Issues Impacting Trucking Right Now
All industries have unique problems, and trucking is no exception. As other economic and technological factors change, so do these challenges. While not everything can be solved so simply, many of problems in the trucking industry can be fixed with technologies, such as those offered by GTG. Read on to discover common trucking industry problems and learn how technology can solve or positively impact them.
The good news is that the demand for trucking is currently high. A robust economy means an increase in products that need to be shipped around the country, and someone needs to drive the trucks we increasingly use to transport goods long distance.
The bad news is there aren’t enough qualified drivers to move everything. The current scarcity is startlingly high. Estimates put the shortage of drivers around 40,000 in 2014, and it’s only getting worse. Lack of job security is a contributing factor to the shortage; truck drivers face frequent job changes and layoffs, which deter people from joining or staying in the field.
The trucking industry is quickly adopting technologies to address a number of these problems. One of the most advantageous developments in dealing with high demand and driver shortage is the use of data analysis and computer programs to create the most efficient freight routes.
These programs analyze traffic patterns and other factors to minimize waste. When properly employed, such technologies can help a trucking firm run with fewer drivers. Use of computer programs also provides savings enough to offer higher compensation, thus attracting and retaining more drivers.
Cost of Fuel
Along with labor, fuel is always a necessity to operate trucks. When fuel costs fluctuate, which they often do, it becomes difficult for fleets to predict expenses and plan accordingly. Technology that allows for accurate shipment tracking ensures that no fuel is wasted. Additionally, vehicle-to-vehicle technologies can help with fuel economy by allowing trucks to get close to one another, maximizing aerodynamics and saving fuel.
As world economies become more interdependent, distribution systems have shifted to reflect new global economic patterns. Products that were once shipped domestically by truck may now be delivered by air freight or other methods from anywhere in the world. Despite this issue, trucking remains in high demand. Even internationally distributed products often need to be shipped by truck once they’ve reached this country. The trucking industry can use sophisticated data analysis to carefully track current and potential customers to make sure customers’ needs are being met.
Competition is a good thing for the consumer because it keeps prices low and service standards high. For those working within the trucking industry, however, stiff competition means there is no room for error. Even a small mistake could put a trucking firm or individual driver out of business for good.
Luckily, comprehensive transportation software helps keep trucking firms competitive by enabling them to more effectively track and manage all the moving parts of their business, making the business of trucking more efficient and more attractive for future drivers.