Logistics Management: “Brokers, 3PLs scrambling to offer shippers deals in ‘simmering’ tight capacity TL market place”
Brokers, 3PLs scrambling to offer shippers deals in ‘simmering’ tight capacity TL market place
Reacting to the tightest spot truckload market in at least four years, brokers and third-party logistics providers are working overtime to obtain TL capacity for shippers during this peak freight season.
And experts are telling LM that the current tight capacity situation will continue well into 2018 partially because of the 4-to-6 percent productivity hit that is widely expected from the coming December implementation of the electronic logging device (ELD).
Jeff Tucker, CEO of the Tucker Co. Worldwide, said the ELD situation reminds him of the same impact on capacity that the one-hour reduction in hours of service (HOS) had in 2004.
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