As the U.S. economy came to a sudden stop in March, lawmakers enacted the Paycheck Protection Program (PPP), providing emergency loans to help businesses survive the mandatory closures and stay-at-home orders issued in response to the COVID-19 pandemic. Despite some hiccups, the program was a success by many accounts. It helped businesses across the country […]
As truckers transport essential supplies across our nation, Goodyear is providing roadside services and access to equipment to support America’s truckers. Blake Winterton, Senior Manager of Commercial Services at Goodyear, joins Convoy for our latest video covering how COVID-19 is impacting the freight industry. Winterton is responsible for Goodyear’s FleetHQ Service Center, a program that helps […]
The freight industry is undergoing unprecedented change. Market volatility is forcing transportation teams to adapt more quickly. Rising customer expectations are putting more pressure on supply chain efficiency. And as many businesses increase their focus on environmental impact, logistics teams are being tasked with contributing to the triple bottom line. Whether your goal is adaptability, […]
The United States federal government has taken unprecedented steps to support the American economy in the face of the disruption caused by the COVID-19 pandemic. Support to individuals and households will go a long way to sustaining consumer spending, which in turn will maintain freight demand. But policymakers have gone well beyond direct support to […]
In its April 2020 report, Gartner advised supply chain technology leaders to explore digital freight networks and associated technologies to address current challenges and further disruptions to transportation that are caused by COVID-19. According to Gartner analyst Bart De Muynck, “Digital freight networks can help companies that are looking for real-time available capacity or looking […]
Just a few weeks ago, the freight industry saw surging transactional demand as consumers flooded grocery stores for food and household supplies. Now the demand has dried up, and as FreightWaves reports, outbound tender volume is below its average for “normal times.” What do these market trends mean for truck drivers who are on the front […]
With 75% of US residents self-isolating due to COVID-19, businesses across a range of industries are being forced to adapt their supply chains. Delivery companies are increasing capacity to meet unprecedented demand. Traditional businesses are shifting to delivery models to service their at-home customers. Consumers are changing how they receive and handle packages to reduce […]
Even before the COVID-19 pandemic, global trade was in turmoil. The toll of the two-year old trade war, combined with soft industrial demand abroad, was part of the reason why U.S. domestic trucking experienced soft demand in 2019. Much of the supply chain industry is looking to Chinese output for an early signal of what […]
Friday morning the United States will get its first comprehensive look at how the labor market is faring amid the turmoil of the COVID-19 pandemic when the Department of Labor publishes the March Employment Situation report, commonly known as the “Jobs Report”. Today we’re sharing the fourth of our twice weekly video series covering the […]
No one quite knows what the lasting impacts of the coronavirus pandemic will be for the freight industry. If past crises are any guide, moments of crisis tend to accelerate shifts that were already underway. But there are also points of continuity. Today we’re sharing the third of our twice weekly video series featuring Ari […]
This has been a rollercoaster of a week and it’s not even Friday. Financial markets recorded record losses on Monday, record gains on Tuesday, and another big increase on Wednesday. Will the proposals being considered in the nation’s capital be enough to sustain the economy while businesses are shuttered and states on lockdown? Today we’re […]
There’s no shortage of media coverage about COVID-19’s broad impacts. We hear from our shippers and from the carriers in our network that there’s an appetite for analysis on what the current coronavirus outbreak means for supply chains and for the freight industry from the perspective of a Digital Freight Network. That’s why today we’re […]
Earlier this week we shared our initial thoughts on the freight market given the volatile economic environment of the past two weeks. In moments of great uncertainty there is, by definition, more noise than signal. Our goal is not to add to the noise, but to simply state facts about the freight market and the […]