Posts

Truck Drivers: Heroes on the Front Lines of the Fight Against COVID-19

Is your local grocery store out of toilet paper? You can blame your neighbors for hoarding it, not the supply chain for running low. Production facilities around America are still churning out product, and America’s truck drivers are driving full-time (and then some) to deliver the essentials from coast to coast … potentially risking their own health and certainly risking their own comfort in the process. 

There are about 3.5 million truck drivers working around the country in 2020, according to the American Trucking Association, and they haul more than two thirds of our total freight tonnage annually (that’s more than 10 billion tons) to stock your shelves and so much more. 

When things are good, most of us don’t really notice all they’re doing behind the scenes to keep our lives operating normally. But in a crisis, like the current COVID-19 pandemic, truckers have joined healthcare professionals as workers on the front line of the battle.

After one of the industry’s worst years on record, truckers are now in high demand to keep up with the rush on supplies. This unprecedented pandemic has thrown a wrench in any trucking outlook for 2020, no matter how expertly-predicted. 

Instead of the tough year we were prepared for, “the trucking industry could be key to keeping the economy afloat during the COVID-19 pandemic,” says one article

“Without truck drivers, the millions of Americans who have been urged to stay at home would be without food and other essential goods. Healthcare workers would be even lower on personal protection equipment than they already are. Cities around the countries would be without sanitary supplies that allow us the chance to stay healthy,” says Andy Tuley, Vice President of Business Development at Agforce. “They are truly some of the unsung heroes of this crisis.”

At a time when record numbers of Americans are filing for unemployment, truck drivers are experiencing increased demand on their time. In response to COVID-19, the Department of Transportation loosened restrictions on how long drivers can be on the road each day, in order to deliver their shipments more quickly. But what toll does that take on them? 

“Many truckers said they aren’t overly concerned about getting sick, although their jobs – which require touching shipments that could be contaminated, interacting with others, and going out in public at a time when many lawmakers are urging people to stay home – could put them at increased risk of contracting the virus,” according to a USA Today article

Precautions are in place to keep drivers from working while sick, and to keep them from passing sickness onto consumers. Pamela Polyak, president of Polyak Trucking told FOX6 News that her drivers are often being screened upon arrival at their destinations to check for symptoms.

Beyond direct health implications, “there are now fewer options for truckers to eat when they take a break,” says WSPA. “Restaurants have allowed for more drive-thru and delivery options, but there are still limited choices for those driving a semi-truck. Gas stations and grocery stores are convenient, but most shelves are empty.” TravelCenters of America closing their Driver Lounges, meaning fewer places for drivers to stop and rest. 

Still, the drivers keep on truckin’. 

Agforce has long recognized that truck drivers are the behind-the-scenes heroes allowing our business to thrive. As the COVID-19 crisis looms, it becomes more and more apparent that they are the heroes helping all of America to thrive, as well.

Even better tracking and tracing of your shipments, now at your fingertips.

Our people make the biggest difference in your experience. Whether you’ve been a customer for years or you’re just starting to work with us, you know that. From the second you connect with Agforce, the human element of our business is obvious. We’re there when you need us, to talk you through the logistics of getting your product where it needs to go.

But even our team of rockstars can’t be everywhere at once. That’s why we now offer freight visibility through direct and customer integrations via MacroPoint, FourKites and the Agforce Portal.

MacroPoint is a global, real-time freight visibility platform that provides accurate load location information so you can see all your in-transit freight in real time, at once, in one portal.

FourKites is a Chicago-based technology company that provides real-time tracking and supply chain visibility solutions that simplify the sharing of critical load information for the entire logistics industry.

We understand that you and your customers work to maintain leaner inventory levels, so knowing where your product is and when it will arrive is more important than ever in today’s logistics environment. MacroPoint and FourKites are two of the best platforms to ensuring you have that freight visibility.

But because both of these systems rely on the cell reception of multiple providers, they are fallible. That’s why we make sure our team is always ready to fill in any potential gaps and provide you with a fantastic customer experience, no matter what.

When our partner technology fuses seamlessly with our people, you’re able to stay on top of your shipments end-to-end, watching their progress and tracking them manually when you need to. Through the Agforce Portal, our team has the capability to connect with you via EDI or API with our customers so that all updates will flow through automatically improving efficiency so that you can better service your customers.

We offer tracking via web portal, push notifications and all the other cutting-edge tech you’ve come to expect … with a team of caring, passionate experts to back it up. Can your logistics partner say the same? If not … maybe it’s time to get in touch with Agforce. Call Agforce at 877.367.2324 or email us at inquiry@agforcets.com.

