Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Technology Comes to the Aid of Freight Companies. truck drivers transportation freight trucking

Worker Shortages and More Pose a Challenge to Freight Companies

Elementum

Transportation is one of the world's largest industries and deeply influences how efficiently global supply chains are able to run. But issues surrounding labor and rising fuel prices pose real threats to the freight industry. Despite ramped-up recruiting efforts, this number is expected to triple by 2026. Technology Comes to the Aid of Freight Companies. truck drivers transportation freight trucking

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Transportation TIP List: Week of March 3rd, 2019

Transplace

Likewise, this week’s TIP List has a particularly bright outlook; including news on the growing freight business and the projected increase to the size of the global supply chain analytics market. motor carriers are still betting a combination of acquisitions, territorial expansion and strong freight to help them raise their toplines higher. Supply Chain Analytics Market Will Be Worth $10.7 billion by 2026, growing with 15.5%

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

Workers are so scarce that, in many parts of the country, low-skill jobs are being handed out to pretty much anyone willing to take them – and high-skilled workers are in even shorter supply.”. Freight rates are on the rise, and there are signs that the shortage are unlikely to abate. The American Trucking Association expect a shortage of roughly 70,000 truck drivers in 2019, which will increase to 175,000 by 2026.

DC 40

The Myths and Benefits of Using a 3PL: Evaluation Criteria to Consider

Turvo

According to Supply & Demand Chain Executive , a new Global Market Insights Inc. report found that the global 3PL market would surpass $1,800 billion by 2026. Prior to the onset of the pandemic, the value of a third-party logistics provider (3PL) was increasing.

3PL 62

Collaborative Logistics’ Role in the Emergence of the Physical Internet

Material Handling and Logistics

It may seem impossible today, but the physical Internet could be embedded into freight supply chains by 2050. Indeed, it will not only optimize entire supply chain ecosystems but also reshape and reengineer them. Many already believe that freight exchange platforms, dedicated to maximizing payload efficiency and reducing empty miles, have a role to play in making this vision a reality. That is not to say that freight exchanges will cease to exist.

How IoT Improves Consumer Packaged Goods Value Chain

Savi

Agile supply chain operations, especially in the consumer packaged goods (CPG) industry, are using IoT and end-to-end shipment visibility software to outperform competitors with better service while keeping lower inventory levels. Driver Shortages: It is estimated that by 2026, the industry will be short 175,000 drivers. Given that most freight is transported over the road, this is a serious concern.

Trucking Companies Are (Finally) Recruiting More Women

Elementum

In light of this shortage, pressure has been mounting on carriers to reach out to untapped workforce pools in order to close the gap and keep supply chains moving. If the trend continues, the ATA predicts the industry could fall short by 174,000 drivers by 2026. They’ve since been struggling to meet increasing demand for freight transport. The American Trucking Association estimates that trucking companies are short by as much as 45,000 drivers.

Where Have The Drivers Gone?

AFFLINK

The most immediate impact of the truck driver shortage (beyond the shortage itself) has to do with its effect on supply chains everywhere. Not only does this exacerbate the shortage as there are fewer drivers hauling larger amounts of freight, but it also leads to massive supply chain issues like product shortages, extended delivery delays, and (ultimately) higher prices.

The Future Is Now for Logistics

Material Handling and Logistics

the supply chain. The Council of Supply Chain Management Professionals' annual State of Logistics report attempts to offer just such a map -- accompanied by some timely warnings. Kearney and sponsored by Penske Logistics for CSCMP, vividly depicts a supply chain struggling under the twin demands of constrained capacity and the need for significant technological investment to help service providers and their customers keep up with soaring growth.