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Dedicated Carriers: Merging The Best of Private and Third-Party Fleets

Summary

The freight market, which experienced a dramatic surge in demand and prices during the COVID-19 pandemic, has been in a deep recession for the past two years and expected to turn. Capacity has been abundant, driving down shipping costs and forcing many carriers to downsize or close. While the high cost of shipping during the pandemic has eased, the industry faces a mixed bag of challenges and benefits. Freight theft has become increasingly sophisticated, adding another layer of complexity for shippers. Additionally, high driver turnover persists, and sustainability initiatives are more critical than ever, driven by urgent calls to combat climate change.

The challenges in freight trucking are only going to increase as supply chains become more complex and external factors add new challenges and unpredictability. A dedicated carrier can help businesses bridge the limitations of both private fleets and FTL carriers in a way that provides peace of mind, alleviates cost unpredictability and allows businesses to focus on their core operations.

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