Tag: how to ship ltl freight

Transportation rates forecast for Q3 2021
Transportation Rates

Transportation Rates Forecast: Q3 2021

Make sure you understand how North American transportation rates affect your business performance in 2021. Our transportation management experts share their forecasts, industry analysis and actionable guidance to support your strategy for Parcel, LTL, Truckload and International transportation.

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LTL

LTL Freight Shipping Faces Pressure on Capacity and Rates

Pendulum swings in less-than-truckload transportation are fairly common.

When freight volumes are low and carrier capacity is high – as we experienced in 2020 – there is opportunity to seize gains in cost and service. As volumes spike and fill available capacity, LTL freight shipping rates swing up and service tends to dip.

In 40 years in this business, I have never experienced a pendulum swing like this.

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Freight Capacity Shortages and Service Challenges Persist
capacity

Freight Capacity Shortages and Service Challenges Persist

If anything, the year 2020 highlighted the ways life can veer dramatically from the expected. Along with its impact on health and the broader economy, the COVID-19 pandemic and resulting rise in online orders drove unpredictable growth and contributed to new demands on freight capacity as well as service challenges in the truckload (TL) and less-than-truckload (LTL) markets.

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Industry News and Trends

Transportation Costs in 2021: Less-Than-Truckload

Consumer demand shifts that accelerated during 2020 will have ongoing effects across the transportation marketplace, including continued capacity constraints in the less-than-truckload (LTL) market. Expect 2021 rate increases to reflect these pressures.

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