Access to capital for the majority of the 700,000 carriers that have fewer than 20 trucks is coming at a hefty price.  FreightRover Inc. plans to factor $500 million in freight bills as soon as the carrier sends the data from a phone app.  But fast payment costs these small carriers  9.5-12%.

 I don’t understand why companies that are crying out for capacity won’t pay faster.  Stats ( source Hackett):

Van spot freight costs are up 20% YoY…. Source DAT

 

One consequence of global warming – the northern shipping route along the Russian northern border, from China to Rotterdam will cut 10 transit days, BUT there are issues: