The updates below reflect new information received within the past few days and over the weekend regarding some specific carriers and industry information. Load-to-truck ratios in March tell an interesting story as well – have we already witnessed the spot-market peak?
UPS Global Freight Forwarding/Supply Chain Solutions
- Effective March 23, 2020
- All IAF Services will be charged a Capacity Surcharge based on the below schedule:
The Less-than-Truckload market is more stable than other transportation markets at this time, but experiencing the beginnings of a capacity crunch as other modes get squeezed. LTL trends have historically followed Truckload trends. As Truckload spot market prices continues to rise, LTL will not be too far behind. However, not all carriers have the resources to weather this storm.
The information below is the most up-to-date information we have that is carrier specific regarding COVID-19. Please review our blog, The Mihlfeld Mile, for additional information by mode and general shipping updates in response to COVID-19.