Translogistics Blog

 The current capacity crunch has only continued into October 2020.  

Last week's end of month/end of quarter rush proved challenging for many carriers and shippers alike, due to the current capacity crunch. LTL networks were extremely stressed with end of month pickup requests and record numbers of deliveries. Truckload rates continued to climb, as load-to-truck ratios showed that capacity remained tight on the spot market. The pace of spot truckload rate increases slowed for dry van and reefer freight, but flatbed increases continue to surge.

As we head into the 4^th quarter of what has been an unprecedented year in the freight markets, your team at Translogistics wanted to provide several KPI charts that help paint the picture of the current environment.  As you will see, all areas of global transportation are facing rate increases caused primarily by a sharp increase in demand and tight overall capacity.

On-time carrier service levels on average continue to be 15-20% below normal industry levels, demand remains extremely high for trucking, and spot market freight rates are continuing to rise. The current environment continues to be referred to as "unprecedented" by most seasoned supply chain professionals. TLI is seeing more and more carrier service issues creeping up daily across all our client base, no matter which area of the country they are in. The most common issues are late arrivals for pickups (after published close times), delayed shipments in transit (averaging 1-2 day delays), and freight damages. Please be assured, our carrier sales team is continuing to work diligently to improve the issues you are
experiencing.