2021 Year in Review – XTL and the Transportation Industry

2021 was a challenging year for everyone.  While industry, economic factors and COVID-19 brought many hardships, XTL continued to grow.  Here’s what we were up to in 2021 and also some of the major market forces that challenged us last year.

2021 Milestones at XTL

Key Industry Trends and Challenges in 2021

Port Congestion

Port congestion was, and continues to be a major issue in the transportation industry. Through a combination of factors such as the imbalance of shipping containers, changes in consumer spending, high volumes, unavailable chassis, disrupted rail lines and labour issues to name a few, ports all over North America saw record numbers of ships at anchor with compounding factors increasing average dwell times on equipment. These delays resulted in higher levels of safety stock, impacting warehousing levels and further driving up shipping volumes.

Equipment and Part Shortages

In the face of COVID-19 lockdowns and absences, many part suppliers and manufacturers haven’t been able to keep up with demand.  Lack of key truck parts and raw materials such as rubber, steel and semiconductor chips impacted not only the supply of new equipment but also in maintaining and keeping existing fleets on the road. Lumber shortages and price increases also impacted trailer production with wood being the primary flooring material for dry vans.  All of these shortages were even further exacerbated by the increase in demand coupled with shipping delays.

 Natural Disasters in BC

There were more than 1600 fires burning more than 8,700 square kilometers of land this year according to the CBC.  In addition to the fires, 2021 was also a dire year for flooding and mudslides for the province. This led to many road closures and delays that effected the transportation of goods throughout all of Canada. In both instances, Canadian Pacific and Canadian National Railway had to suspend service on their lines, putting further pressure on the trucking sector as container shipments were converted over the road, drawing in truck capacity that would have otherwise serviced alternate North American markets.

Bright Outlook for 2022

While we don’t know exactly what challenges 2022 will bring XTL is focused on growth and customer service.  Our Nation Wide team of drivers, logistics professionals and distribution facilities will continue to rise to meet the challenges ahead.  Contact XTL Today if you need help with your shipping needs in 2022.

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