Digital transformation is taking place across all industries and is particularly prevalent in transportation and logistics. For fleet managers and owners of trucking companies, this shift means one thing — modernize your management systems or roll the dice on your digital, data-driven competition, gaining a competitive advantage and leaving you behind.
Even though truck drivers are essential to U.S. economic stability and growth, they are commonly an under-appreciated group that doesn’t get the respect they deserve. Think what would happen if truck drivers decided not to show up for work. Grocery shelves would be empty, raw materials wouldn’t be supplied to manufacturers, new products wouldn’t be developed, gas stations would have no fuel, and hospitals would be lacking the medical supplies and pharmaceuticals needed to treat patients. These are just a few of the “doomsday” scenarios that would become a reality. Nothing moves without truck drivers. Practically everything we use or consume at some point is transported on a truck.
Tags: Fleet Management
Rising fuel and maintenance/repair costs are always a hot topic for fleet owners and managers. But what’s typically not as top of mind is the rising cost of fleet vehicle insurance premiums over the last couple of years. With premiums steadily rising and, in some cases, even doubling, owners and managers need to be thinking more about insurance and how to keep premium costs under control.
With e-commerce increasingly becoming a more significant percentage of U.S. retail sales, last mile delivery fleets have never been busier. E-commerce is projected to grow to 19.2% of all U.S. retail sales by 2024, and the North American last mile delivery market is projected to grow by $58.91 billion between 2021 and 2025. To meet the demand and be competitive, fleet managers must ensure their last mile delivery fleets run at top-notch efficiency.
The truck driver shortage is one of the biggest challenges the U.S. trucking industry currently faces. Looking ahead to the future, it’s going to get even more challenging. According to the American Trucking Association, the April 2021 shortage of 63,000 will climb well over 100,000 by 2022 and close to 180,000 by 2026.
With lowering fuel and maintenance costs, compliance with government regulations, and reducing carbon footprint being top priorities for businesses that operate fleets, it’s no wonder that fleet managers are increasingly turning to green fuels to power their fleet vehicles. A 2020 fleet purchasing survey indicated that interest in green fuels is on the rise after remaining relatively flat for the last several years.
As if fleet managers don’t have enough on their plate dealing with the ongoing impact of the COVID pandemic on their fleet operations, along comes the 2021 Atlantic hurricane season, which officially begins June 1 and runs through November 30.
There’s no question that the COVID-19 pandemic has changed everything — upending the world and making business as usual highly unusual and exceptionally challenging across all industries. For the fleet industry, the pandemic has caused a seismic shift in how fleet managers handle operational, logistical, and financial challenges while safeguarding employees and keeping business productive and profitable.
Tags: Fleet Management
With fuel being a fleet’s number one operating expense — accounting for as much as 60% of a fleet’s operating budget — lowering fuel costs is a top priority for every fleet manager. Whether fuel prices are rising or falling, putting management strategies in place to mitigate fuel costs is key to running a cost-effective, efficient, and profitable operation.
With the advent of wireless telecommunications, smaller/more powerful devices, and more mobile devices, fleet technology has rapidly evolved over the years. It is a trend that isn’t going away any time soon. For fleet managers, that’s excellent news.