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.
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.
According to DAT Freight & Analytics, shippers are at the precipice of their most challenging peak season yet.
With tight trucking capacity and market volatility pushing more freight into the spot market, global logistics provider C.H. Robinson has launched Market Rate IQTM – a new tool that shows companies how their spot rates compare to a trusted third-party benchmark and breaks down where they could save money.
As shippers increasingly turn to – or are forced to – the spot market for truck capacity, automation will identify opportunities to lower costs, according to C.H. Robinson Worldwide.