LTL carriers saw all-time high revenues in 2014, then due to a decrease in fuel prices, revenue dropped in 2015. Balanced supply and demand kept LTL prices from dropping in 2016, and JOC.com reports that LTL carriers are looking forward to 2017 as freight volumes are predicted to be higher. Next year, the LTL sector could see a capacity crunch due to the ELD mandate, a slow economy and pricing models. LTL pricing is expected to increase in 2017 and fuel costs aren’t likely to see change. In order to cut LTL freight shipping costs, shippers need to be exact with freight’s weight and dimensions, package and pallet the freight properly, consider consolidation, and utilize transportation management systems.

(#11 Most Read in 2016) Seasonal Freight Surge and Consumer Forecast -Fuel prices, weather, capacity, and e-commerce are a few factors that determine truckload demand during the holiday season. Before Thanksgiving, reefer volumes increased and as December’s holiday shoppers start buying, more dry van loads were posted. UPS is expected Monday, December 19 to be the busiest shipping day, and for this year to have 14% more shipping volume than last year. (See the NRF predictions here.)

What Are the Top Supply Chain and Logistics Trends in 2017? Globalization logistics trends 2017 The supply chain is affected by the globalization of business, and those who work with international suppliers don’t have the same competitive advantage they once had. More markets are emerging in the global economy, and traditional supply and demand are changing. Industry Week reports that by 2025, global companies will have procurement managers based in China to source materials and services not only for their operations in that country but for their entire organization. Brazil, Russia, and India are predicted to become sources of supply and demand for global companies. Companies will have to be transparent in supply chain expansion strategies and offer suppliers visibility.

Who is the Same-Day Delivery Consumer? Consumer expectations are growing. Why? Since companies have tested the same-day delivery option, consumers expect it as the standard. Coldwell Banker says about 53% of US customers are more likely to make an online purchase if they are offered same-day delivery.

Supply chains share common goals: increase productivity, reduce costs, mitigate risks. Common goals for reverse logistics are to improve customer satisfaction, cut costs, maximize return on assets. Reversing the supply chain means taking in returns, recalls, damaged goods and overstocked merchandise and recapturing its value or disposing of it. With the popularity of online shopping, the supply chain has become more multifaceted, increasing the importance of an organization’s reverse logistics strategy and inventory management practices.

Hazardous materials are substances that the Department of Transportation (DOT) has determined are capable of posing an unreasonable risk to health, safety or property when transported.

A product recall is a process of retrieving and replacing defective or unsafe consumer goods. When a company issues a recall, the company or manufacturer absorbs the cost of replacing and fixing those defective or unsafe products. Recalls create tension in the supply chain and test consumer relationships, affect sales, and can negatively affect a brand’s reputation.

What is a routing guide? Routing guides contain routing instructions and an established set of guidelines and requirements for manufacturers, suppliers, wholesalers, and distributors to follow when fulfilling orders and shipping products or materials to a specific location, warehouse or DC. A routing guide is the foundation of transportation management.

Little Change in Economy, but Rate Increase Coming. Next year, the US economy won’t change much, growth expected to be about 2%. FTR predicts more of the same, but when you factor in low expectations, 2017 will feel like a good year. Shipping prices are expected to increase in 2017 and continue into 2018. FedEx, UPS and several LTL carriers have announced a series of rate increases effective in 2017.

Adobe Digital Intelligence says that 31% of consumers start shopping before November 1, and 27% will start before Thanksgiving, so the supply chain plans for the holiday season for months and months in advance. So many of the year’s sales occur during the short two-month season, so the logistics process needs to be efficient enough to handle the increase of purchases. It’s estimated that retailers derive 20-30% of their annual profit during November and December. “The holiday season puts great pressure on supply chains because everyone peaks at the same time,” says NRS vice president of logistics and supply chain solutions.

What is a non-asset based third-party logistics provider? A non-asset based third-party logistics provider is a firm that doesn’t own equipment, but partner with carriers to provide transportation services. There are many myths and misconceptions about non-asset based 3PLs. However, none of them are telling the truth. So, we have outlined the most common stereotypes, and crushed them:

The trucking industry has a reputation for being low-margin, highly fragmented and cyclical. Many tech companies have an interest in shaking up and rethinking the industry.

The state of the freight market 2017 The latest American Trucking Association (ATA) report predicts freight volumes and the number of goods moved by truck will grow. Shipping rates are expected to increase as existing capacity is negatively affected by economic conditions and new regulations.