The most active shippers pay attention to industry trends so that they can project the transportation prices for their supply chain. In the trucking industry, the trends are looking very promising. The results are in from the first quarter of 2014, and trucking companies have a lot of reasons to celebrate.
When a shipper speaks to a freight forwarder about helping with logistics, there are several options for shipping. The options are shipping by ocean, by air, by rail and by truck. More often in the US, it seems that trucking has been the dominant form of transportation. This is a trend that continued to grow last year.
A strike can occur at anytime among people in the trucking industry, but for truck drivers at the port, it might some special meaning. Last fall, port truck drivers in Los Angeles went on strike, and eventually went back to work.
In the past year, there are have been some carriers in the trucking industry who question certain regulations from the Federal Government, most notably the hours of service rules for truck drivers. However, there is recent news from the Federal Government, directly from President Obama, that has most people in the industry happy to hear.
The domestic trucking market can sometimes be described as a roller coaster. Sometimes the market outlook is improved, and sometimes there are situations that could negatively impact the market. The Cass Truckload Linehaul Index recently reported on some news that shows that the market is not doing well.
Refrigerated shipments of food by truck will be facing new regulations in 2014. The rules, set forth by the US Food and Drug Administration, will provide a way to make the transportation of food safer for people and for animals. The objective is to decrease contamination in the transportation process, which will prevent food-related illnesses.
Trucking companies who transport LTL and FTL freight run on a precise schedule for pick-ups and drop-offs. The same could be said about all truck drivers everyday.