We know that shippers are asking, “How much longer will this strained freight environment last?” The standard answer seems to be “Days, weeks, months, years. Who knows?” Please follow the below link to an interesting article on the forcast of contract rates and what we can expect in the upcoming future.
https://www.dat.com/blog/post/shippers-can-expect-contract-rates-to-moderate-but-when
CCJ‘s Indicators rounds up the latest reports on trucking business indicators on rates, freight, equipment, the economy and more.
Our Executive VP, Bob Freed, took part in the TIA Policy Forum in Washington DC on June 6 and 7th. The goal was to seek support for the FAA Reauthorization Act which would create a National Hiring Standard for safe drivers and a clear methodology for 3PL’s and Forwarders to follow. Currently there is no clear-cut safety standard.
Congratulations to all of our June anniversaries! As Tech Transport celebrates its 35th anniversary this year, it fills us with pride to know that all of you have been major contributors to our companies success. Thank you for your hard work and dedication.
Adam Lavalee- 19 years
Erin Blais - 15 years
Ryan Freed - 5 years
Jason Dobbins - 3 years
Cherie Yamamoto - 3 years
Christiana Moya - 3 years
Marisa Paradise - 2 years
Cheri McDowell - 1 year
Please see below for an interesting article shared by Bob Freed from the Journal of Commerce.
The April 1 deadline for full enforcement of the electronic logging device (ELD) mandate draws closer, US regulators are struggling with how to implement ELDs in specific sub-sectors of trucking, especially agricultural shipping and truck rental and leasing operations.
For years, North American shippers were warned a truck capacity crunch was coming, a crunch that never materialized, thanks to a stop-and-go, slow US economic recovery. After three quarters of steady economic growth, however, that crunch finally arrived this year, clenching supply chains with a vise-like grip, and shocking shippers who expected a slow first quarter.