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:
Earlier this year, President Trump signed Executive Order 13771 (“Reducing Regulation and Controlling Regulatory Costs”). In order to comply with the order, which would eliminate two “burdensome regulations” for every one new regulatory action, the Federal Motor Carrier Safety Administration (FMCSA)’s Motor Carrier Safety Advisory Committee (MCSAC) presented a PowerPoint containing a list of a dozen rules that they suggest can be considered for elimination. These included:
Natural disasters, driver shortage, a growing economy, higher input costs, increasing pay for qualified drivers…all factors contributing to the highest spot quotes the industry has seen in over two years with van rates on the truckload spot quote market reaching a national average of $1.94 per mile and reefer rates increasing from $2.19 to $2.22 per mile week-over-week, according to DAT Trendlines.
CargoNet recently released its 2016 cargo theft report. Its results for the United States and Canada were as follows: (The below information is provided by https://www.ajot.com/news/cargonets-2016-cargo-theft-trend-analysis)
Expected to be the “first Category 3 hurricane to hit the US in 12 years” as well as the first major hurricane in America since Hurricane Katrina produced its damaging effects back in 2005, according to FEMA, Hurricane Harvey has now reached a Category 2 as it makes its way through the Gulf of Mexico.1
Vendor chargebacks can be costly, with shippers and carriers being hit hard with financial deductions on their invoice for a number of violations. Common chargebacks include late/early shipment arrivals, paperwork errors, invalid advance ship notices (ASNs), utilizing the wrong carrier, incorrect packaging/labeling, shortages, damage…the list goes on. Examples of penalties from one such vendor include 10% off the total shipment invoice for late arrival, $195 for each incorrect bill of lading, $10 per carton for an invalid ASN, and $5 for each incorrect label.1
It’s a dreaded word that no food manufacturer wants to hear…RECALL. The cause of over 48 million illnesses annually, nearly 25-30 food contamination incidents occur globally each week. 1 According to a study conducted by Ohio State University’s Robert Scharff, food recalls cost an estimated $55.5 billion a year when factoring in medical expenses, productivity loss and mortality. 2But how does this translate from a company standpoint?
Most expensive tractor trailer: Named the “Darth Vader,” this Kenworth T-2000 is the most expensive tractor trailer in the world, costing over $7 million! This truck is 75 feet long (the longest truck in the country) and weighs 90,000 lbs. Instead of hauling cargo, this truck transports 30 television technicians and equipment for live TV events.
It comes as no surprise that the driver pool in the trucking industry is dominated by males. In fact, while gradually increasing, still only 5.8% of truck drivers are women. But why? We reached out to truck drivers and industry experts asking them what they believe to be the challenges women are currently facing in the industry and what needs to be done to attract more females into the driver’s seat.
Freight Index: According to the U.S. Department of Transportation’s Bureau of Transportation Statistics, freight transported via trucks, rail, air, waterways and pipelines decreased nationwide by 0.8% in June.1 The loss was mainly suffered by trucks and waterways while freight via air, intermodal and rail carloads saw an increase in freight.1
Drivers are said to be one of (if not the most) important asset for trucking companies. Not only are they responsible for the successful and safe transportation of products, but overall act as brand ambassadors for their company, often spending more time with customers than traditional salesmen. The impression they leave behind plays a large role in customer retention as a negative experience can lead to lost future sales while a pleasant and memorable experience can cause a shipper/consignee to want to increase their business together. Knowing this, it comes to question as to why many carriers would hire less than qualified drivers to represent their company. Perhaps to fill capacity restraints? Or maybe because they do not have to pay them as much as they would an experienced/skilled driver? Whatever the case, industry experts agree that the quality of drivers is decreasing.
Hillary Clinton and Donald Trump are on opposite sides of most of the subjects that concern the trucking industry in general. A recent Overdrive magazine survey of drivers revealed that most supported Trump, for his outspoken stance against regulation and his commitment to repairing the nation’s infrastructure.
Earlier this month, thieves stole a chassis container trailer of footwear from a warehouse yard in Torrance, CA. Without releasing the location of the theft or brand of products, authorities noted that the shoes, which consisted of both men’s and women’s sneakers, had a retail value of over $100 per pair, placing the load of 10,728 pairs at over $1 million.