Spot rates, LTL volumes rise with e-commerce demand

10-14-20

Smaller shipments of goods via LTL and parcel trucks “have increased significantly” in the last few months, according to a Wednesday blog post by Vivek Vaid, chief technology officer at FourKites. September’s LTL shipments were up 42% compared to March.

Vaid said shipment counts declined in March and April, but then climbed in May, with a month-over-month growth rate of 2% in May, 20% in June, 8% in July and 1% in August. August was the peak month in the trend, with a 3% decline in September, Vaid said. The growth was not evenly spread through industries, as food, consumer packaged goods and retail companies accounted for about 80% of the growth, according to Vaid.

Continue reading on SupplychainDive.com.