It’s finally the Fall seasons here in Georgia and hopefully for you as well. Maybe it will stay with us this time!
So, have you seen the Business Insider Intelligence report, The Top 5 Disruptive Trends Shaping Transportation and Logistics? They are covering topics about Amazon, Technology and Congress, among others. You can get a free copy of the report, here. You’ll simply fill out a quick form and you will receive a link to download the report. It’s not long, but there might be some information for you to be aware of, or at least updated information you may already know.
Logistics Management reports that Brokers, 3PLs scrambling to offer shippers deals in “simmering” tight capacity TL market place “Reacting to the tightest spot truckload market in at least four years, brokers and third-party logistics providers are working overtime to obtain TL capacity for shippers during this peak freight season.” Jeff Tucker #, CEO of the Tucker Co. Worldwide, said the ELD situation reminds him of the same impact on capacity that the one-hour reduction in hours of service (HOS) had in 2004.Tucker said, “That was a shock to the (capacity) system, exactly the way ELDs will have today,” Tucker told LM. “Back in 2004, we had endured a tight market for about two years. But that change prolonged the shortage for another 18 months.”
The Wall Street Journal Supply Chain and Logistics News reports that Leasing rates for warehouses in the U.S. have never been higher, and that the country’s largest cities are making prices rise. They reported, “Asking rents for industrial space in New Jersey soared 11.8% in the third quarter and rates in Northern California also rose at a double-digit pace, the WSJ’s Keiko Morris reports, according to a report from real estate firm JLL that shows demand for distribution centers still outpacing supply near population centers.”
As of September 8, 2020, Crimson & Co (formerly The Progress Group/TPG) has rebranded as Argon & Co following the successful merger with Argon Consulting in April 2018.