But when major things happen, such as fuel prices jump to double or more, a company has no choice. You can only pass so much of the added expense on to your customers.
Source: www.minemax.com
20. Trucking Industry Factors – Economy:
This is very important. It can affect company at the local level as well as the entire trucking industry on a national level, even globally! As the economy slows people tend to spend less. Therefore less needs to be shipped. As stores cut back on inventory they cut staff, spending cuts back more.
As the amount of freight decreases so does the need for truckers and trucking companies. But when the economy is good and people are working, they spend more. They shop more, they buy houses, and other luxury items all of which need to be transported. This increases the need for truckers and trucking companies.
21. Trucking Industry Factors – Developments In Technology:
I have touched on this and will again and again. Not to insult you or bore you, but to drive home the point about the importance of staying up to date. We have come a long way since rotary telephones and fax machines.
It is now possible to communicate instantly and track shipments in real-time. No more guessing about where is the freight or trying to track down someone with answers regarding the shipment.
But you can do so much more as well, from locating freight needing to be shipped to tracking maintenance schedule, fuel and other cost. Heck, even the entertainment for the truckers on the road has improved because of technological advances.
Source: www.gonzotrucker.com
22. Trucking Industry Factors – Lead time:
Lead time, I am sure some of are saying, “What is that?” While others might be more like, “yeah right!” But in theory, if you have a good broker, dispatcher, and others working in proper communication, you can cut your time drastically.
But having ample time and notice you can cut both wait time and cost. This could actually be a win -win for your organization. Because, if you have a schedule, and can stick to it, your trips should all be lined up and go as smooth as an American highway. Ok, well let’s hope it’s a bit smoother.
23. Trucking Industry Factors – Load time:
This is a killer. What can I say? Loading docks often have a first come first serve attitude, while others set appointments. Either way drivers hate having to ‘fight’ for a slot. Time spent at the loading is time lost with the next trip. However, the loading dock workers see it as, the trucks need to get unloaded.
