Trends in the inland freight industry are continually changing. Trying to keep up with these changes isn't always easy for shippers. Cargobot's primary goal is to help you stay up to date with the latest shipper news impacting the trucking industry.
Here is an overview of February 2021’s shipper news of note.
#1) How Will New Transportation Secretary Pete Buttigieg Impact Inland Freight?
A change in the political administration can often make a significant impact throughout the freight industry. Pete Buttigieg is the new Transportation Secretary, as many are expecting a fresh change of pace compared to the past four years.
National infrastructure will be a top priority, as Buttigieg revealed a $1 trillion plan. However, this budget isn't finalized.
You can view the full article at AgriNews here and stay up to date with more shipper news.
#2) The Inland Carrier Job Shortage Continues to Worsen
Truck driver shortages remain a top concern for 2021. A pay increase can help reduce deficits, but it isn't a long-term solution. Looking at ways to make the job easier while maximizing driver earnings is essential to facing these challenges.
Understanding how to improve efficiency is crucial, as truck drivers only spend seven out of eleven hours on the road.
You can check out the entire article at JOC here.
#3) Why Are Shipping Rates Suddenly Soaring?
Shipping rates continue to soar due to the impact of the pandemic. However, a recent surge in shipping rates will likely not lead to significant inflation. Many of the additional shipping costs will likely absorb into retail and wholesale margins. Secondly, most of the affected goods only account for a small share of the market.
Shipping costs will most likely go down to normal levels once COVID-19 is over.
You can look at the full article at Barron's here.
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Our team is happy to answer your questions and keep you up to date with the latest shipper news.
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Contact Cargobot to learn more about our services and stay up to date with the latest shipper news!
