Reverse logistics in trucking is the problem that retail companies and businesses have ignored and let pile up since the pandemic. 3PLs are still struggling to find a solution for all the consumer goods that get returned, a problem that gets larger during the holidays. The holiday shopping season is in full swing, with Christmas […]
Insurance costs have risen significantly in the past decade, and 2024 should be no exception. What can expect when carriers manage insurance next year? Insurance is a major expense in trucking, especially for small fleets and owner-operators.
FMCSA has published a ruling that outlines requirements for brokers to ensure carriers are compensate. The agency has issued a final rule to ensure brokers have the money necessary to compensate carriers. Brokers and freight forwarders must maintain at least $75,000 in readily available assets for financial security.
A survey found a decrease in driver happiness from 2019 to 2023. Top driver concerns were compensation and communication. Truck drivers aren’t as happy as they were before the pandemic. Better pay and better communication are the top two ways employers could improve the job. In a for-hire fleet specifically, miles are controllable, but they’re […]
If you think your business is immune to fleet fraud, think again. Both external and internal fraud can affect trucking companies. Organizations lose 5% of their annual revenues to fraud—a startling statistic. That equals $4 trillion worldwide. An expert explained that fraud affects the price we pay for goods and services. For every $1 of […]
Winterizing your fleet in the fall can save you money and time in January. Shorter days and those bright, colorful leaves falling off the trees are a reminder that winter is coming. If your fleet hasn’t already started preparing for the harsh, frigid months ahead, there’s little time to waste. Preparation before winter is certainly […]
Small- and medium-sized fleets plan to invest in technology to help in a challenging economy. Smaller fleets risk losing their competitive edge if they do not invest in asset tracking. It’s no wonder owner-operators and smaller carriers are exiting the industry, leaving fleet managers to consider what technologies to invest in to secure the future […]
Detention management is among the top problems facing drivers and fleets. Driver detention ranked as a top industry challenge, according to the American Transportation Research Institute. However, some fleets are successfully deploying strategies to combat this time-killing supply chain. Senior solutions architects recently surveyed large fleet companies that they felt had a “good handle” on […]
Trucking freight and equipment markets have already hit bottom and won’t dig deeper, but the bounce back upward will be slow. Freight markets and the related equipment demand have bottomed out, but recovery will be slow, a transportation forecaster told trailer dealers here Thursday. But the good news is that the current activity level, while […]
Fleet managers need actionable insights, not data. To make the most of what you have. “Data is crude oil. It is valuable but unrefined; you really can’t use it.” most fleets are swimming or in some cases drowning. In data from telematics devices, electronic logging devices, fleet maintenance management systems, accounting and fuel management, and […]
