The coronavirus pandemic has scrambled customer demand making times difficult for freight transportation and business shipping worldwide. The transportation and logistics industry has stepped up in major ways to help get critical medical supplies and essential products to fulfill needs. Here is a look at how COVID-19 is currently impacting freight shipping so that you can adjust your business’s logistics strategy to be cost-effective.
Ocean rates are higher and, longer lead and transit times have pushed companies to change from ocean to air freight, thus increasing air rates. This is especially noted with shipments from China to the US and Europe. During the spring months, there was a steady fall in ocean freight shipment volumes. However, since May there has been an incline that is continuing through the summer months as well. The air freights rates have increased. As a business owner, you will want to evaluate if air or ocean is the better option for your budget and needs.
PPLUS Global is staying current with all the rates and trends. They also have the expertise to evaluate the best options for your business strategy.
Trucking volumes are continuing to increase. As it is has proven to be a steady way to deliver goods within the U.S. Trucking volumes have increased this year in comparison to last year.
The less than truckload (LTL) shipping has been consistent, and carriers are trying to keep pricing and operating at the same rates.
While the situation is unpredictable, there are steps that you can take to help make sure your freight gets to its destination.
Working with an Experienced Logistics Provider
One of the best ways to get the best rates and on-time deliveries is to work with an established logistics provider. They work with a variety of carriers and understand all the options. They can help you pick the best mode of transportation and ensure your profitability. PPLUS Global understands accessorial charges that can occur with inaccurate paperwork and other errors. We will advise you on all aspects to keep your shipping cost-effective and arrive at its final destination. PPLUS Global is a leader with the resources to help your company shine with your customers and get you the most cost-effective solutions. Give us a call today.