As the COVID-19 pandemic continues to disrupt global supply chains, trucking capacity is more unpredictable than ever. Many non-essential businesses have halted production for several weeks, which has resulted in increased empty miles. At the same time, some companies have seen capacity on key lanes get tighter, as demand for essential goods surges in certain areas.
The trucking market will likely continue to fluctuate over the next few months as a result of economic uncertainty. Companies that invest in capacity planning now will be better positioned to weather this uncertainty in the long run by avoiding empty miles or fighting for (costly) limited capacity.
What can you do?
- Identify backhaul opportunities in your freight network to ensure that you’re maximizing capacity within your available assets.
- FourKites’ Lane Connect leverages machine learning to identify backhaul opportunities within your freight network, so you can optimize your freight planning. The tool also identifies overlapping lanes with backhaul opportunities between partners in your logistics network, so you can share capacity among your fleets.
FourKites is committed to mitigating supply chain disruptions during this unprecedented time. Contact us for more information.