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Freight Management Today: More Freight, Fewer Trucks and Drivers

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PLS Logistics Services is one of America’s largest freight brokers and the largest third-party logistics provider to the industrial sector. The company’s 8,000 pre-qualified carrier partners give shippers access to 150,000 trucks, including the largest network of flatbeds in North America.




May 02, 2011

The numbers don’t lie. The economy is returning to pre-recession levels and freight volumes are rising.  At the same time, carrier failures, fleet reductions, and the ongoing exodus of drivers from the industry have drained the freight market of much of its capacity. This combination of rising demand and diminished capacity is creating a dangerous imbalance to which shippers have been slow to respond.

The risk is greatest for small and mid-sized companies, who lack the leverage to ensure available carrier capacity at a reasonable price. But there are steps you can take now to manage freight requirements during the coming capacity crunch to avoid supply chain disruptions and protect your market share.



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Recent Entries

Shippers and other ocean cargo carrier stakeholders should be cheering the announcement made today by The U.S. Coast Guard, as it formally notified the International Maritime Organization through a Declaration of Equivalency that the United States position on SOLAS is that there are multiple methods to submit the combined cargo and container weight (Verified Gross Mass or VGM).

The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).

March shipments at 798,180 trailed February by 12 percent and were down 19 percent annually. For the entire first quarter, shipments were relatively flat annually, rising 0.27 percent to 2,587,988.

OCEMA says it has placed a priority on working with other stakeholders to find operational solutions that will help U.S. exporters, carriers, and marine terminals prepare for the implementation of the SOLAS Verified Gross Mass (VGM) rule.

The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.

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