{"id":17499,"date":"2021-08-17T09:02:10","date_gmt":"2021-08-17T09:02:10","guid":{"rendered":"https:\/\/www.odysseylogistics.com\/?p=17499"},"modified":"2023-12-28T07:18:39","modified_gmt":"2023-12-28T07:18:39","slug":"market-dynamics-of-bulk-shipping","status":"publish","type":"blog","link":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/","title":{"rendered":"Market dynamics of bulk shipping"},"content":{"rendered":"\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tThe market dynamics we\u2019re seeing in bulk shipping are the most extreme since Odyssey\u2019s inception. We\u2019ve experienced a great deal of change, but this current environment of driver and capacity shortages is more challenging \u2013 especially for our bulk clients. Fortunately, we have a new solution \u2013 but first, let\u2019s look at the scope of the problem we\u2019re facing in the industry.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tDepending upon which study you read, there are about 63,000 vacant truck driver jobs in the bulk tanker market alone. Tenured drivers, typically seven years older than average labor pools, are aging out and retiring at an alarming rate. The driver shortage problem is likely to continue deepening at least through 2026. That\u2019s five solid years of decline. Just getting bulk driver levels back to normal would require carriers to hire and train about 174,000 new drivers between now and the end of the dip in five years. There are new drivers coming into the industry, but not fast enough or in great enough numbers to ease the pressure for bulk shippers. Of course, this driver shortage is the case across all areas of the trucking landscape, but because of the specialized skills involved, it\u2019s worse in the bulk transportation space.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

To entice drivers, carriers are spending money trying to lure experienced bulk specialists away from their current employers, causing changes in the market that lead to turmoil for carriers and, in turn, delays and higher costs for shippers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tThe bulk shipping experts and technology teams at Odyssey began studying this problem when it first became evident in 2020. We carefully separated facts from conjecture and distilled a clear picture of demand and capacity in the bulk market. As part of that study, we also identified where there might be inefficiencies in carrier-shipper relationships and communication. We also looked for entirely new ways to address the problem, with a focus on technology-aided solutions. After months of development, we have a solution to ease our customers\u2019 pain.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Odyssey<\/a> offers an analytics-driven technology platform that does more than help book loads. It\u2019s an intelligent system that provides insights into the driving factors of the bulk carrier market. The interesting thing about our new platform is that it\u2019s based on the reality that bulk shipping is highly relationship-driven. These insights allow shippers to better understand network dynamics \u2014 and how they as shippers can more positively influence those dynamics based on their decisions. The technology provides data and insight that allows Odyssey and its customers to test \u201cwhat-if\u201d scenarios. \u201cWhat if we paid more for certain loads or lanes? What if we asked our customers which shipments they absolutely needed by certain dates and which ones could move out without affecting business outcomes? What if we established relationships with a new set of carriers that we hadn\u2019t considered before?\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tWe\u2019re just getting this new technology into the field and for the shippers and carriers who have deployed so far, the results have been terrific. Shippers are becoming more aware of the realities of the bulk market and the importance of technology and partnerships in creating agile solutions.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Given the alarming demographics of the bulk driver market, it seems that a combination of technology and relationship building is the best path forward. We believe we have the right platform. It\u2019s all about collaboration and efficiency and linking carrier preferences with shipper business goals. We\u2019d be happy to give you a peek behind the curtain and show you what we mean. If you\u2019re interested, contact your Odyssey account manager. And if you know of smart, capable young people looking for a solid career, point them to the nearest bulk carrier.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The market dynamics we\u2019re seeing in bulk shipping are the most extreme since Odyssey\u2019s inception. We\u2019ve experienced a great deal of change, but this current environment of driver and capacity shortages is more challenging \u2013 especially for our bulk clients. Fortunately, we have a new solution \u2013 but first, let\u2019s look at the scope of the problem we\u2019re facing in the industry.<\/p>\n","protected":false},"author":8,"featured_media":21066,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"blog_category":[70,72,102],"class_list":["post-17499","blog","type-blog","status-publish","has-post-thumbnail","hentry","blog_category-chemicals","blog_category-food-beverage","blog_category-trucking"],"acf":[],"yoast_head":"\nMarket Dynamics of Bulk Shipping - Odyssey Logistics<\/title>\n<meta name=\"description\" content=\"Bulk Market: this current environment of driver and capacity shortages is more challenging \u2013 especially for our bulk clients.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Dynamics of Bulk Shipping - Odyssey Logistics\" \/>\n<meta property=\"og:description\" content=\"Bulk Market: this current environment of driver and capacity shortages is more challenging \u2013 especially for our bulk clients.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/\" \/>\n<meta property=\"og:site_name\" content=\"Odyssey Logistics\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-28T07:18:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/Market-Dynamics-of-Bulk-Shipping.