Have You Thanked A Truck Driver Today?

We have – It’s National Truck Driver Appreciation Week! The Agforce team appreciates its truck drivers more than we can express every week, but we love having the opportunity to thank them officially and publicly once a year.

This year, we’re visiting some of our local carriers bearing gifts as a thanks for everything they do. We’re also sharing some of the coolest, most mind-blowing facts about truck drivers and the truck driving industry so that all of you can share in our awe of these men and women who quite literally keep America running. 

Truck Driver

Understanding the Importance of Truck Drivers

In 2018, there were 3.5 million men and women employed as truck drivers in the United States, and 7.8 million people employed in jobs related to trucking (hey, that’s us!), not even counting the self-employed. Business Insider did the math and determined that almost six percent of all Americans with full-time jobs did something related to truck driving. And a study by National Public Radio found that “trucker driver” was the most dominant job in 29 U.S. states, including California and Texas. That means even without taking into account all the industries truck drivers support, they are crucial to our nation’s economy on their own. 

Then, consider how much the rest of our economic ecosystem relies on truck drivers: Trucks moved roughly 71.4% of the nation’s freight by weight in 2018, according to the American Trucking Association (ATA), which means without their drivers, virtually every other industry – from agriculture to healthcare to technology to food service to retail – would grind to a halt. Business owners, consumers and those in need of life-saving services would suffer almost immediately. 

As it is, a truck-driving career isn’t without suffering of its own. Drivers put in up to 70 hours behind the wheel every week, and drive almost 300 billion miles a year, combined. These grueling hours can mean weeks at a time away from home, reduced access to healthcare and nutritious foods, lack of physical activity throughout the day and a lot of solitude. It’s not a career that’s a good fit for everyone, making our appreciation for those who love it and do it well even greater. 

Because the domestic trucking industry isn’t affected by automation or offshoring, two of the biggest threats to the American workforce, the need for qualified, reliable truck drivers will only continue to grow. The ATA projects overall freight tonnage to “grow to 20.6 billion tons in 2030, up 25.6% from 2019’s projection of 16.4 billion tons. Truck drivers will continue to make a major contribution to society for decades to come, and we plan to continue thanking them for at least that long. 

Agforce is growing quickly, and we recognize none of that growth would be possible without the network of carriers who allow us to be as agile and responsive as our customers expect. Our truck drivers get us where we’re going – literally and figuratively. 

Want to thank a truck driver today? Use the hashtag #ThankADriver on LinkedIn, Facebook or Twitter. Want to partner with Agforce? Reach out! You can call us at 844.713.6723 or email us at inquiry@agforcets.com.

Case Study: Thurston, Inc.

The Client

“I didn’t realize how easy it could be. Night and day difference,” raved Amanda with Thurston, Inc., a leading hybrid seed brokerage, while speaking of the difference in their freight shipping from one year to the next. And she gives full credit for the change to Ingrid. 

You see, Ingrid is one of our logistics experts, and after she and Amanda met, Ingrid promised Amanda she would never have to worry about what was happening with her freight again. Ingrid has been making good on that promise ever since. 

Opportunity for Improvement

Before Agforce and Ingrid, Amanda was working with multiple sources to move her truckload and LTL freight. The general nature of Thurston’s business means there is sensitivity around blind shipping. So, they need good communication and affirmation for peace of mind. They need to know the shipper and consignee will stay unknown to each other. Their previous resources didn’t give them much reassurance around shipments being picked up, let alone confidence the paperwork would be handled correctly. 

Amanda wears a lot of different hats at Thurston. There is simply not enough time in the day for her to get everything done if she’s constantly checking on the state of their freight. Plus, she knew that if she didn’t receive communication from the 3PLs and carriers she tendered freight to, her customers weren’t receiving any updates either. They couldn’t allow their freight shipping to leave a sour taste in their client’s mouths. 

Solution Design

Ingrid’s goal: Give Amanda the confidence to know her freight is handled. Ingrid and the team laid out a communication plan that prioritized immediate response when Amanda submits a load for pickup, and they reach out with updates so she can know things are on track. Ingrid wanted to ensure Amanda could work on the other things that keep Thurston running, and doesn’t have to worry about follow up with her freight. 

