The first part of the year is usually defined by muted demand and softening rates within the truckload market. By early February, we are several months removed from the peak season freight frenzy. But just as it appeared that the markets would settle back into a typical seasonal pattern, a historic winter storm hammered the country.
According to an American Transportation Research Industry (ATRI) report, 2020 was the first year since 2012 that the ELD mandate has not been included in the Top Industry Issue Rankings. While that may be the case, related issues that affect shippers, like detention/delay and hours-of-service (HOS), remain top concerns. Learn more about the impact the ELD mandate has had on the industry, from implementat
Last month we discussed how slowing retail sales would not translate into reduced demand for transportation. With inventories at historically low levels, even if consumer spending continues to decline, there will be a period of restocking that will keep demand elevated well into the second quarter of this year. This restocking period will also be a boon for U.S Manufacturers.