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Consumer spending trends

Consumer Spending Forecast: Expect Trends to Continue Until 2024

With 2023 around the corner, business owners are all asking the same question: As inflation continues, what does it mean for us? Consumer trend predictions through the end of 2022 and beyond suggest that consumer spending will remain high for some time. It’s good news, giving us time to prepare for the less predictable years ahead. 

Let’s look at the current consumer spending stats

While complete data isn’t yet available for Q4, monthly consumer spending is trackable. Retail sales through October were elevated 8.3% year-over-year. That figure includes gas and food, but even with those out of the picture, retail alone was up 7.5%. Of course, inflation changes those figures significantly. Adjusted for inflation, however, retail sales were still 0.5% higher than they were this time last year. Spending continues to hover at an almost unprecedented high. Read more

Things to be grateful for

7 Things to Be Grateful for This Holiday Season

The holidays are one of the busiest seasons for business owners and logistics professionals alike. It can be stressful, but there’s also a lot to celebrate. If this year’s holiday rush is stressing you out, take a breather and think about these seven amazing reasons to be grateful this year. 

1. Christmas shopping can be done from your couch. Who wouldn’t be grateful about that?

We’ve gotten so used to this one that we almost forgot how holiday shopping used to work. Black Friday was exclusively an in-person ordeal. Shoppers had to get up at the crack of dawn to camp out in front of Best Buy. There was a literal stampede at Walmart. If you wanted to get the best deals, you had to power through a day standing in line at the mall. Now, you can get the same deals while catching up on Netflix’s latest Christmas specials and snacking on leftover pie. Read more

Fluctuating supply and demand leaves capacity trends unpredictable

Trying to Predict Holiday Sales? Gauging Capacity Trends Is Even Tougher

All business owners are familiar with the rules of supply and demand. Few, however, realize how heavily trucking companies depend on supply and demand to function. We don’t blame them, either. With free two-day delivery becoming the norm, it feels like shipping just happens automatically. Most of us know that it’s more complicated than that, but just how much more complicated might surprise you. Predicting capacity trends is extremely challenging, and that’s particularly true in 2022. 

Freight Transportation Always Has Four Seasons

Market conditions have always influenced the trucking industry, from capacity to rates. Still, there’s usually some level of predictability. There are four seasons in the logistics work. You have:

  1. The Quiet Season (January – March)
  2. The Produce Shipping Season (Produce Shipping Season (April – July)
  3. The Peak Shipping Season (August – October)
  4. The Holiday Shipping Season (November – December)

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Ships like this one are struggling to unload cargo due to the global supply chain crisis

The Global Supply Chain Crisis of 2021: Here’s What to Expect

Go to a department store and try to buy a dress for a wedding. Can’t find one? It’s not just you. The shelves have been picked clean of countless different products, from clothing to certain food items and takeout boxes. The items that we used to take for granted seem to be in short supply. Prices won’t quit climbing. But why? Our global supply chain wasn’t built for e-commerce in the first place.

To Start, the System Was Already Struggling

When a customer placed an order 20 years ago, they expected to receive their package in a couple of weeks. Now, we get antsy if it’s been a couple of days. The global supply chain, however, has struggled to meet the demand for more and more products to be delivered faster than ever. 

While ordering a product online might seem like the easy option, there’s more to it behind the scenes. The process to actually manufacturer a product, sell it, and deliver it to your doorstep is complex. First, the supplies to produce the product need to be shipped to the manufacturer. Then, the products have to make their way through a complicated import and export system to make it to U.S. retailers. Then, products are shipped, often being passed through many hands before they make it to your door.  Read more

delayed LTL shipping

What Causes TL and LTL Shipping Delays?

Late shipments are never fun. Few of us have the time to hang around waiting for a delivery all day, so it’s understandably frustrating when the delivery window comes and goes with no shipment in sight. So what’s the holdup? In Southern California, we’re lucky to have safe driving conditions all year round, but rainy days are far from the only factor contributing to delays. The following are a few of the main reasons shipments might run late this holiday season. (Plus, a few tips for helping theTL and LTL shipping system run smoothly!) Read more

freight

5 Holiday Shipping Tips

The holidays are a busy time and can be especially hectic, especially for retail and parcel shippers. Nowadays shoppers love the convenience of making online purchases that get delivered directly to their doorstep in time for Hanukkah or Christmas day. This increases pressure for parcel carriers to deliver high volumes of freight at a fast rate—and at the busiest time of year.

Here are a few tips to help you master shipping and keep customers happy amidst the holiday chaos.

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