Today’s Processes 

Amanda shared, “It’s been a big weight off my shoulders. Agforce just makes freight easier.” She went on to tell us the amount of time she has to spend dealing with freight has been cut down due to the good service and communication from Ingrid. During their heavy truckload season, they used to wait up to two and a half weeks between loads while their 3PL sourced equipment. Ingrid put processes in place and found carriers that appreciated the regularity of Thurston’s freight with multiple loads in the same lane to secure the best service. Thurston made it through their busy shipping season in record time! 

Amanda knows she’s not alone in her appreciation of Ingrid. Their customers even remark on how great Ingrid is to work with and appreciate the quality drivers she sends to their facilities. 

If your freight shipping could use someone like Ingrid, let’s talk. Wouldn’t you like some time back to focus on the other stuff? Together, we can move your business forward. Give us a call at 877.367.2324 or email us at inquiry@agforcets.com.

Sip, Sip, Hooray! Agforce and Fastbreak Collaborate on Warehouse Expansion

Agforce has doubled down on its longstanding partnership with Fastbreak Consolidators, Inc, the leader in Northern California wine consolidation, to increase warehouse space by 10,000 square feet. This extra space, plus investments in additional drivers and tracking technology, means we can pass our unique experience and understanding along to more customers who need us. 

Fastbreak Warehouse

“This is the first foray into warehouse space for Agforce,” says Andy Tuley, Vice President of Business Development. “It not only signals the growth and evolution of our business, but the lockstep relationship we have with Fastbreak. No other consolidators in the industry have honed in on their expertise like Fastbreak, and they’ve done it intentionally so that makes it easy for us to treat our customers right.”

Distributors across the United States rely on the Fastbreak and Agforce partnership for quick, efficient wine deliveries no matter the situation. “Let’s say your sales rep has a wine vendor coming next week that nobody told you about. Or someone scheduled a wine dinner for next week, and you don’t have the product. You can call us in a panic at 3 p.m. on a Friday, and we’ll make it happen,” says Chris Stranckmeyer, Manager Business Development Wine & Spirits. “We’re not even going to argue. We’re going to get off the phone as quickly as possible so we can send a driver to get the product you need and get it to you on time. We get it, and that’s why we get it done.” 

The Agforce and Fastbreak partnership eliminates partially-filled truckloads, maximizes the use of all capacity and includes access to proprietary technology that provides visibility into all aspects of an order. In short, it’s airtight. 

“Together, Fastbreak and Agforce are able to show customers exactly who is taking care of their product, its status and its estimated delivery time, from our warehouse door to the customer’s door,” says Kathy Edwards, Fastbreak Office Manager.

Fastbreak Warehouse

“We pass the baton back and forth so quickly that our customers don’t even notice it happening,” says Tuley. “All they notice is that we can meet their needs – no matter how crazy, last-minute or specific, in a way no other 3PL can.”

Both companies are committed to customer service, customer retention, growth and laser-focus on what we do best. As the wine consolidation industry grows and shifts, Fastbreak remains the leader, even amid other companies’ mergers and acquisitions. And it appreciates Agforce’s contribution to its growth, viewing us as an extension of its company that it can trust to treat customers in the same way it would. 

“Fastbreak has been committed to its core values for more than 30 years. While others change, try to diversify, or get bought out, we continue to stay true to ourselves and what we do. We’ve found a true partner in Agforce – they support and complement our firm foundation,” says Edwards.

We’re so confident in our continued growth that increasing our warehouse capacity by 25% was a no-brainer.

“In 2018, Fastbreak and Agforce consolidated more than 3.5 million cases of wine, a number that will only increase this year and into the future,” says Brett Eckinger, Director of Sales at Agforce. “We are thrilled at the additional volume our new warehouse space will allow us, and the additional value we will be able to offer our customers based on this investment. We are proud to celebrate our continued growth as a Fastbreak partner.” 

A toast to Fastbreak, Agforce and our customers!

Want in on the amazing agility Agforce and Fastbreak provide? Give us a call at 877.367.2324 or email us at inquiry@agforcets.com.

We’re One of KC’s Top 10 Small Businesses

Every year, the Greater Kansas City Chamber of Commerce sponsors the Small Business Celebration, a series of events that support and celebrate the Kansas City small business community. The Celebration then results in a highly competitive selection of Top 10 Small Businesses.

In 2019, Agforce Transport Services was one of the Top 10!

Agforce Top 10

“I am so proud that Agforce was honored with the Kansas City Chamber of Commerce 10 Top Small Businesses of 2019 inclusion,” said Marie Burger, Agforce Business Development associate. “This recognition helps to validate our young company as we continue to grow both in the Kansas City area and the country.”

