‘Tis the season for high capacity demand and even higher freight prices. According to the DAT, spot market rates were at record highs in June and are set to climb in single digits through 2019. Even companies like Kraft Heinz and Coca-Cola are raising costs to offset higher freight expenses.
Covered deeply in the logistics industry, rising transportation costs is a serious issue. With many factors coloring rate fluctuations like scarce capacity, the driver shortage, regulations, tariffs hikes, fuel price surges, and booming economic growth, logistics leaders face everyday pressures to overcome escalating prices.Read More