Complexities in Trucking Supply Chain Cause Shippers’ Logistics to Evolve
Shippers are looking at developing their own truck fleets due to low service levels and greater affordability, a leading logistics report says.
The Council of Supply Chain Management Professionals released its 2022 “State of Logistics” report June 21 that was produced with consulting firm Kearney and Penske Logistics. It discussed annual comparisons of freight costs in the U.S. supply chain.
It predicted that a drop in demand and rates in the second quarter of this year “will squeeze carrier margins” while shippers “miffed” by current service levels, including driver shortages, will seek to have their own trucking fleets.