The Chamber’s Top 10 Small Businesses were narrowed down from a pool of more than 2,00 applicants, and included Charlie Hustle Clothing Co., IBC Inc., KC Bier Co., Lever1, Odimo, RFP360, Ripple Glass, TREKK Design Group and VeriShip, in addition to Agforce.

“We were honored to be included with such a successful and dynamic group of companies,” said Michael Preisinger, Managing Director.

“Being included with such fantastic company in the Top 10 was extremely exciting and rewarding for everyone at Agforce,” said Andy Tuley, Vice President, Business Development. “It has inspired us even more in our direction of Agforce and committed us to double down in our involvement in the Kansas City community.”

Since we were founded in 2015, we’ve differentiated ourselves from the rest of the transportation and logistics market by offering a customer experience that’s above and beyond what they have come to expect. And since 2015, we’ve known that our people are the reason we’re able to do that.

“It is a true blessing to work with a team that does an outstanding job. To have our team recognized for being exceptional is encouraging and appreciated,” said Karla O’Malley, Carrier Compliance Manager. “This recognition lets the rest of Kansas City know we are here, ready to serve with logistic challenges, help with compliance issues, or become a job seeker’s new home.”

No, we didn’t win the elusive “Mr. K Award” (named after Ewing M. Kauffman and awarded to the top small business), but that doesn’t put a damper on the pride we feel at this nomination.

“When Agforce started less than four years ago, this recognition is not something we would have even considered to be honored with, especially in this short of a time,” said Preisinger. “We believe this is a testament to all of the employees’ hard work and perseverance.”

We send our most heartfelt congratulations to the Mr. K Award winner, TREKK Design Group, and the rest of the Top 10. We know how we excited we are for the growth Agforce has planned, and we can’t wait to see the rest of you grow, too. Together, we’re shaping Kansas City into a diverse, dynamic, forward-focused community.

Cheers to the future!

Want to be part of an enthusiastic, talented team? Check out careers at Agforce Transport Services.

Case Study: Major Brands

The Client

Major Brands is a leading Missouri distributor of premium spirits, wine, beer, and non-alcoholic beverages, and the largest distributor that remains Missouri-owned and operated.

With offices in St. Louis, Kansas City, Springfield, Columbia and Cape Girardeau, Major Brands employs more than 600 people and serves more than 9,000 retail customers throughout the state.

Opportunity for Improvement

We were moving Major Brands inbound freight through a system of multi-pickup truckloads. Their shipments consisted of a variation of wine, spirits and beer shipping from ports, distilleries and manufacturers across the U.S. But, it wasn’t perfect.   

The multi-pick solution started to create a hassle with missed pickups and late deliveries on Major Brands’ purchase orders. “We had planned ship dates and our sales people worked off of delivery targets. With the fluid market for spirits, slipups started to impact our pricing, bottom line and overall customer experience,” shared Erin Evans, Inventory and Transportation Manager.

They needed to consider different options for their freight in order to operate with more efficiency and dependable timelines.

Solution Design

Our team members Michelle and Chris were on it. The short-term goal was a solution we could implement to solve the inconsistency of Major Brands freight shipping. Long term, we wanted to create a relationship that would provide value to Major Brands.

To do so, Chris, Michelle and the rest of our team worked together to design a tailored plan. We developed a plan with a mixture of LTL and multi-pick loads that focused primarily on the per case cost to the customer. Not only did this provide a lower transportation cost to the customer, it also allowed us to work within the confines and time restraints of Major Brands wide array of vendors. The result is a cost effective, time sensitive and economical approach to moving orders of all sizes.

Today’s Processes

Fast forward to the present and Major Brands doesn’t give their freight a second thought. They put their deliverables in our hands. That’s the part they like best. They just know things are going to happen as planned — the way a true partnership should work.

The new processes have allowed Major Brands to evolve and we have been in lockstep with them the entire way. They now work with less quantity and more brands. It’s all possible because we listened and leaned in. Technology is great, but we gave them so much more: personal attention and the freedom to concentrate on their business.

Today, they generate a purchase order, indicate Agforce for routing and copy us on the email. From there, it is just handled. The vendor reaches out when the freight is ready for pickup and Major Brands doesn’t have to think about it again.

“It is truly amazing. Agforce has removed the burden of our freight shipping unknowns. We can confidently make purchasing projections, a key in the retention of our business, and know things will deliver the way they are supposed to,” stated Erin. “And if there is a hiccup, Michelle and Chris are on it. They are always looking out for our best interests. The partnership is invaluable to us.”

