Reverse logistics in trucking
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 […]
Carriers manage insurance
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.
Compensate carriers
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.
Driver happiness
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 […]
Fleet Fraud
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 […]
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