Trucking I: Securing Truckload Capacity
Shippers entered 2022 focused on securing capacity commitments, as they anticipated increased volumes from imports and domestic production. By shifting freight to the contract market, they increased available spot truckload capacity and helped push down transactional rates, but can they tap that capacity? What are shippers, 3PLs, and carriers doing to address capacity imbalance in the truckload market as we drive toward 2023? How can shippers get more reliable capacity?