Freight Management Today: More Freight, Fewer Trucks and Drivers
Small and mid-sized companies must take aggressive steps to lock in capacity or risk losing market share
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.
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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