Transportation Industry is Booming
With the United States economy doing well and the continued growth of e-commerce, we have seen the transportation industry booming. Every mode of transportation is being pushed to its limits of capacity. The truckloads we are demanding to be shipped on a daily basis are continuing to grow exponentially. One of the modes being strained the most is the trucking industry.
With the two hurricanes that hit the US earlier this year, the trucking industry was pushed to the max. Now truck drivers are dealing with the change of being forced to use electronic logging. ELD’s put tighter restraints on how they manage their driving hours. Transports that used to be next day are now turning into 2-day transports. This is costing shippers more and the drivers are having to change how they manage their loads. Overall available capacity is being affected on a daily basis.
Trailer Sales are Up!
As a result of increased demand, last month trailers sales grew to over 42,000 trailers. Sales are projected to continue to grow to put the manufacturing schedule well into 2018. Unfortunately, a lack of available drivers continues to plague the transportation industry. This is pushing the innovation of automation and efficiency in the transportation industry.
Trailer Orders Soar Above 42,000 in November Trailer orders hit 42,600 units in November, according to the research company FTR, citing preliminary data amid what it called tremendous freight growth in the fourth quarter. The volume will boost backlogs that had looked to be weakening at the end of October, according to the Bloomington, Ind.-based company. Annualized trailer order numbers are now 295,000 for the past twelve months. “November trailer orders are wonderful news for the industry and for the general economy,” FTR Vice President of Commercial Vehicles Don Ake said in a statement. “Fleets continue to anticipate the need for more trailers in 2018.” FTR forecasts freight growth to remain at least good through the first half of 2018. “We can expect more use of drop-and-hook logistics in dry vans, refrigerated vans and flatbeds as trailer truck productivity is reduced and the driver shortage intensifies,” Ake said.
We Need Drivers:
With the transportation industry booming, we really need to work on ways to create more interest in a career in transportation. Being a truck driver provides opportunities that you don’t find in other job settings. You get to travel to different places all of the time and work with all kinds of different people. I work in transportation as a freight broker and enjoy interacting with drivers. Truck drivers can have some great stories to tell if you have some time to listen to them. Another great part is there is always a curveball that gets thrown your way when you work in transportation. If you find a transportation company that has a great work/life balance, a career as a truck driver can be very rewarding.