Trucking capacity has been gradually decreasing over the past few years, leading to a tighter market. With more carriers exiting and a decrease in new equipment investments, the industry is poised for continued constriction. Shippers must understand how carriers prioritize who gets trucks to ensure they are on the short list.
As capacity tightens, carriers gain more control and can be more selective with their partners. Factors like detention patterns, payment behavior, and market behavior play a role in carrier allocation. Shippers should focus on building strong operational processes to secure priority coverage when demand returns.
MigWay, with its asset-based fleet and in-house dispatch, offers shippers control and reliability in a tightening market. Shippers can work with MigWay to streamline their lane strategy and reduce friction in their operations. By planning ahead and building strong relationships with carriers, shippers can navigate the tightening market more effectively.
Read more at Yahoo Finance: Why it will tighten and who gets trucks first
