3PL Trends

Rates on the Rise: Updating Expectations for 2021 and Beyond

What goes down, must come up. Bouncing back from the many disruptions of 2020, the logistics industry is working to make up for lost time. Yet many headwinds are creating a new normal, at least for the first part of 2021. Continued capacity limitations and disrupted supply chains paired with increased shipping demands have rates surging. Every mode of transportation—from the road, railway, ocean, and sky—is combating challenges testing the supply chain in new ways. Understanding the industry’s current climate and what lies ahead is the best way to navigate this rough road.

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