North America LTL Update
We are providing the below update based on the current state of LTL carriers.
We continue to see the LTL industry struggling with higher volumes and labor shortages squeezing capacity. Meanwhile, the TL industry has gotten much tighter over the last couple months and because of this, we are seeing a considerable impact on Buckman shipments. It is important that we continue to plan ahead and give as much lead time as possible to ensure trucks can be found to cover loads. The situation is expected to continue through Q1 2021 and possibly longer. The COVID-19 vaccine and any policy changes due to the new administrations will certainly impact logistics and are somewhat unpredictable.