Capacity shortages within the truckload and intermodal markets have been an ongoing topic in supply chain for the last few years. There have been numerous publications that have listed out the factors contributing to these shortages. These factors range from a shortage of qualified long-haul drivers, to equipment shortages, and government regulations. On Monday, December 18th the ELD (Electronic Logging Device) mandate will take effect. This mandate has the potential to tighten truckload capacity even further; which could have a rippling effect on inland transportation.
Below are a list of current factors impacting both truckload and intermodal services:
- Dwindling driver workforce
- Difficulty in attracting and retaining new drivers
- Operational cost increases for many trucking companies
- New ELD (Electronic Logging Device) rule which could further limit Hours-of-Service.
- Narrowing pool of specialty drivers (I.E; HAZMAT, Tank, Refrigerated, Heavyweight)
- Intermodal chassis shortage at certain ports
- Congestion at both rail ramps and ocean terminals
With these factors in mind, MIQ would like to ensure that all our customers are kept informed on what is happening within the industry.
At MIQ Logistics, we know that for global supply chains, access to reliable transportation capacity is an obvious requirement when selecting a freight forwarding company. MIQ maintains relationships with both our core global carriers as well as our extended network of logistics carriers in North America.
MIQ will continue to monitor capacity and as we receive communication of potential regional delays, we will provide these updates as they are available. For more information, please contact your local MIQ Logistics representative.