Continued acceleration of the domestic freight market has been a common topic in our CLIFF NOTES weekly e-newsletter and the outlook for the freight industry shows no sign of slowing.
The transportation market is constantly changing. In the first nine months of 2017, the logistics industry has already undergone a number of changes including various NMFC shifts, ongoing carrier mergers and extremely severe weather. Additionally, the ELD (Electronic Logging Device Mandate), an industry wide regulatory change, will take effect at the end of this year and is expected to create further supply chain impacts.
Collectively, these factors have created what is known as a ‘carrier’s market.’ This is expected to persist over the coming months and possibly well into 2019. So how can businesses make smart shipping decisions?