As the world continues to recover from the COVID-19 pandemic, the supply chain industry is also experiencing a period of recuperation. Freight statistics from April demonstrate a considerable improvement in the logistics sector, indicating that the kinks and wrinkles that have bedeviled many pandemic-era logistics flows are finally getting ironed out. On-time deliveries of full truckload cargo still remain far below pre-pandemic levels, but we are seeing a positive trend towards a substantial recovery from post-COVID disruptions.
The supply chain industry has become increasingly critical during these challenging times, and it is more important than ever to ensure that supply chains are operating effectively and efficiently. As a trusted 4PL and Customs Broker, ITC Diligence International Inc. is here to assist businesses in navigating the complexities of international trade, ensuring smooth and successful operations.
Here are some highlights of the recovery:
• On-time deliveries of full truckload (TL) cargo have improved by 8% since November 2022.
• Full truckload performance in the U.S. has not yet recovered to pre-COVID levels. However, in November 2021, only 69.3% of loads were on time, while the number increased to 77% in March 2023.
• In February 2023, on-time performance was the highest for the past three years.
• Import dwell time for ocean freight has decreased significantly from March 2022 to March 2023, across several major ports in the US, including the Port of Los Angeles, Port of Long Beach, Port of Houston, Port of Savannah, and Port of New York.
Despite the improvements, there is still a long road to recovery for the industry. However, the worst seems to be over, and the industry is expected to continue to recover in the coming months.
The 4PL Provider for Every Importer and Exporter
As the industry recovers, it is crucial for importers and exporters to partner with a trusted logistics provider to ensure their supply chain remains efficient and reliable. ITC Diligence International Inc. is a leading logistics provider with more than 3 decades of experience in the industry. Offering a range of services including customs brokerage, freight forwarding, warehousing and distribution, and FTZs, ITC Diligence International Inc is the 4PL provider your business needs.
A 4PL is an ideal solution for businesses that want to focus on their core competencies and leave logistics management to a trusted partner. With ITC as your 4PL partner, you can benefit from increased visibility, reduced costs, and enhanced flexibility in your supply chain.
Experts are dedicated to providing our clients with customized solutions that meet their unique needs. With a global network of partners and state-of-the-art technology, we can help our clients navigate the complex and ever-changing logistics landscape.
While the transportation and logistics industry is still recovering from the pandemic, there are positive signs of continued improvement. With the right partner, importers and exporters can navigate these challenging times and come out stronger on the other side.
Contact ITC Diligence International Inc. today to learn how we can help you achieve your logistics goals.