If your freight shipping could use a personal touch, let’s talk. As an extension of your business, your objectives are ours too. Together, we can customize the right plan for you. Give us a call at 877.367.2324 or email us at inquiry@agforcets.com.

The Experience Makes a Difference

Great customer experience. It’s a hot topic right now across many industries, including transportation. But, how do you know you are getting the best experience? It may be a gut feeling, intuition, but let’s see if we can pinpoint some checklist items for a strategic evaluation. And, while we’re at it, let’s tackle why experience matters. It can be impactful to your business with consistent deliverables that free up your time. A great experience also means you have a business partner that is engaged in your success — and that equals a boost to your bottom line.

Ok, that’s all well and good, but what is a great customer experience?

Well, at its core it is convenience. Nothing about your experience with a vendor should be hard. With a 3PL that has created an exceptional customer experience, you should be walking on Easy Street. They’re going to excel at three things.

1. Communication

They will be in touch with you for anything that needs your attention in a timely manner. Communication will be proactive, and when you reach out, they will respond. You shouldn’t feel like things are murky or information is being withheld. Transparency will be apparent. Here are a few other things you should look for:

  • Honesty: It’s the foundation of trust for a true partnership.
  • A relationship: Is your communication meaningful? Can you feel a growing connection?  Do they care about your success?
  • Reliability: They should take ownership of what you task them with. If they cause you stress, move on. A great 3PL experience will be consistent and provide peace of mind.
  • Vision: Do they seem to have a plan for improving your business? Look for a forward-thinking partner that helps you move the needle.

2. Technology

Enhanced performance comes from the right technology. Your 3PL should be able to spot trends and make recommendations to keep your shipping on track and on budget. In addition, they will provide you valuable, real-time data.

3. People

The royal treatment from a 3PL means they will have great technology, but they won’t hide behind it. They will invest in the right people. Beyond the right people, they will make sure you are working with the individual that best matches up with your business. How will you know they make their people a priority?

  • Everyone you talk to is engaged. They take their time to understand you.
  • The 3PL invests in their team’s growth with training and education.
  • It’s not just lip service. They have the right people to execute the plan.
  • Employees are all rowing in the same direction. They are like-minded, focused on the same outcome.
  • You will feel like the center of the universe because the customer is at the center of everything they do.
  • They will take a holistic approach. Not only will they know your shipping inside and out, they will understand your entire business model.
  • Your representative will be collaborative — a true partner — because that is how their own team thrives.  

Summary

With a great customer experience you will find an evolving relationship that focuses on your long term goals. The attention you receive will not stop after onboarding, but rather it will build into something meaningful for your business. A great experience with a 3PL will foster growth with consistent processes driven by communication, technology and the right people. Now you should experience this: Agforce. You’ll find a true partner that acts as an extension of your business and in your best interests. Together, we can free up your time, get you peace of mind and grow your bottom line. Give us a call at 877.367.2324 or email us at inquiry@agforcets.com.

Diversification: Optimize Your Supply Chain

Diversification [dih-vur-suh-fi-key-shuh] noun: the act or practice of manufacturing a variety of products, investing in a variety of securities, selling a variety of merchandise, etc., so that a failure in or an economic slump affecting one of them will not be disastrous.

The economic slump referred to in the definition of diversification translates to supply chain as tight capacity. If you are only using an asset-based freight service high demand means, inevitably, you are going to face a disruption to your supply chain, impacting your company’s profitability.

When you diversify your freight providers by adding the right 3PL to your mix, you are getting access to capacity in any lane at any time, making your supply chain agile and adaptable. The result will be increased performance and better cost control throughout your supply chain.

Summary

Keep your options open. When you partner with a 3PL, they can help you find capacity that an asset-based provider may not have access to. Service is their product. With that mindset, they can help you build the perfect mix of capacity and cost control to optimize your supply chain.

Agforce can help you maximize efficiency and avoid disruption to your business. Together, we can deliver the right mix for a nimble, agile and profitable supply chain. Give us a call at 877.367.2324 or email us at inquiry@agforcets.com.

Freight Industry Update: Fourth Quarter 2018 & 2019 Market Outlook

The market still supports premium freight rates, based on tight capacity and high demand. Is this the new normal? How long will rates stay high? Let’s consider the current market and discuss possible shifts on the horizon as we round out fourth quarter and plan for 2019.

