The LCL market is heating up. Director of global LCL, Greg Scott, lays out current conditions, future happenstances, and what you can do. CURRENT CONDITIONS: • Cargo is shifting to less-than-container load (LCL). Shippers are converting full-container-load (FCL) shipments to LCL due to the roll pools. Depending on what port you’re shipping from, it’s very likely your freight will move sooner with LCL than FCL in today’s ocean market. Air freight is also being converted due to capacity challenges combined with the approaching air freight peak season. • Omissions and blank sailings are impacting direct service offerings into the smaller markets, such as St. Louis and Minneapolis. We’re pivoting to alternative services or routings when this happens. POTENTIAL FUTURE HAPPENSTANCES: • Elevated rates in LCL with premium pricing or surcharges. As seen in other modes and during the pandemic, if demand, space, and equipment remain tight it’s likely rates could be adjusted beyond announced carrier levels. • Shifting of modes could create LCL roll pools. LCL is not immune to disruption and space could eventually run out if demand and cargo shifting continue at this rate. • Expedited LCL services could see increased demand. As more and more cargo change transportation modes, expedited LCL services could see higher demand and limits to shipment volume and weight. WHAT TO DO: If you’re contemplating a modal shift, consider it now. LCL helped a lot of importers when it came to moving shipments during a congested export environment early on and throughout the pandemic. LCL is a smart way to keep your freight moving in segments versus waiting to load as FCL. It’s also more cost-effective than traditional air freight, especially with tight capacity in the market and the potential of elevating rates. If you need to explore if a modal shift is the right move for you, talk to your logistics partner.
C.H. Robinson
Transportation, Logistics, Supply Chain and Storage
Eden Prairie, Minnesota 308,385 followers
Accelerate Your Advantage
About us
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $22 billion in freight under management and 19 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 90,000 customers and 450,000 contract carriers on our platform. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation, and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
- Website
-
http://www.chrobinson.com
External link for C.H. Robinson
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 10,001+ employees
- Headquarters
- Eden Prairie, Minnesota
- Type
- Public Company
- Founded
- 1905
- Specialties
- Produce Sourcing, Supply Chain, Transportation, Technology, and World’s Largest Logistics Platform
Locations
-
Primary
14701 Charlson Road
Eden Prairie, Minnesota 55347, US
Employees at C.H. Robinson
Updates
-
With more shippers converting their ocean cargo to air freight, demand for air freight in Asia is on the rise. As Vincent Wong highlighted during an interview with CNA, tight capacity and elevated rates are expected to persist in Q3 as we approach peak season. Watch the interview here ▶️ http://ms.spr.ly/6043lyw6c In this dynamic market, agility is crucial. We’re here to help you diversify your shipping options, ensuring your goods reach their destination efficiently. ✈️
-
Ocean market volatility is expected to stay. Read what’s influencing the market and steps shippers can take to navigate rising rates ➡️ http://ms.spr.ly/6046l8mRk
-
-
We're grateful to Shaw Industries for naming C.H. Robinson its 2023 Inbound Class A Broker Carrier of the Year. “It was a unanimous decision by our Shaw Inbound Transportation team to award C.H. Robinson our Shaw Inbound Class A Broker of the Year award for 2023. From competitive rates to high-level on-time performance and timely responses in communication, C.H. Robinson truly operates as an extension of our Shaw transportation team.” –Robert Thurman, Inbound Transportation Manager at Shaw Industries
-
-
📣Exciting News! Our new office in Manila, Philippines is now open. This new office is a testament to our growth trajectory and commitment to the APAC region. President of Global Forwarding Mike Short shares, "This new office is one of the ways we continue to strengthen our global footprint and local knowledge, helping our customers accelerate in Southeast Asia and beyond" Read more here ➡️ http://ms.spr.ly/6044lBecw #NewOffice #Philippines #GoBlue
-
-
Explore the impact of potential trade policy changes regarding forced labor and strategic supply chain planning amidst the 2024 U.S. election. Read on ➡️ http://ms.spr.ly/6043YhpiD
2024 Election Impact on Trade | C.H. Robinson
-
"If you’re approaching sustainability right, it should be tied to your overall business strategy." Rachel Schwalbach, C.H. Robinson Vice President ESG, speaks with the National Association of Manufacturers - NAM about sustainability efforts at Robinson, industry trends, and the importance of collaboration and integrating sustainability across a company's strategy ➡️ http://ms.spr.ly/6041Y7TSX
In It for the Long Haul: C.H. Robinson Takes on Sustainability
-
How do market swings impact shipper-carrier relationships? In our latest research blog, Dr. Angi Acocella at MIT’s FreightLab analyzes the cyclical nature of the truckload freight market. Find out what shippers can do during tight markets to maintain carrier acceptance rates ➡️ http://ms.spr.ly/6046YAnSi
-
-
There’s no question that Gen AI is transforming our industry. Our Chief Strategy and Innovation Officer Arun Rajan recently spoke on the Logistics Matters podcast with DC Velocity to highlight the incredible power and impact Gen AI is having to drive greater results for our customers and employees ➡️ http://ms.spr.ly/6042YfgOu
Logistics Matters with DC Velocity | DC Velocity
dcvelocity.com
-
We're honored that Flowserve Corporation has awarded C.H. Robinson with two Logistics Partner of the Year Awards, for Account Management/Support and All Transportation Modes and Services Other than Freight Forwarding. Matthew Dowgill, Vice President, Global Supply Chain at Flowserve: "As a partner logistics provider, you truly are part of what keeps Flowserve in motion. Last year, we celebrated a solid year and your commitment and support in this journey are deeply appreciated. I am pleased to present this award for going above and beyond in pursuit of excellence and for being a leading logistics service provider for Flowserve."
-
Affiliated pages
Similar pages
Browse jobs
Stock
CHRW
NASDAQ
20 minutes delay
$86.55
-0.07 (-0.081%)
- Open
- 87.67
- Low
- 86.41
- High
- 87.9
Data from Refinitiv
See more info on