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/\",\"url\":\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/\",\"name\":\"Market Dynamics of Bulk Shipping - Odyssey Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/www.odysseylogistics.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/Market-Dynamics-of-Bulk-Shipping.png\",\"datePublished\":\"2021-08-17T09:02:10+00:00\",\"dateModified\":\"2023-12-28T07:18:39+00:00\",\"description\":\"Bulk Market: this current environment of driver and capacity shortages is more challenging \u2013 especially for our bulk clients.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#primaryimage\",\"url\":\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/Market-Dynamics-of-Bulk-Shipping.png\",\"contentUrl\":\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/Market-Dynamics-of-Bulk-Shipping.png\",\"width\":1200,\"height\":628,\"caption\":\"bulk shipping truck and trailer\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.odysseylogistics.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blog\",\"item\":\"https:\/\/www.odysseylogistics.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Market dynamics of bulk shipping\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.odysseylogistics.com\/#website\",\"url\":\"https:\/\/www.odysseylogistics.com\/\",\"name\":\"Odyssey Logistics\",\"description\":\"Multimodal Services for Resilient Supply Chains\",\"publisher\":{\"@id\":\"https:\/\/www.odysseylogistics.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.odysseylogistics.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.odysseylogistics.com\/#organization\",\"name\":\"Odyssey Logistics\",\"url\":\"https:\/\/www.odysseylogistics.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.odysseylogistics.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/odyssey-logo-wht.svg\",\"contentUrl\":\"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/odyssey-logo-wht.svg\",\"width\":282,\"height\":66,\"caption\":\"Odyssey Logistics\"},\"image\":{\"@id\":\"https:\/\/www.odysseylogistics.com\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Market Dynamics of Bulk Shipping - Odyssey Logistics","description":"Bulk Market: this current environment of driver and capacity shortages is more challenging \u2013 especially for our bulk clients.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/","og_locale":"en_US","og_type":"article","og_title":"Market Dynamics of Bulk Shipping - Odyssey Logistics","og_description":"Bulk Market: this current environment of driver and capacity shortages is more challenging \u2013 especially for our bulk clients.","og_url":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/","og_site_name":"Odyssey Logistics","article_modified_time":"2023-12-28T07:18:39+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/Market-Dynamics-of-Bulk-Shipping.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/","url":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/","name":"Market Dynamics of Bulk Shipping - Odyssey Logistics","isPartOf":{"@id":"https:\/\/www.odysseylogistics.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#primaryimage"},"image":{"@id":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#primaryimage"},"thumbnailUrl":"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/Market-Dynamics-of-Bulk-Shipping.png","datePublished":"2021-08-17T09:02:10+00:00","dateModified":"2023-12-28T07:18:39+00:00","description":"Bulk Market: this current environment of driver and capacity shortages is more challenging \u2013 especially for our bulk clients.","breadcrumb":{"@id":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#primaryimage","url":"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/Market-Dynamics-of-Bulk-Shipping.png","contentUrl":"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/Market-Dynamics-of-Bulk-Shipping.png","width":1200,"height":628,"caption":"bulk shipping truck and trailer"},{"@type":"BreadcrumbList","@id":"https:\/\/www.odysseylogistics.com\/blog\/market-dynamics-of-bulk-shipping\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.odysseylogistics.com\/"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/www.odysseylogistics.com\/blog\/"},{"@type":"ListItem","position":3,"name":"Market dynamics of bulk shipping"}]},{"@type":"WebSite","@id":"https:\/\/www.odysseylogistics.com\/#website","url":"https:\/\/www.odysseylogistics.com\/","name":"Odyssey Logistics","description":"Multimodal Services for Resilient Supply Chains","publisher":{"@id":"https:\/\/www.odysseylogistics.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.odysseylogistics.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.odysseylogistics.com\/#organization","name":"Odyssey Logistics","url":"https:\/\/www.odysseylogistics.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.odysseylogistics.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/odyssey-logo-wht.svg","contentUrl":"https:\/\/www.odysseylogistics.com\/wp-content\/uploads\/odyssey-logo-wht.svg","width":282,"height":66,"caption":"Odyssey Logistics"},"image":{"@id":"https:\/\/www.odysseylogistics.com\/#\/schema\/logo\/image\/"}}]}},"publishpress_future_action":{"enabled":false,"date":"2026-04-05 13:02:02","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"blog_category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/blog\/17499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/types\/blog"}],"author":[{"embeddable":true,"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/comments?post=17499"}],"version-history":[{"count":0,"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/blog\/17499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/media\/21066"}],"wp:attachment":[{"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/media?parent=17499"}],"wp:term":[{"taxonomy":"blog_category","embeddable":true,"href":"https:\/\/www.odysseylogistics.com\/wp-json\/wp\/v2\/blog_category?post=17499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}