As Amazon issues warehousing blockade, carriers scramble to make sense of early peak season and retail wave
Summary
Transportation companies that have business in retail supply chains have seen freight volumes surge since June — largely credited to consumers changing their buying habits during the COVID-19 pandemic. For example, the surge in e-commerce freight in the third quarter caused the world’s largest online retailer, Amazon, to begin limiting its warehouse capacity and fulfillment of products from third-party sellers. In the third quarter, the demand for goods swelled above pre-COVID-19 levels, said Bob Costello, chief economist of the American Trucking Associations, during a presentation at the McLeod user conference last month. Load tracking data from FourKites, a supply chain visibility platform, show that shipping volumes were rising across its network by about 2% per week starting in early July. 11), who will be sharing his insights on freight trends in a free webinar event, CCJ Virtual Solutions, Oct. 20 at 2 p.m. “I think as people have sheltered in place they’ve really learned every nook and cranny of their house,” he said.
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