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.
Whether you are a military truck driver or simply want to show your support for those who have served, here is an opportunity for you. Each December, Wreaths Across America makes sure veterans are never forgotten. The organization arranges wreath-laying ceremonies for cemeteries and memorials across the nation. As a truck driver in New England, you have the chance to drive for the Wreaths Across America convoy.
It's no secret that trucking costs are rising, but there are several factors causing the increases. The biggest ones are fuel, labor, pay, equipment, and healthcare, all of which have seen jumps in recent years. Because all of these areas are climbing when it comes to costs, some companies are really struggling to stay afloat. It's hurting businesses, the trucking industry as a whole, and the people who rely on having their goods shipped across the city or across the country. No matter how far a truck needs to travel, it has to be cost effective for it to do so or it won't be going anywhere.
Imagine docking your trailer at a shipper’s facility, asking to use the restroom while you are waiting, and being denied. Better yet, imagine being told to go relieve yourself behind your own trailer “like everybody else does,” by one of the employees. So was the case a few years back when one driver made headlines for the treatment he received at a food packaging facility. The facility later told the driver that they would be changing their policy within the next month to allow drivers to use their facilities’ restrooms.
Freight rates continue their climb north in a year that has already shown a 28% increase in trucking spot quotes from Jan. 1st through March 23rd, according to a Bloomberg report. But the higher prices in freight transportation (and ultimately consumer goods) should not be unexpected. The northeast, for example, was embraced with three Nor’easters within the first two weeks of March, with seven of those states getting hammered with over 20 inches of snow, shutting down roads and hampering businesses.
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.