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?
FourKites is committed to mitigating supply chain disruptions during this unprecedented time. Contact us for more information.