Guest: Keith Peterson of the National Motor Freight Traffic Association on new freight classifications; The downsides of stockpiling inventories; Small businesses are bucking the odds

Our guest on this week's episode is Keith Peterson, director of operations at The National Motor Freight Traffic Association. For many years, less-than-truckload motor freight has been classified by a complex and rather outdated system. That is about to change – starting in July the industry will begin listing freight commodities in a system that is more condensed and modernized. But, what will this new freight classification system mean for both carriers and shippers? Our guest explains.Many companies have been stockpiling extra inventory ahead of the implementation of new tariffs, but a new report this week shows that there can be possible downsides to that strategy. We share what they are and who is affected.Despite the economic uncertainty, a new report from DHL Express shows that small and mid-sized companies seem to be beating the odds. DHL Express surveyed more than 400 customers—all small or mid-sized businesses in the United States—and found that despite the prevailing economic turmoil, most are confident in their business outlook.Supply Chain Xchange  also offers a podcast series called Supply Chain in the Fast Lane.  It is co-produced with the Council of Supply Chain Management Professionals. All episodes are available to stream now. Go to your favorite podcast platform to subscribe and to listen to past and future episodes. The podcast is also available at www.thescxchange.com.Articles and resources mentioned in this episode:National Motor Freight Traffic Association U.S. firms stockpile goods ahead of tariffsReport: small businesses buck the oddsVisit Supply Chain XchangeListen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcastSend feedback about this podcast to [email protected] is sponsored by: KardexOther linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITY