The short-term boost less-than truckload carriers gained from Yellow’s exit lifted rates, but the impetus is fading, speakers at the SMC3 JumpStart 24 conference said.
Shippers are shifting their attention to the 2024 general rate increases levied by parcel carriers, and to mitigating their impact on shipping costs.
US less-than-truckload pricing is moderating as waves of disruption caused by Yellow’s bankruptcy recede, fuel prices fall and demand remains soft.
UPS and FedEx are delivering more packages on time this holiday season, helped by no shortage of capacity in the modes that feed their networks,
Is supply chain management the toughest it has ever been? Or are tech tools so advanced they’re alleviating the uncertainty and guarding against disruptions? Industry
Data shows both carriers faced waning package volumes as pricing power shifted in their customers’ favor.
Although small trucking firms are folding, there is still a large supply of carriers and trucks keeping a lid on pricing amid soft demand.
From composure to the ability to handle objections, these skills may not be part of curriculums but they make for great supply chain managers.
The variances within the carriers’ price hikes indicate what services are seeing the most pressure from competitors, experts say.
A long-shot deal could revive Yellow and bring back some of its lost 30,000 jobs—the U.S. taxpayer has a decision to make.
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