Bid season is here, which means contract rates are catching up to spot rates and in turn loosening capacity.
Sustainability efforts are becoming a major focus for CPG companies as consumers demand investments in a cleaner future.
Capital Logistics COO Michael Feig says it’s too early to tell if the summer will bring tight capacity to the reefer market.
Reefer truckload capacity begins to tighten further in the Midwest and Southeast
Reefer trailer orders were over 100% above replacement levels in November which shows capacity is trying to return to the reefer markets.
Droughts and geopolitical tensions are driving up cotton, corn, and soybean prices and in turn impacting supply chain costs.
Reefer spot volume volatility has exploded across the nation over the past week.
Lumber Prices are soaring which is threatening CPG companies with higher supply chain costs.
Reefer tenders have strengthened significantly out of the nation’s largest markets.
New Class 8 truck orders are increasing and this trend is likely to continue through 2021.
Coca-Cola slashes jobs in an effort to restructure.
Frito-Lay is responding to customers’ demands and have introduced an option for consumers to customize their variety packs.
As states prepare to administer COVID-19 vaccines, it is still unclear who will be deemed “essential”.
Reefer capacity is extremely tight across the country and especially out of port markets.
A coronavirus outbreak in Frito-Lay’s Vancouver manufacturing and distribution facility causes a temporary shutdown of the facility.
The Uyghur Forced Labor Prevention Act is set to disrupt many CPG supply chains.
DIY (Do It Yourself) projects are draining the supply of mason jars.
A shortage of smaller turkeys grips the nation as families gather in smaller groups for Thanksgiving celebrations due to the pandemic.
Consumer Brands Association’s latest survey shows fear among consumers regarding future stockouts.
Walmart’s On-Time and In-Full (OTIF) metrics are at the most strict levels in the company’s history just as the COVID exemption expires.
Direct-to-consumer is viewed as a strong growth driver in the future for CPG companies.