Plus: Tesla to build an electric semi-truck corridor, FMCSA approves TIA's petition for freight broker training, and Arrive Logistics releases a freight market update.
Over 57% of consumers are ready to shop greener to reduce environmental impact. As regulations tighten, companies must update their logistics strategies.
Sustainability will shape logistics into a more lucrative industry. You don't want to miss out on that sweet
April saw a 20% year-over-year decrease in used Class 8 truck sales, falling to 17,600 units, accompanied by a 29% drop in average price, according to ACT Research. With inventory growing and demand softening, Steve Tam, Vice President at ACT Research, anticipates demand for used equipment will likely decrease as freight volumes continue to contract. However, industry insiders are hopeful for a market turnaround by year's end.
Source: Transport Topics
Key trends in freight and shipping market of June 2023, with insights into spot market, carrier capacity, LTL sector and cross-border shipping.
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
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