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Articles by Chris
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From Election to Insurrection to Inflection: A Reflection on the Complexion of the Market’s New Direction
From Election to Insurrection to Inflection: A Reflection on the Complexion of the Market’s New Direction
By Chris Pickett
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Fasten your seatbelts. It's gonna be a bumpy ride...
Fasten your seatbelts. It's gonna be a bumpy ride...
By Chris Pickett
Activity
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We are thrilled to welcome Manuel Gorrin to the Climate Collaborative Board of Directors. Manuel has been a huge champion of our work since our…
We are thrilled to welcome Manuel Gorrin to the Climate Collaborative Board of Directors. Manuel has been a huge champion of our work since our…
Liked by Chris Pickett
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We are thrilled to announce the promotion of Carly Bly to Vice President of LTL Pricing and Carrier Relations. This expanded role oversees…
We are thrilled to announce the promotion of Carly Bly to Vice President of LTL Pricing and Carrier Relations. This expanded role oversees…
Liked by Chris Pickett
Experience & Education
Licenses & Certifications
Publications
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Navigating the US Truckload Capacity Cycle: Where are Freight Rates Headed and Why?
Journal of Supply Chain Management, Logistics & Procurement
The US Truckload Transportation Market, like many markets, can be characterized as an ongoing rebalancing between supply and demand – or in this case, the number of trucks (and drivers) to haul goods and the demand for those trucks to meet current market demand. This creates a cycle that swings from relative capacity shortage, where there is more demand relative to supply which drives market rates higher, to relative capacity surplus, where there is more supply available relative to demand…
The US Truckload Transportation Market, like many markets, can be characterized as an ongoing rebalancing between supply and demand – or in this case, the number of trucks (and drivers) to haul goods and the demand for those trucks to meet current market demand. This creates a cycle that swings from relative capacity shortage, where there is more demand relative to supply which drives market rates higher, to relative capacity surplus, where there is more supply available relative to demand which drives rates lower. The term “relative” is an important one as the simultaneous rate of change on both sides of the marketplace ultimately drives market rate activity.
But as this article describes, the simultaneous rates of change in supply and demand are rarely in a state of relative equilibrium. It is this dynamic that creates a recurring pricing cycle observed to display at least some level of consistency and can therefore be used to predict the future – but only if you understand the past and the present. In other words, the US Truckload Market operates as a machine with certain mechanical properties that tend to produce similar outputs given similar inputs. The real world is governed by economic and geopolitical uncertainty, shifting technology and regulatory landscapes, and human psychology that often drives irrational behavior, so those mechanical properties and input signals can be exceedingly difficult to separate from the noise. However, with enough historical transaction data, market visibility, and insight, I propose that it can be done; the past can be used to predict the future with at least some level of directional certainty, so long as the fundamental structure of the marketplace remains intact. -
Strategies for Maximizing Supply Chain Resilience: Learning from the Past to Prepare for the Future
Massachusetts Institute of Technology
MIT M.Eng. degree thesis, advised by Dr. Yossi Sheffi
More activity by Chris
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Two of my favorite things in one photo: In a moment that could not be planned, my youngest boys walked in a July 4th parade in our small town and a…
Two of my favorite things in one photo: In a moment that could not be planned, my youngest boys walked in a July 4th parade in our small town and a…
Liked by Chris Pickett
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We are excited to share that Aman Tamana & team at Tamana Truck lines have partnered with Channel19 to manage their operations more efficiently by…
We are excited to share that Aman Tamana & team at Tamana Truck lines have partnered with Channel19 to manage their operations more efficiently by…
Liked by Chris Pickett
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At #SamsaraBeyond, Samsara announced a first-of-its-kind enterprise-grade Asset Tag to provide increased visibility into critical equipment for our…
At #SamsaraBeyond, Samsara announced a first-of-its-kind enterprise-grade Asset Tag to provide increased visibility into critical equipment for our…
Liked by Chris Pickett
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🔦Session Headlight Join Dean Croke, DAT Freight & Analytics Principal Analyst, and Timothy Denoyer, ACT Research's VP & Sr. Analyst, to explore the…
🔦Session Headlight Join Dean Croke, DAT Freight & Analytics Principal Analyst, and Timothy Denoyer, ACT Research's VP & Sr. Analyst, to explore the…
Liked by Chris Pickett
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Last call! Join Chris Pickett and Nick Boston today at 1pm CT for a Truckload Market Update Webinar. Chris will walk through TL market projections…
Last call! Join Chris Pickett and Nick Boston today at 1pm CT for a Truckload Market Update Webinar. Chris will walk through TL market projections…
Liked by Chris Pickett
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🔵Once a Blue Demon, forever a Blue Demon!🔵 After a week of graduating with a Master's degree in Supply Chain Management, with Honors from DePaul…
🔵Once a Blue Demon, forever a Blue Demon!🔵 After a week of graduating with a Master's degree in Supply Chain Management, with Honors from DePaul…
Liked by Chris Pickett
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Anyone that is at all interested in the cost to run a truck should STUDY the ATRI's Operational Cost update. Here is the link:…
Anyone that is at all interested in the cost to run a truck should STUDY the ATRI's Operational Cost update. Here is the link:…
Liked by Chris Pickett
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