The Weekly Freight Report for June 16th, 2022
The Top Headlines in Freight, Transportation, & Logistics from FLS Transport
The FLS Weekly Freight Report covers the week’s top news in logistics, transportation, shipping, and freight. This week’s report covers a truck driver being a highway angel, the South Korean truck driver strike, the heavy-duty truck recall, supply chain savings, and climbing shipping costs.
- HIGHWAY ANGEL | Truck driver takes immediate action to protect a crashed vehicle.
- SOUTH KOREAN SLOWDOWNS | Could the driver strike in South Korea slow down cargo shipments?
- HEAVY-DUTY TRUCK RECALL | Twenty-nine truck manufacturers are involved in the steering loss recall.
- SUPPLY CHAIN SAVINGS | How to improve Time To Recovery (TTR) when supply chain disruptions strike?
- CLIMBING COSTS | When can shippers expect to see transportation costs start to descend?
HIGHWAY ANGEL | Truck driver takes immediate action to protect a crashed vehicle.
Tony Barton of Blountville, TN, was named a Highway Angel by the Truckload Carriers Association for his efforts to protect a motorist that had rolled their vehicle in the middle of an Interstate in Nashville, TN.
Barton said he had been a volunteer firefighter for decades, making him no stranger to emergencies.
Thanks to his heroic actions, he blocked oncoming traffic, protecting the driver and preventing the incident from worsening.
Read all the details on the incident here.
SOUTH KOREAN SLOWDOWNS | Could the carrier strike in South Korea slow down cargo shipments?
The truck driver strike in South Korea spurs delays in shipments needed for semiconductor production.
Thousands of truck drivers refuse to make deliveries due to soaring fuel prices and are blocking the roads for those trying to complete deliveries.
Could the strike impact cargo shipments bound for the US?
HEAVY-DUTY TRUCK RECALL | Twenty-nine truck manufacturers are involved in the steering loss recall.
More than 105,000 vehicles have been recalled due to missing parts leading to steering loss.
Daimler Truck North America and 29 other manufacturers are involved in the recall.
Find out exactly how to tell if your truck is experiencing steering loss and see if it is on the recall list here.
SUPPLY CHAIN SAVINGS | How to improve Time To Recovery (TTR) when supply chain disruptions strike?
Everyone is re-thinking their supply chains with a key metric in mind: Time To Recovery (TTR).
One of the ways they are lowing their TTR when a disruption happens is by re-organizing their supply chain into more of a hub-and-spoke, holistic structure with a focus on regional suppliers versus the previous methodology of shaving pennies where you could, even if it meant ordering from the other side of the world.
Want the details on how manufacturers are making changes? Learn more here.
Looking to simplify and reduce the costs on the shipping element of your supply chain? We can help. www.flstransport.com
CLIMBING COSTS | When can shippers expect to see transportation costs start to descend?
When climbing a mountain, eventually, you will get to the top and start a descent.
When will the descent start for shipping costs?
S&P Global and the US Bureau of Labor Statistics stated that despite a drop in spot rates, shippers will continue to pay more for Truckload, LTL, and warehousing through 2023.
See just how much prices could rise and what the causes are here.
FLS Transportation gives all of our customers the best rates on moving freight.
Get a quote here https://www.flstransport.com/price-quote/.
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