Transportation Buying Trends for 2022

coracle News, Resources

The Transportation Buying Trends Survey reflects what Canadian shippers expect in freight prices, surcharges, and capacity constraints for 2022. With transportation backlogs, capacity limitations, and the residual effect of COVID-19, this coming year is hard to predict.

Here are a few highlights from the report:

  • Majority of shippers (38%) expect both TL and LTL prices to increase 5+%
  • Shippers are more concerned about 2022 TL capacity, but not at all concerned about 2022 LTL capacity
  • Expectations for air cargo rates in 2022 are varied, some expecting a decrease (5%), some expecting it stay flat (20%), some expecting increases (41%), and some unsure (34%)
  • Capacity concerns from intermodal and rail shippers has increased for 2022, but stayed the same from courier and air shippers
  • 54% of shippers expect trucking to have the highest pricing power in 2022, compared to courier (16%), air (3%), intermodal (3%), and rail (7%)

Source:
1. 2022 transportation buying trends, Inside Logistics, Dec 29, 2021. Accessed Jan 24, 2022.