ILMA Compoundings July 2018 - 25
time. This can affect acceptance rates and prices until
networks are realigned.
What Trends Are Still Unique to
Each Service?
Despite growing overlap in the areas outlined above,
truckload, LTL and intermodal services still have their own
nuances to understand and monitor. Even if you don't utilize
all three modes of transportation, something that is affecting
one mode could influence the availability and price of the
other two modes.
Truckload equipment utilization is near
100 percent
FTR estimates that truckload equipment utilization is near
100 percent, meaning that all of the active equipment is
being utilized. You can also think of this as available hours
and miles. The fleet is believed to be about as optimized
as it can be, with minimal opportunity to further lower
network-empty miles. This leaves very little elasticity in
the market and requires that attention be paid to strategies
correlated to performance and price paid.
Demand for LTL is rising
There are several significant challenges associated with operating in the LTL space today; perhaps the most challenging
is the increased demand for LTL equipment, which is at its
highest level in nearly 10 years.
The reason a rising demand for LTL equipment is so
challenging is that the supply of freight typically shipped via
LTL is also on the rise. Both manufacturing and e-commerce
are extremely strong right now, not to mention online orders
are definitely driving smaller shipments. As this happens, the
LTL space is being used for both the final mile - to consumers' homes - and middle mile - from one distribution
center to another.
Intermodal is rapidly expanding
Forecasters have said that the intermodal industry will grow
6 to 9 percent over the next two years. That's great news for
companies looking to capitalize on new capacity options.
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25
http://www.ROYALMFG.COM
ILMA Compoundings July 2018
Table of Contents for the Digital Edition of ILMA Compoundings July 2018
LETTER FROM THE CEO
INSIDE ILMA
WHAT’S COMING UP
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
HIGHER RATES, TIGHTER CAPACITY
BEARING FRUIT IN THE FOOD-GRADE LUBRICANTS MARKET
ACHIEVING PEAK PERFORMANCE
BUSINESS HUB
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings July 2018 - Cover1
ILMA Compoundings July 2018 - Cover2
ILMA Compoundings July 2018 - 1
ILMA Compoundings July 2018 - 2
ILMA Compoundings July 2018 - LETTER FROM THE CEO
ILMA Compoundings July 2018 - INSIDE ILMA
ILMA Compoundings July 2018 - 5
ILMA Compoundings July 2018 - 6
ILMA Compoundings July 2018 - 7
ILMA Compoundings July 2018 - 8
ILMA Compoundings July 2018 - 9
ILMA Compoundings July 2018 - WHAT’S COMING UP
ILMA Compoundings July 2018 - 11
ILMA Compoundings July 2018 - INDUSTRY RUNDOWN
ILMA Compoundings July 2018 - 13
ILMA Compoundings July 2018 - 14
ILMA Compoundings July 2018 - In the Know
ILMA Compoundings July 2018 - International Insight
ILMA Compoundings July 2018 - 17
ILMA Compoundings July 2018 - Market Report
ILMA Compoundings July 2018 - 19
ILMA Compoundings July 2018 - HIGHER RATES, TIGHTER CAPACITY
ILMA Compoundings July 2018 - 21
ILMA Compoundings July 2018 - 22
ILMA Compoundings July 2018 - 23
ILMA Compoundings July 2018 - 24
ILMA Compoundings July 2018 - 25
ILMA Compoundings July 2018 - 26
ILMA Compoundings July 2018 - 27
ILMA Compoundings July 2018 - BEARING FRUIT IN THE FOOD-GRADE LUBRICANTS MARKET
ILMA Compoundings July 2018 - 29
ILMA Compoundings July 2018 - 30
ILMA Compoundings July 2018 - 31
ILMA Compoundings July 2018 - 32
ILMA Compoundings July 2018 - 33
ILMA Compoundings July 2018 - ACHIEVING PEAK PERFORMANCE
ILMA Compoundings July 2018 - 35
ILMA Compoundings July 2018 - 36
ILMA Compoundings July 2018 - 37
ILMA Compoundings July 2018 - BUSINESS HUB
ILMA Compoundings July 2018 - 39
ILMA Compoundings July 2018 - COUNSEL COMPOUND
ILMA Compoundings July 2018 - 41
ILMA Compoundings July 2018 - 42
ILMA Compoundings July 2018 - WASHINGTON LANDSCAPE
ILMA Compoundings July 2018 - Member Connections
ILMA Compoundings July 2018 - 45
ILMA Compoundings July 2018 - Cross Connections
ILMA Compoundings July 2018 - 47
ILMA Compoundings July 2018 - PORTRAIT
ILMA Compoundings July 2018 - Cover3
ILMA Compoundings July 2018 - Cover4
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