It's been a few weeks since the last market and some of that reason is that not much has changed. Status quo of higher TL rates, tight capacity, and poor LTL performance persists and is expected to last well into 2022. Same old story.
It seems like every little ripple now has a profound effect across the supply chain. Hurricanes, typhoons in China, etc, etc. All disruptions are magnified in this environment as we continue to work our way out of an unprecedented global shutdown. We all feel it every day - we see stores with fewer items on the shelves and we see delays when we order some items off of Amazon. For larger ticket items there are even longer delays. This isn't going to completely unwind soon.
Here's an interesting opening paragraph from the cover story in the Sept. 13 edition of the Journal of Commerce:
"Congestion has become so severe that US port leaders are begging importers and consignees to pick up containers or risk a system-wide meltdown that will make the last few months seem fluid by comparison".
All of this has a heavy impact on inland distribution so don't expect relief in the near term.
I'd like to call out Recon's industry-changing new feature "Best-Way" LTL carrier routing again. This is an incredibly innovative way to strategically set LTL routing decisions at the C-level vs. location level so please consider this! Contact our client services team or me directly with questions.
Overall LTL Carrier Performance