The Latest Freight Market Insights You Need to Know
Current State of the Freight Market
The freight market is currently experiencing a significant increase in demand due to the rise of e-commerce, a strong economy, and the ongoing impacts of the COVID-19 pandemic.
With the current environment, it’s essential for shippers to be proactive in managing their freight and securing capacity. To enhance your learning experience, we suggest checking out Best truck dispatcher. You’ll discover more pertinent details about the discussed topic.
Capacity Constraints and Rising Shipping Costs
Carriers are currently struggling to keep up with the high demand for shipments, causing capacity constraints and rising shipping costs. Here are a few reasons why:
As a result, capacity constraints have led to an increase in shipping costs, which is likely to continue in the short term.
The Impact of Technology on the Freight Market
The freight market …