Uncertainty in Trucking Inventory

April 1 “hard enforcement” of the ELD mandate threatens to squeeze trucking capacity even more. As of March 26, nearly 10 percent of drivers still hadn’t installed the logging devices, potentially putting thousands of vehicles out of service depending on how serious the enforcement becomes. Many suggest it’s higher than 10 percent. Regardless, even 10 percent could squeeze an already tightening situation into something more like flat-out desperation

These are some of the factors causing major issues for Carriers

• Driver Shortage
• Increased demand for shipping services
• ELD Mandate
• Steep Shipping Bills

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Increasing cost of transporting goods has hit the bottom lines of companies across the U.S. The industry's tight labor market is prompting carriers to offer more competitive benefit packages. Ninety percent of truckload fleets offer paid leave, while four of every five private carriers offer a 401(k) plan and matching contributions. The rising pay rates is due to a perfect storm of increasing e-commerce retail, an uptick in construction and manufacturing, all fueled by a strong economy and rising wages and virtually full national employment. Top it all off with several consecutive massive weather events especially and the supply of trucks and truckers have been drastically squeezed, pushing up rates.

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