The financial impact of rapidly rising freight costs caught large numbers of CEOs and CFOs by surprise. Many companies were unprepared for the capacity challenges and financial impacts that took place. Economists are predicting solid economic growth in 2019, but not quite at the pace of 2018. What can CEOs do to protect their supply […]
A Ckecklist for CEOs Seeking to Control Freight Costs in 2019
How to Protect One of Your Most Important Assets
6 years ago
For the past twenty-five years, I have lived the life of a road warrior. I have traveled to all parts of North America with one of my most important assets, my laptop computer. I have had my laptop stolen, damaged and most recently, taken, in error, by another passenger, as I was passing through Security […]
How to Retain Truck Drivers in 2019
6 years ago
Annual turnover of over the road truckload drivers is currently in the range of 95 percent. The cost of replacing a driver is approximately $8000. This high turnover ratio came during a year in which truck drivers in many fleets received multiple and significant bonuses and pay increases. This begs the question of how well […]
On January 10, 2019, LevaData, a supply chain AI company, released the results of its 2018 Automotive Survey based on responses from one hundred US-based auto executives. All of the individuals surveyed are senior executives of car manufacturers, car parts manufacturers or are in leadership positions in related industries. The study was designed to gather […]
– Starting with less than truckload (LTL) and rail freight, North America’s online freight marketplace is rapidly expanding its services and coverage The Freight Transportation Industry The US and Canadian trucking industries generate about $750 to $800 billion in revenue. When you add in rail volumes, the North American surface transportation industry represents trillions of […]
Some Major Trends and Predictions for 2019
6 years ago
This has been a remarkable year in history and in the world of Freight Transportation. Here are some observations on the major developments that will shape 2019. 1. The Coming Economic Downturn and Recession The looming emerging markets credit crisis is expected to grow in both scale and scope. Some emerging markets have come under […]
On Monday, November 26, 2018, General Motors announced that it will be closing five plants in North America in 2019, four in the USA and one in Canada. In addition to the closures, 6000 hourly workers and 8000 salaried employees will lose their jobs. “The actions we are taking today continue our transformation to […]
2018 – The Freight Transportation Year in Review
6 years ago
This has been a remarkable year for the Surface Freight Transportation industry in North America. Here are some of the top stories for the past 12 months. 1. The Booming Economy The booming economy was the single biggest story in the Freight Transportation industry in 2018. After years of steady but modest growth following the […]
The subject of rising freight transportation costs has come up on the earnings calls and quarterly reports of almost every publicly traded manufacturer and retailer in 2018. This has been a very challenging year as many transportation expense budgets were shattered by a host of variables including a driver shortage, the ELD mandate and a […]
The STS Focused on the Profound Changes Shaping the Canadian Transportation Industry in 2019
6 years ago
The Surface Transportation Summit celebrated its 10th anniversary at the International Centre on October 10. The event addressed the profound changes that have taken hold of the Transportation industry in 2018 and where they will likely lead us in 2019. Paul Ferley, Assistant Chief Economist, Royal Bank of Canada, kicked off the day by highlighting […]
