ILMA Compoundings July 2018 - 21

Higher Rates,
Tighter Capacity

Are your transportation
strategies holding up
against market trends?
By Steve Raetz

W

e're all part of one freight economy. The ways in
which you contribute to that economy will change
as your needs change. Unless you're moving highly
specialized freight, more than likely your supply chain isn't
limited to a single specific mode of transportation. We often
see freight migrate from one service to the next, seeking
where it will best be served.
Accordingly, trends that historically only affected one
mode are now influencing several services. Even if you've
found the perfect service for your freight, monitoring the
trends that are influencing other modes may help you better
prepare for changes in the future.
This article focuses on truckload, less than truckload
(LTL) and intermodal services. Keep in mind, though, that
the trends discussed here may affect other areas of transportation as well.

What's Influencing Multiple Modes
of Transportation?
Change is the name of the game in transportation today.
E-commerce, regulations and globalization are all influencing the market. As strategies shift, these trends have been
influencing several service areas.

The full impact of ELDs is still being
determined
It might feel like we've been discussing the rules and impact
of last year's electronic logging device (ELD) mandate for a
long time now. But the truth is, while the mandate requiring
carriers to track hours of service (HOS) via an ELD went
into effect in December 2017, enforcement of the regulation
is only a few months out of the gate.
We know that ELDs have eliminated flexibility that
truckload and LTL drivers might previously have had with
paper logs. Even intermodal routes are taking longer to
move freight than before the ELD mandate went into effect.
For the first time, lane waste and efficiency are being
documented on a massive scale now that nearly all drivers are
digitally recording HOS. Additionally, the conversation about
congestion's impact on drive time is becoming more prominent.

21



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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