Efficiency: Powered by Shared Truckload

Everything you need to know about shared truckload shipping

Coronavirus has taken a toll on North America’s freight industry and has left countless layoffs, bankruptcies, and permanent business closures in its wake.

With so much at stake, companies have modified their supply chains and optimized for the ever-changing landscape.

Some shippers have experienced business slowdowns (and, consequently, the inefficiency of shipping less freight), while others have faced a sudden demand for their products (and accelerated shipping schedules as a result).

Either way, the pandemic has impacted the daily operations of most shippers.

Like shippers, carriers have recalibrated their business models as a result of coronavirus.

To overcome volatile freight rates and profitability challenges, some carriers have had to reduce payroll expenses and authorize layoffs.

Carriers that haven’t closed or declared bankruptcy are securing every viable load to drum up business.

As the market bounces back, carriers are realizing some relief in the form of higher rates.

Technology is the key to success during the pandemic

Here's how businesses are using it:

• Shippers: Gathering actionable data to team up with carriers.
• Carriers: Gaining visibility into their shipping methods (via technology like a transportation management system) and service offerings for essential freight.
• Freight brokers: Applying technology that provides real-time data insights, in addition to helping carriers boost productivity and lock in profitable loads at scale.