The State of the Freight Shipping Industry
It’s no doubt that 2020 has been an unpredictable time for practically all industries and areas of business — and the freight shipping industry is no exception. Read on to get an inside look at the state of the freight shipping industry, and what we think you should be aware of as both the economy and your business recover from the pandemic.
Freight capacity crunch
The recent increase in e-commerce demand shows how necessary our freight fleets are in keeping the economy running. As the demand for freight shipping continues to fluctuate with current events, we continue to monitor capacity concerns. However, with the holidays approaching, retail and e-commerce sales — and associated freight shipping demands — will likely increase in the coming months. Other industries that were significantly impacted by the pandemic, such as the industrial sector, are also beginning to increase production after a strong stop at the end of March. While it’s too soon to make any firm predictions, freight shipping capacity will likely be tight once again as more businesses begin to return to standard operations. Working with a third-party logistics (3PL) provider with access to competitive rates and a large carrier portfolio can help minimize the impact of tight freight capacity. Learn how Unishippers can help get your freight on the road.
Crucial supply chain support
In our current world climate, it’s more apparent than ever that freight shipping is a crucial element of the supply chain, helping keep our economy running. And while the pandemic has put massive strains on supply chains across the globe, it has also emphasized the powerful connection between the freight shipping industry and the health of our economy.
Freight carriers and drivers have been critical front-line responders during the pandemic. They continue to deliver medical supplies to hospitals and ensure stores remain stocked with groceries and other essential goods. This only underscores the importance of freight shipping in our current environment, and emphasizes potential capacity concerns as the demand for drivers continues. As the COVID-19 crisis resolves, we encourage small and mid-sized businesses (SMBs) to invest in assessing their supply networks — including your transportation options with Unishippers. Gaining visibility into your supply chain can help you identify and resolve issues that may arise due to limited freight capacity or other economic changes.
Increased desire for green shipping alternatives
As many sustainable practices have been put on hold in the name of public health, communities have voiced concerns about increased waste production and other environmental issues. Specifically in the freight industry, we have seen an increasing push to counteract the waste and inefficiency of moving relatively small freight volumes. While just one of many ways to go green with your freight shipping, less-than-truckload (LTL) shipping has received extra attention lately for its environmental benefits, such as reduced fleet emissions. Learn more about the benefits of LTL shipping.
Adapting to new freight shipping technology
Digital innovation continues to transform a multitude of industries, including the freight shipping industry. New shipping technologies allow SMBs and carriers alike to make fast, informed decisions and adapt to rapidly changing market conditions. These technologies — including transportation management systems put SMB freight shippers in a better position to react effectively in times of disruption. Contact Unishippers to learn how we can help your business adapt to an increasingly digital world.
As we continue to monitor the state of the freight shipping industry in the weeks and months to come, one thing is certain — freight shipping logistics will continue to be resilient as the economy evolves. Learn how a 3PL like Unishippers can keep your shipments moving no matter the current economy.
Last Updated 8/3/2020