Trucking has always been a low margin business. The most efficient operations generally only realize profits of just a few cents on a dollar. Even something like a spike in the price of fuel can be the difference between red and black ink on a carrier’s balance sheet.
It’s normal in everyday life to wing it. Sure, you may play it by ear when you’re going out with friends on the weekend or fly by the seat of your pants when driving to a vacation destination. But not often do you do it off the top of your head at work, especially when it comes to implementing a complex software solution. For transportation companies, that intricate solution is most likely a Transportation Management System (TMS).
We all fall into certain habits: Whether it’s the time for rising each day, our breakfast choices or the way to tackle our work. Sometimes it’s good to have a steady routine. Other times, a routine can be static and prevent us from living life and performing business tasks more efficiently.
We all know some of the challenges that the transportation and logistics industry is facing such as the capacity crunch and the driver shortage. Both factor into each other and make it seem like there’s an endless list of available jobs with only a few available candidates in the talent pool. Part of the revolving door is that drivers feel like because there are so many available jobs that if one company isn’t treating them right, then they can jump to the next one.
At the 2018 in.sight user conference + expo, two customer companies presented their experiences with searching for a dock management solution and how implementing Trimble’s ConnectedDock created more efficiencies. During “A Case for ConnectedDock” representatives from both Maritime-Ontario and Carlile Transportation explained the importance of using robust, hand-held devices to streamline cross-dock operations and eliminate misdirected freight.
The pressure on truck capacity is coming from all angles.
A shortage of qualified drivers could be the most serious concern. The American Trucking Associations estimates the industry will need 890,000 new drivers over the next decade – an average of 89,000 per year – to replace those who will be retiring and to keep pace with freight growth.
Cutting-edge technology, “Wow” factor demos, class sessions and a former astronaut.
There was never a dull moment at the 2018 in.sight user conference +expo hosted in Houston during third quarter. Customers from all over the US and Canada experienced a convergence of technology designed specifically for the transportation industry.
Front and center in the exhibit hall at the George R. Brown Convention, Trimble Transportation Enterprise (formerly TMW Systems) and Trimble Transportation Mobility (formerly PeopleNet) were on full display with an integrated market identity, solution set and support network.
Carriers could be waiting a while for their electric and CNG tractors to arrive. So what technologies are available now to help minimize companies’ diesel costs and stay competitive?
Topics: Fuel Software
The rapid rise and advancement of technology sent industries far and wide scrambling to innovate and keep up with the latest best practices. If the company didn’t adapt, it was left struggling to stay in business. But now, technology has become entrenched in how companies operate on a normal day-to-day basis, and rather than merely keeping up with the latest trends, many companies are searching for the next big thing to get ahead of the curve. That’s how industry leaders are creating more efficiencies within their work and, ultimately, are driving better profit margins.
Where is the economy headed? Will shipper demand remain strong? What is the outlook for freight carriers?
These are burning questions for anyone in the transportation space, given the complex factors influencing today’s economy. A closer look at economic trend analysis provides some answers.