Truckers and shippers have real fears over the effects and long-term impact of the supply chain coronavirus disruption on the freight market. The coronavirus, also known as COVID-19, continues to change basic supply chain functions.
UPS and FedEx both have released statements professing their need to continue shipping as an essential business, but it will be harder for smaller, more local carriers to keep up with their pace. Meanwhile, the global air cargo volume has dropped significantly, explains Greg Knowler, JOC Senior Editor, “up to 5,000 tons of cargo in air freight from China to the U.S. have vanished per day.”
The entire situation seems to be on track to a worsening, and shippers need to understand that the supply chain coronavirus is having a worldwide impact that will undoubtedly continue for the coming weeks.
Continue reading “The State of Uncertainty in the Freight Market!”