Within the context of the supply chain, the term “freight” refers to the bulk products transported using a truck, train, ship, or aeroplane. The term “freight rates” refers to the amount of money that shippers pay to carriers to transport their goods in Truckload (TL) markets. Freight rates depend on economic demand, fleet capacity, fuel […]
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The trucking and logistics industry runs on fuel. However, fuel costs have increased significantly recently, causing profound disruption to practically all sectors. The trucking industry is no exception in this regard; it regularly faces the severe ramifications of high fuel prices. In addition to the pandemic’s impact on the global economy, currency devaluation, and the
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