This Wednesday, March 6 at noon EST, Penske Logistics Senior Vice President of Global Products, Andy Moses, will participate in the next installment of the NASSTRAC and CSCMP Perfect Storm webinar series. Titled, Rebuilding after the Storm: Using this Time of Recovery to Create Stronger Operations and Lower Costs, the one-hour webinar will review how shippers can reassess operations and rethink their transportation strategies in light of recent disruptions and challenges.
The current state of the trucking industry is putting shippers across the country in a bind – leaving them with fluctuating rates for freight transportation and a shortage of drivers. Several factors have driven high demand for trucks, including the hurricane relief efforts in Florida and Texas, severe winter storms, higher holiday freight volumes, new driver regulations for electronic logging devices (ELDs) and an overall increase in economic activity.
Freight rates are increasing and are expected to continue on an upward swing for the next 10 years with some of the highest growth coming between now and 2016.