Using metrics to measure success is important in the trucking industry. When it comes to logistics (and many other industries), “what gets measured, gets improved.” This is important to consider – businesses can spend a lot of time developing metrics for their business, but are they the right ones? Do the metrics that you’re using […]
Earlier this year, the National Tank Truck Carriers, Inc. (NTTC)announced the availability of its Tank Truck Industry Market Analysispublication, authored by American Trucking Associations’ Chief Economist Bob Costello and his team. For those of us in the tank truck industry, this was a long-awaited document – it’s the first time that our industry has taken […]
On June 3 of this year, the U.S. Transportation Department announced that electronic stability control (ESC) systems will now be required on heavy trucks (truck tractors) and large busses weighing more than 26,000 pounds (FMVSS No. 136). But the initiative doesn’t stop there: the National Highway Traffic Safety Administration is attempting to expand the requirement […]
The following is an excerpt from our white paper The Design of Logistics: Eliminating Costs to Strengthen Your Competitive Position. As the owner or manager of a business with significant logistics operations, you’re always looking for ways to control costs and enhance productivity. While this is no easy task steps can be taken to simplify […]
It’s a familiar story: the increasing driver shortage in the trucking industry is capping capacity and slowing potential growth. In a December 2014 Commercial Carrier Journal’s (CCJ) survey of 255 owners, executives and senior managers, the results were startling clear: 57.3% of for-hire carrier respondents believed that driver shortages would be their biggest concern in […]
Fleet owners have a variety of motivations for acquiring hybrids, electrics, and other alternative fuel-powered vehicles, but they face a number of challenges in doing so, like cost of acquisition and infrastructure availability. The focus on fleet sustainability has been building over the past decade as alternative fuels become more prevalent and available, but whether […]
For the first time since May 2013, employment in the trucking industry has declined. The Department of Laborreleased March employment numbers, announcing a drop of 6,800 jobs in the for-hire trucking industry, marking the biggest decline in two years. BeforeMarch, jobs in the trucking industry had been slowly climbing to near pre-recession employment levels, with […]
Outsourcing logistics management has been on the rise for the past few years, and the trend is expected to continue through 2015. According to the 2015 Third Party Logistics (3PL) study by Capgemini Consulting and partners, 67% of shippers indicate that they plan to increase their use of outsourced logistics. A whopping 92% of 3PL […]
Congress and the Obama Administration can do more to help the nation’s trucking industry serve the U.S. economy safely and efficiently. That should be the trucking industry’s message in 2015, according to Steve Williams, chairman and CEO of Maverick USA in Little Rock, Arkansas, and Chairman of the Alliance for Driver Safety & Security (aka […]
Reduced crude oil prices in late 2014 have translated into lower prices at the pump, but what exactly do lower oil prices mean for supply chain strategies? There has been much discussion about how the decreasing fuel costs in 2014 are pushing the industry toward Lean supply chain principles, like using cross functional methods to […]
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