By Flock Freight · July 17, 2020
Coronavirus has taken a toll on North America’s freight industry and has left countless layoffs, bankruptcies, and permanent business closures in its wake. With so much at stake, companies have modified their supply chains and optimized for the ever-changing landscape.
Some shippers have experienced business slowdowns (and, consequently, the inefficiency of shipping less freight), while others have faced a sudden demand for their products (and accelerated shipping schedules as a result). Either way, the pandemic has impacted the daily operations of most shippers.
Like shippers, carriers have recalibrated their business models as a result of coronavirus. To overcome volatile freight rates and profitability challenges, some carriers have had to reduce payroll expenses and authorize layoffs. Carriers that haven’t closed or declared bankruptcy are securing every viable load to drum up business. As the market bounces back, carriers are realizing some relief in the form of higher rates.
In this guide:
The benefits of shared truckload shipping
The drawbacks of LTL, TL and partials
How to choose the best shipping mode for your needs
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