According to U.S. Xpress, a truckload carrier based in Chattanooga, Tennessee, the fourth-quarter economic outlook predicts continued high freight demand with some caution. "Freight will continue to flow at a breakneck pace for the foreseeable future," the Monday report stated. The view expressed concern about the general economy, particularly the...
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What impact will venture capitalists have on the freight industry’s future?
Investors sitting on their funds due to pandemic-related uncertainties have returned, and many are looking at the logistics sector. The coronavirus epidemic drew attention from private equity and venture capitalists alike, highlighting the industry's relevance and areas ripe for development. "Creating new things requires expenditure, especially when technology is involved....
Despite labor shortages, fleet automation allows carriers to thrive
Supply chain inefficiencies and bottlenecks have been undeniably exposed since the outbreak of COVID-19, to the point where the White House recently pledged to "move more goods faster, and strengthen the resiliency of our supply chains, by moving to 24/7 operations at the ports of Los Angeles and Long Beach."...