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.
Mihlfeld Mile: March 24
Topics: Insider, Logistics Management, 3PL, Shipping
Understanding the Critical Infrastructure Classification
As COVID-19 continues to spread across the United States, state and federal politicians are using terms like non-essential or critical infrastructure to classify businesses. There are few different purposes for the classification one being them to easily distinguish which organizations are necessary to health, safety, and security of the nation. There are 16 critical infrastructure sectors who are deemed vital. Within each of the Critical Infrastructure Sectors, there are specific industries that serve as the foundation of the sector. Below we list the 16 Critical Infrastructure Sectors and the Core Industries within each.
Topics: Insider, Logistics Management, 3PL, Shipping
Mihlfeld Mile: February 2020
Topics: Insider, Logistics Management, Continuous Improvement, 3PL, Shipping
7 Holiday Shipping Trends
Holiday retail sales crossed the $1 trillion mark for the very first time in 2018, setting a new holiday shopping record. Holiday sales surpassed expectations at a 16.5% year-over-year increase and significantly surpassed the forecast for 4.3-4.8% overall holiday retail growth. This year, 2019, another increase is expected; the size of the increase will have a ripple effect across supply chains. Here are 7 things to look out for concerning shipping during the holiday season.