Freight Industry Right Now

As of October, freight industry executives still reported turning down record amounts of freight. However, the disparity between spot market rates and contract rates indicate we could see capacity and demand begin to balance. To understand what is happening currently, we also need to consider the national spot market rate though. Averages are a bit down in comparison to earlier in the year, but they are still up 20% annually. Experts do feel the market is stabilized for the remainder of fourth quarter and we could start to see some balance in capacity that extends into early 2019.

Note: Winter weather storms could impact capacity and rates, similar to Hurricanes Harvey and Irma, which caused a spike in spot market demand in 2017.

 

The Carrier Take on Freight Rates

Ask most carriers and they will tell you they have been on the short end of the stick when it comes to trucking rates for too long. Citing more than 10 years of profit margins around pennies on the dollar. They attribute the inability to reinvest in drivers and equipment to the lack of earnings. Many believe the higher rates are the new normal, and shippers should prepare their strategies with this in mind long term.

Some recent data points from DAT may not fully align with carrier thoughts. Van, flatbed and reefer average spot market rates were down in August. However, annually the average spot prices were still up per mile: van rates 35 cents; flatbed 46 cents; reefer 31 cents.

In a recent Logistics Management article, Mark Montague, DAT pricing analyst, reminds us that “demand peaks before rates peak, with rates tending to stay up, even as things start to cool off at times.”

Note: While there have been some dips, big picture spot market conditions support the rate increases we have seen for the last couple of years.

 

4th Quarter Rates

Present contract freight rates, fourth quarter 2018, were negotiated in late 2017 and early 2018, a time that was extremely favorable to carriers with capacity low and demand high. September 2018 found a wide disparity between the average spot rate and contract rates, with average spot rates favored by 23 cents per mile.

This could indicate an upcoming shift in the demand to capacity ratio. We may begin to see the freight industry balance for shippers. Tender turn-down by carriers have not been prevalent in recent weeks and there has been success in securing lanes for contract freight. If demand does indeed begin to indicate parity, spot market rates should only be a factor for one-off shipments and short-lived spikes in demand.

Note: Driver shortage still impacts rates due to the impact on capacity crunch, but the numbers are on the rise which could help to balance the market. The Bureau of Labor Statistics data shows driver numbers up by about 31,000.

 

2019 Freight Industry Outlook

The optimal state for the freight industry may very well be equality between supply and demand.
That balance seems like a thing of fairy tales. The winding path of the freight industry market is ongoing, impacted by carriers, shippers, consumers and the overall economy. It looks like 2019 will continue on the same curvy road. There are more than a few considerations as you prepare your strategy for the upcoming year:

  • Though trade wars are top of mind with the full impact uncertain, the strong economy looks as though it will hold.
  • There are strong indicators of freight rates continuing to rise. However the year-over-year percentage of increase should be below 2018 levels.
  • Carriers are investing in new equipment, based on the increase in sales of Class 8 trucks. This is not an indicator of more drivers necessarily, more an affirmation of trucking companies need of technology upgrades to meet regulations. Added bonus: Cutting-edge equipment is attractive to new drivers.
  • Consumers are driving changes in trucking industry operations. Shippers have shifted to more regional hubs in order to cut transit time. This has impacted the average haul distance — dropping nearly 300 miles per load since 2005.
  • Owner operators are banking on the spot market continuing to pay off. Many leaving small and large carriers to go out on their own.
  • The driver shortage is expected to remain at record levels but will taper off.
  • Capacity should loosen up just a bit with a possible double-digit percentage decrease in the volume of freight tendered.
Note: The American Trucking Associations’ Freight Forecast projected freight volumes to increase more than 35% by 2029.

 

What Can Shippers Do to Prepare?

With so much in flux that can impact you and your business’s profits, how should you navigate the freight industry peaks and valleys? Here are a few ideas:

1. Don’t forget the basics

The freight industry is cyclical, often hand-in-hand with the national stage, driven by one of the most basic economic principles: supply and demand. When we have a capacity shortage, the freight rates will negatively impact bottom lines.

2. Invest in analysis

You have your shipment data; compare it to what is happening in the market. This can help you formulate a picture that leads to a greater understanding of trends to inform your longer-term strategies.

3. Work with a 3PL

3PLs are in the best position for industry knowledge. They set pricing with both carriers and shippers. A good alliance will help you to ride the freight waves gracefully, helping your business to succeed in protecting its bottom line.

Together, we can simplify logistics. Let’s partner and create solutions for your business. Give us a call at 877.367.2324 or email us at inquiry@agforcets.com.