Capacity is a word that is constantly on our minds. Is there enough capacity available to handle my freight? Will capacity continue to tighten? What strategies can my organization implement to prepare for and actively cope with a capacity shortage?
From 2004 to 2008, shippers experienced a significant capacity crunch, and in 2009 to 2012, the economic downturn drove many trucking companies out of business while a shortage of over-the-road (OTR) truck drivers remained. The market has since partially bounced back, and 2014 was a profitable year for trucking. However, more recently, it was expected that overall trucking rates would go down as oil and fuel prices decreased – but that hasn’t been the case, particularly in the refrigerated trucking sector.