1、The Realities of Freight Shipping:Tight Margins,Zero Room for ErrorAfter three years of supply chain disruptions from COVID-19 lockdowns to port congestion supply chains are finally showing signs of recovery.However,shippers continue to face higher transportation rates due to labor shortages,fuel su

2、rcharges,and inflation.To help shippers understand the risks of moving freight,UPS Capital commissioned the Realities of Freight Shipping report to identify the top challenges freight shippers experience in a post-pandemic world and how customized,comprehensive shipping insurance can help.The Realit

3、ies of Freight Shipping:Tight Margins,Zero Room for ErrorThe Realities of Freight Shipping 2Freight Shipping Business Threats:From 2020 to Present DayCosts and RevenueImplication Change in TimelineInventory Supply&DemandClaims InstancesCOVID-19PandemicEconomicConditions47%Increased cost for freight

4、shipments36%Decreased revenue due to trade slow down46%Delay in delivery time43%Inventory shortages 33%Increased claims for loss,damage,or theft26%Increased theft instances49%Higher diesel prices49%Increased freight costs31%Tighter margins25%Increased interest rates43%Increased transit times34%Decre

5、ased demand for goods33%Increased number of claimsAccording to the Report,many freight shippers are still experiencing the ripple effects of the COVID-19 pandemic,with 31%of shippers claiming tighter margins today.Macro Factors and Their Influence on Freight ShippingThe Realities of Freight Shipping

6、 3Kinks in the Supply ChainFreight shippers are not immune to issues of lost,damaged,or stolen shipments,and these challenges can negatively impact their business.With an increase in the number of claims,swift resolution has become crucial.Business Impacts Resulting from Freight Shipping Issues10%02