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As I’m sure we all know, the freight situation became very volatile during COVID due to increases in people purchasing material goods, labor shortages, and a lack of containers. This created supply chain issues across every industry, and if you were lucky enough to get your goods shipped on time (or at all), the price would be extremely high or have quantity restrictions. We do have some good news that those rates are beginning to stabilize after 2 years of crisis, although they are still high compared to pre-COVID. 

We hope to see these rates go back down in the future, but we are still combating some other issues within the freight industry. One of these issues includes a lack of truck drivers. There are many older drivers retiring now, and very few younger people are going into that profession to replace them. To ease the burden of being overloaded, LTL carriers are still limiting capacity load regulations. We have seen a slight relaxation in the quantity allowed to be shipped at one time, but there are still maximum capacity shipments in place for most carriers.

Fuel is another factor affecting the current freight situation. The current prices of diesel fuel have gone up (along with the rest of the gas prices), creating surcharges for any shipments. Adding that to the market volatility and current inflation in the economy has cast a haze over the future on how soon we may see things get back to “normal.” 

Global-Pak is continuing to monitor the freight market and are doing what we can to keep prices down and get product to our customers as quickly as possible. We still offer same day shipping to any order placed before 3PM EST and will continue to send our fleet of trucks on any orders within our delivery area on scheduled dates. Reach out to your Sales or Customer Service Representative if you have any questions on saving money on freight charges, and they can assist.