There must be some sort of continuation with the times these days because honestly the pandemic has been difficult in some instances and easier in others. For the logistics industry, really, the truckloads and local delivery operations have been keeping trucking on an uneven scale. But with retail freight, in particular, there has benefited from a surprising amount of operations. The economy is trying to reopen this year. But can that change your retail spending habits? It’s still pretty unsure. This is one of those questions brought up recently by Convoy. Which is a digital freight network.
Retail Freight Cannot Wait
Contrary to what is known so far by some observers, Aaron Terrazas, Convoy’s director of economic research, consumer spending habits may not ever be the same. This tends to be the case before while concerns diminish.
Consumer spending is usually on durable and non-durable goods. How this affects retail freight varies per company. Consumption of services implies spending on goods while they go through divergent channels.
Retail freight poses a challenge for carriers struggle for more drivers. That’s consistent though driver pay keeps increasing in good and bad markets. “The market has enabled a lot of owner-operators to weather the storms they’ve been through the past couple of years.” Terrazas says that at least.
The year-old federal Drug and Alcohol Clearinghouse have been affecting fleets and their ability to attract and keep drivers. Workers have been kept busy in other industries. You have to compete with the boom of retail freight.
There was a soft market over five quarters that have taken a toll on other carriers. There may have been positive signs which could have easily faded upon the pandemic impacting the economy toughly. This has many trucking operations recovering. Retail freight has been going towards all over pre-pandemic levels. Choices for plenty of homeowners without properties while stuck at home.