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To take full advantage, 3PLs must forge better relationships with less-than-truckload and last-mile carriers among other tweaks to their business activities, CSCMP's report said.

Tariffs introduced by the Trump administration, and the consequent aversion to risk, are a major reason why there is no clear trajectory for recovery, the study’s authors warned.

Over-the-road carriers waiting for an upturn in the freight cycle must make the most efficient use of their trucks’ space to best ride out ongoing market weakness, according to CSCMP.

The outlook for transportation and logistics in the fourth quarter focuses on the lingering effects of the coronavirus pandemic as well as the impending shopping season.

The logistics sector continues to demonstrate the perseverance that carried it through the toughest days of the economic downturn that accompanied the coronavirus pandemic, the Council of Supply Chain Management Professionals said in a recent report.

Business logistics costs increased marginally in 2019 as conditions in the sector normalized, but the COVID-19 pandemic has brought uncertainty to the outlook for 2020, the Council of Supply Chain Management Professionals announced in a June 23 report.