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For ocean carriers, 2020 will be a year of reckoning, as regulatory and market pressures force them to shelve expansion plans and slash costs. But over at the nation's ports, it's a different story.
2020 is shaping up as a uniquely challenging time for freight brokers and third-party logistics service providers. Those who can adapt may find opportunities aplenty.
Intermodal service providers are finding that last year's stellar performance is a tough act to follow, as they face down challenges ranging from China tariffs to aging infrastructure to softening demand.
With e-commerce-generated package volumes soaring, there is growth opportunity across the board for parcel carriers small and large. But success in this fast-moving market won't come easy.
The desire for committed capacity, reliable service, and predictable cost has created a surge of interest in dedicated and private fleets. That will change the complexion of trucking over the next five years.