Carriers have begun to report stronger earnings than expected, contradicting expert predictions that a healthy rebound would not be seen until 2021. Multiple data sources are suggesting that volume will continue to rise throughout August as the industrial sector, along with imports, gets back to full production levels. "We moved a healthy amount of freight last week, almost 3 times more than the last week in May", said Oleg Yanchyk, Sleek Fleet CIO. "Contracted freight can't keep up with the increased demand, so Sleek Fleet is supplementing primary and preferred networks to help our shipper customers avoid the costly spot market". #SleekPOV
The U.S. Department of Transportation announced that changes are coming to federal hours of service regs. According to Dean Corbolotti, Sleek Fleet Director Shipper Engagement, "Long haul drivers will have more flexibility, which in turn will give them the opportunity to provide better service and possibly make a little more money at the same time.
The estimate was based on an average production utilization rate of 50% for the month of February and a 30% reduction in Chinese demand over the next six months.
Daniel Smith from Amber Road talks API's with Talking Logistics. To read more, click here: https://talkinglogistics.com/2019/08/13/apis-high-value-useless-data/