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The collapse of Baltimore’s Francis Scott Key Bridge is causing major disruptions in the global supply chain, impacting both international and national trade routes. Here’s what you need to know:

International Impact: The Port of Baltimore is crucial in global trade, especially for importing and exporting finished autos and light trucks. With $23.5 billion worth of imports in 2023, trading partners like Germany, Mexico, Japan, and the UK are affected. Delays in shipments could lead to wait times for high-end European cars and affect exports to countries like Australia and the UAE.

Freight Rate Surge:  Freight rates from Asia to the U.S. have doubled since the incident, reflecting the strain on transportation networks. This surge is amplified by the ongoing disruptions of the Houthi rebel attacks in the Red Sea.

National Disruptions: The collapse has led to congestion, price uncertainty, and delays for importers and exporters relying on efficient routes through the Baltimore Port. Smaller ports are picking up volume as ships reroute, adding to the challenges of logistics operators.

Agricultural Implement Impact:  Baltimore is a leading Roll-on Roll-off (Ro-Ro) port for agricultural machinery imports and exports. This could delay the shipment of farming equipment such as combines, large tractors, and balers. Farmers should expect to face delays as the upcoming planting season approaches.

The uncertain timeline for bridge restoration indicates businesses must adapt quickly. Diversifying transportation routes, optimizing inventory management, and negotiating with suppliers and carriers are helpful strategies to mitigate the impact. Stay tuned to our social platforms for more industry updates and logistics insights!

(Resources: Jason Miller and TTNews)


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By converting multiple less-than-truckload (LTL) shipments into a single, cost-effective truckload, LTL consolidation significantly reduces shipping costs per pound. This method enhances cost savings, decreases claims, and simplifies shipment tracking compared to managing individual LTL shipments. Despite its benefits, many companies overlook LTL optimization due to perceived complexity, technological constraints, previous failures, internal opposition, or unawareness of its potential.

Synchro has been a leader in LTL consolidation for over a decade, skillfully managing both refrigerated and dry freight for clients from varied locations and technological backgrounds. Our unique combination of experience and technology provides an unparalleled advantage. To explore how LTL consolidation can benefit your company, consider Synchro’s offer for a free consolidation assessment.

Learn how our specialized approach can streamline your shipping processes and unlock substantial savings.


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On August 6th, after 99 years in business, Yellow, one of America’s most prominent trucking firms, declared bankruptcy due to falling sales and significant debt, laying off its 30,000 staff.

The American logistics industry witnessed a surge in demand between 2020 and mid-2022, with revenues growing by approximately a third, driven by stimulus checks and the lockdown-induced focus on goods, leading to the industry hiring a million workers and constructing 1.8 billion square feet of new storage space.

A shift is occurring as consumers prefer experiential over material goods, resulting in stagnated goods spending; the logistics sector saw three consecutive quarter-on-quarter declines in revenues, with the volume of goods in American ports in July 2023 dropping 14% compared to the previous year.

The industry’s downturn has caused a drop in dry van shipping costs by 21% since early 2022, and approximately 20,000 truck operators (nearly 3% of the total) have halted operations since mid-2022; the sector has also seen significant layoffs, with parcel delivery and warehouse operators shedding almost 100,000 jobs combined.

While investments have decreased with a 40% reduction in warehouses under construction compared to a year ago, analysts remain hopeful for a rebound in the latter half of the year, anticipating growth for major players like UPS and FedEx, provided the American economy maintains its strength.

Synchrogistics logistics in Raleigh remains a steadfast partner for businesses seeking reliable and efficient transportation solutions. Contact us today to learn how we can support your logistics needs and help your business thrive in a rapidly changing landscape.


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Truckload rates continue to remain low, though spot rates appear to have stabilized for now, according to DAT Freight & Analytics. The trucking industry is in the late stages of a freight cycle downturn, but positive destocking trends have helped balance the low demand. While the rate of price erosion and demand decrease have slowed, the industry has not yet reached the bottom. Consumer spending has shifted towards services, indicating a recovery in the service economy. However, expected patterns like produce season have been weaker than anticipated. Analysts believe the industry won’t see significant changes until demand improves, and (potentially) an increase in fleet closures. Despite some positive signs, the rest of the year is not expected to be particularly strong for trucking industry pricing.

Discover how Synchrogistics can optimize your logistics in Raleigh amidst fluctuating truckload rates. Contact us today to streamline your supply chain and drive efficiency.

 


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Synchrogistics logistics in Raleigh has delivered immediate freight savings for almost a decade across multiple market cycles, industry verticals, and transportation modes. Our transparent pricing model builds trust with our clients and allows for crystal clear communication.

The Synchro Effect is real – reach out to us for a free freight spend analysis to see your potential savings opportunity.

 


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September 19, 2022 0Awards

It’s an honor to join Inc 5000’s fastest growing privately held companies in America again! The Synchro team grew revenue by over 120% in 2021 and is on pace to nearly double again in 2022. Since 2019, Synchro’s compound annual growth rate (CAGR) has exceeded 50%.

For most companies, freight costs represent one of the top 3 spend categories. Synchro evaluates challenging or inefficient shipping networks then builds and executes custom, data focused solutions through deep network analysis, comprehensive RFPs, in-house automation, and optimization technology. Time again our efforts result in cost reductions and improved customer service experience through our hands-on, consultative, and performance driven approach.

Our customers include companies in food distribution, custom home flooring, automotive parts, pipe manufacturing, and construction materials.

Our Managed Transportation in Raleigh welcomed three new clients in the first half of this year and is currently preparing for additional implementations this fall. With transparency from day one and rapid results, we are quickly gaining additional business across existing clients. Doubling our talent by welcoming ambitious, reliable team members to the Synchro family is the heart of our record success and trusted partnerships.

The Synchro Way focuses on transparency, dependability, and professional service available 24/7/365. We live by our promise to all partners – 2pm or 2am, you call, and we answer within 10 minutes, guaranteed.

Interested in joining our family as a new client, team member, or vendor? Please reach out for an introduction today!