As you prepare for the New Year, it’s important to take a close look at the trucking industry outlook for next year. Areas including freight rates, shipping capacities, and truck orders indicate a booming and in-demand industry. Take stock of where your trucking company can expect growth in 2019 and where you need to adapt for the year ahead.
If you're wondering what's up with this digitization thing, you're not alone. The transformation is impacting virtually every industry, including shipping. We're seeing changes that will not only impact our current situation, but long into the future. One change that is here to stay is the trend towards ship-to-home options. Here's a quick look at how this trend is helping drive LTL growth in the market.
Have you ever gone to the supermarket and wondered why they don’t sell half a loaf of bread? While many freeze the other half, others simply throw it away. Sounds like a waste of money right? Or when was the last time you purchased a single banana at the supermarket as opposed to a bunch, only to end up tossing them in the garbage? In fact, according to the documentary, Wasted! The Story of Food Waste, an average American family throws away nearly $1,500 of food each year!
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.
A driver pulls up to your dock reeking of smoke, wearing a dirty shirt with holes in it, hasn’t shaven in a week, and you can barely understand a word that he/she is saying. Do you place your food products in their hands? Or maybe you do because you are saving a few dollars by shopping out the cheapest transportation rate, but is it worth the impression they in turn provide to YOUR customer?