As the driver shortage continues to squeeze shippers, many are speculating that the upcoming ELD enforcement implementation will exacerbate the issues further. So what can shippers do to reduce the impact the shortage will have on them? With all the press around the driver shortage, there is, surprisingly, no shortage of information and analyses of best practices for shippers in the tight capacity market. Below are a few articles to get you started.
The rest of the year for shippers seems bleak according to FTR Transportation Intelligence. FleetOwner analyzes the study released by the research firm this week that found shippers’ conditions have worsened considerably since 2017, and with rising freight demand, freight rates, and fuel prices. Not all is lost, however – the FTR sees intermodal and rail carload solutions as a quick way to alleviate some capacity pressure.
With costs at an all-time high and the yearlong projections looking bleak, shipping companies should be shifting their revenue models to allow them to better adapt to any market changes. This article from Inbound Logistics highlights implementing a supply chain finance model to tap the supply chain for untapped revenue while avoiding the pitfalls of traditional financing models.
Part of the downturn shippers are experiencing is due to the higher wages and benefits drivers are now receiving to reduce turnover. HDT Truckinginfo breaks down how the trend has impacted industry capacity and how market trends will develop in the coming years.
Enforcement for the ELD mandate is officially starting this Sunday, but there’s already been a lot of talk about how it could affect the industry. Trucks.com sat down with DAT Solutions to look at how electronic logging devices have affected trucking in the months since December, including trucker employment rates, overall productivity, and insurance rates.
With the tight capacity market squeezing logistics companies everywhere, many are changing up their processes to make moving cargo more efficient. Logistics Management reports that despite the deluge of shipments that the Ports of Long Beach and Los Angeles experienced during the Lunar New Year last month, the average time cargo stays on the docks is going down.