While talk of recession continues, there’s plenty to feel good about in today’s economy. Consumers have ample savings, and consumer confidence remains high. Since the start of the pandemic, personal consumption has grown at a rate of 6 percent, topping the average annual rate of 4 percent. The construction sector also remains

The cost of doing business in the transport industry has risen substantially in recent months. The price of fuel is up, while line haul rates on are in decline. For these reasons, it seems harder than ever for carriers to make a living or even stay afloat in this field. What are the root

With record-high fuel prices and line haul rates in steep decline, small carriers are feeling the effects of compression in the transport industry. These operations are the hardest hit by the recent trend toward tighter market conditions. Small carriers that have failed to prepare for the harsh realities of today’s transport economy are sure

Today’s record-high diesel prices are a serious global issue. Reduced output from refineries, international conflict, and unstable market conditions are just a few of the factors driving up the price of fuel. Even under more normal circumstances, understanding all the variables that contribute to the price at the pump can be a

For shippers, your business is only as strong as the partners you surround yourself with. But all partnerships are not created equal. Depending on your shipping lanes, the frequency of shipments, and many other factors, certain carrier partners may offer a greater value than others. Carefully selecting the right organizations or owner/operators to partner

Prior to two years ago, the US economy was red hot. Bankruptcies were down as businesses enjoyed a period of prosperity. Then came the pandemic. “Several signs and indicators pointed to a downturn prior to the March [2020] shutdown,” says Zachary Elrod, Sales Vice President at Allianz Trade North America—a trade credit

Food recalls are a serious matter for protecting public health and safety. When a recall is announced, shippers, carriers and logistics companies must work diligently to secure every lot of affected product. Steps must then be taken to ensure proper disposal once all recalled goods are reclaimed and accounted for. This process includes detailed

Food safety is one of the chief concerns for transportation carriers operating in the US today. Increased government regulation and new policies from major retailers have brought safe food handling practices to the forefront, especially within the past decade. For most large carriers, adapting to these new demands was a simple prospect.

With all the economic challenges of the recent months and years, forecasting a transport budget is perhaps more difficult than ever. Strategically aligning freight expense for next year with the many factors known today presents a unique challenge for many reasons.Availability of labor and the supplies necessary for production are among the most crucial

In the face of unprecedented economic shutdowns brought on by the pandemic, the US government rolled out a series of fiscal stimulus packages totaling 5 trillion dollars. Loose monetary policy from The Federal Reserve also helped the economy turn the corner toward recovery in the third quarter of 2020. These factors combined