Our founding team of supply chain veterans and ML experts has created one of the most sophisticated suites of optimization tools in the supply chain world. Let us show you.
by Tom Moore on Apr 18, 2023 9:23:00 AM
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Bob Costello with the ATA has some great points:
The freight market is and has been worse than the macro-economy for a host of reasons, including: • Consumers move back to buying services (e.g., travel) • Related, port volumes have plummeted • Housing is currently in a recession (construction and sales) • And factory output slowing Between falling spot loads, falling spot rates, much higher costs, and driver productivity declining, capacity is leaving the industry!
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Irony: Higher driver pay leads to less productivity as drivers want more at-home time.
Summary — it is worse than we expected…and prices won’t fall as fast as shippers hoped!
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Our founding team of supply chain veterans and ML experts has created one of the most sophisticated suites of optimization tools in the supply chain world. Let us show you.