The sheer amount of industry knowledge being passed around at Jump Start 2024 has been astounding to behold. From evergreen tips on leadership to concrete strategies for managing volatility, our attendees are leaving with a fuller picture of where the logistics industry stands. On the third and final day, it’s natural to ask: What’s next?

The less than truckload (LTL) industry is no stranger to freight embargoes. They have become more common in recent years as the COVID-19 pandemic upended the supply chain world and led to temporary LTL service outages due to surging demand and constrained carrier capacity. Freight embargoes are imposed by carriers in a range of forms — timeframe, geographic region, or specific freight characteristics, just to name a few.

The trucking industry has a significant challenge—knowing which customers and accounts are most and least profitable. Having this information can empower carriers to move freight more efficiently and cost effectively, which thereby improves the bottom line. This challenge took center stage at a recent TCA webinar where participants from SMC3 and XTL Transportation Inc. discussed how to make better business decisions through activity-based costing. When asked how carriers do costing today, the vast majority of the attendees said they rely on team member experience and knowledge.

Recently, we had the privilege to chat with SMC³’s Renee Rubino, to talk about all things Renee, her role, and the importance of building strong relationships with our Alliance Partners!

It’s safe to say August was a turbulent month for the less-than-truckload (LTL) industry in the wake of one of the most dominant carriers shuttering operations. Other carriers have picked up the overflow and seeing a spike in daily shipments; 30,000 impacted truck drivers are searching for new jobs; and shippers are navigating a new, uncertain freight landscape.

As weather-related events become more common, what are the chances that freight embargoes could disrupt a somewhat upbeat outlook?