It is not uncommon for companies large and small to field quotes and hire a trucking company based on bottom-line savings. Few would dispute that outfits in need of shipping services should strongly consider this type of face-value assessment.
Driver Shortage: Driver capacity is at its lowest since 2005, with a ratio of one truck being available for every 12 loads so far this year, according to DAT Solutions. (1) With the ELD mandate taking effect last month, drivers retiring and the struggle to recruit the younger generation, as well as government regulations such as hours-of-service, the American Trucking Associates reported that the industry will need nearly 900,000 additional drivers to satisfy demand. (2) This capacity crunch has caused many shippers to either delay shipments or pay more to get their freight moved.
After much struggle from within Congress, President Trump's massive tax reform bill successfully passed. Though it's unclear exactly what effect the bill will have on individuals at this point, many industries are hailing the milestone legislation as a boon to the economy and their own businesses. Starting in 2018, the impact of the largest overhaul of the country's tax code in 30 years will be felt. Some highlights -- as they pertain to truckers and the trucking industry -- are noted below.
Electronic logs. Electric semis. Autonomous vehicles. As the supply chain industry moves forward, the technology we use is quickly gaining ground, making big changes in how we do business. But with 2018 knocking at the door, it's time to take a quick look back to see what the hottest trends were in 2017 for supply chain technology.
The good news is that incidents of cargo theft are going down. The bad news is that the trucking industry can't afford to let its guard down. With the holiday season in full swing, it's a prime time for criminals to get bold about targeting trucks with prized cargo that can be easily sold or distributed quickly and discreetly.
While the third quarter experienced an 18% decrease in stolen goods when compared to the same period last year, cargo theft remains a large problem that costs the industry nearly $30 billion a year according to the FBI. With the upcoming holiday season, we are quickly approaching some of the busiest retail days of the year, including Black Friday and Cyber Monday, which means an increase in shipping and a greater chance of thieves making out with truckloads of merchandise. In fact, cargo theft incidents in the third quarter rose 24% compared to 2Q 2017, with the 4th quarter being considered the peak season for thieves with theft rising as much as 40% on holiday weekends. (1, 2)
Thank you all for entering Road Scholar's 2017 Halloween Pet Photo Contest. We've gotten some great entries...everything from dogs to horses and even turtles! Now it's time to vote for your favorites! Cast your votes below once daily per e-mail address and SHARE this post with your family and friends. Want to increase the chances of your favorite pet(s) winning? Visit our Facebook page and LIKE/SHARE as many pet photos as you want. The top three pets with the most combined total of likes, shares, and votes will be rewarded for their cuteness with a gift card to PetSmart! Voting will end Wed. Nov. 8th at midnight. Good luck to all of our participants!
The American Transportation Research Institute released its report “Critical Issues in the Trucking Industry” this week, which identified the top concerns and challenges along with strategies for each according to 1,557 motor carriers, drivers, and stakeholders in the U.S., Canada and Mexico. Results from the report were as follows:
Teletrac Navman recently released results from a survey they conducted in March 2017 which contained input from over 1,200 fleet operations/management professionals across the globe. Pulling out 118 responses from individuals based in the U.S. that primarily operated in the transportation industry, the company was able to compose the 2017 Benchmark Survey: U.S. Transportation Edition. Results from the survey were as follows: