- Truck driver shortage revisited.
Abstract Despite the recent economic downturn and the subsequent increase in unemployment rates, driver turnover remains a serious problem in the trucking industry. Since driver turnover contributes to cost inflation and service disruptions, it has afar-reaching effect on the trucking firm's competitiveness. To control high driver turnover, trucking firms have ......
- Good times roll, but fuel prices take toll on industry
Even though diesel fuel prices have leveled off after an unprecedented surge past the $1.76 per-gallon mark, many trucking companies and package carriers are having difficulty making ends meet, even with fuel surcharges. "Fuel cost spikes happen periodically and last variable lengths of time, and we never know how long ......
- Kings of the Road
National less-than-truckload (LTL) motor carriers navigated numerous speed bumps this past year— higher diesel prices, a lingering driver shortage, and rising insurance costs. Still, high-grade haulers managed to overcome those obstacles while meeting rigorous shipper expectations for on-time delivery, solicitous service, and reasonable prices. "We classify value as a combination ......
- Looking for LTL savings in all the wrong places
HEADNOTE The key to lowering your LTL costs is to focus on smart sourcing These are turbulent times m the less-than-truckload (LTL) freight industry. Bankruptcies, mergers and rising fuel and insurance costs are all combining to make LTL sourcing a greater challenge than ever before. In this new environment, traditional ......
- M&A activity rolls along in the trucking industry
The trucking industry is ripe for M&A activity. The industry is fragmented with more than 450,000 carriers, with only 12 of these carriers generating revenues exceeding $1 billion. The majority of truckload carriers, almost 300,000 companies or some 60 percent, operate fewer than 100 trucks. Small truckers are more vulnerable ......
- Truckload rates kick into high gear
Prepare to dig deeper into your wallet. A combination of factors, including new government regulations, carrier consolidation, higher fuel prices, and labor and equipment shortages are all coming together to push truckload rates to some of the highest levels seen in a decade. And be forewarned: The underlying factors behind ......
- Strategic network design for multi-zone truckload shipments.
1. Introduction The trucking industry accounts for 75% of the total freight expenditure in the US (Chopra and Meindl, 2002), and it consists primarily of two types of shipping: full TruckLoad (TL) and Less-than-TruckLoad (LTL). While the LTL shipments serve customers ranging from individual users to large corporations of all ......