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Industries We Serve
What’s happening in the world affects your business. We find out the latest news and updates and share it with you here and in our weekly industry update newsletter.
Shippers have thus had to suffer the dual blow of tight capacity and high spot rates. Carriers have deployed a record amount of capacity, but it has still not been enough to keep up with demand. Shippers have described procuring freight as a "nightmare." Demand has driven costs up not only on the spot market, but also for equipment like containers and chassis.
Who’s in the hot seat post the November election will have a significant impact on the role the US will play in terms of supporting shipping demand. If Trump remains in power the playbook will remain largely the same as the last four years with protectionism still front and centre on the agenda and a continued push on fossil fuels exports.
While overall employment across the U.S. is still nearly 11 million below pre-virus levels, the warehousing and storage industry is one of the few sectors where employment is actually higher than before the pandemic: 1.25 million people were on payrolls in September, about 46,000 more than in February.