is one to watch if the economic recovery slows.
The third week of July is normally the busiest for summer vacationers, and seasonal retailers rely on them. But with travel restrictions on some international and interstate travel, some businesses that depend on tourism during the short summer retail season are seeing revenues down as much as 90%, year over year. This means a lot less retail freight along with fewer truckloads of food and beverages.