The current state of the trucking industry is putting shippers across the country in a bind – leaving them with fluctuating rates for freight transportation and a shortage of drivers. Several factors have driven high demand for trucks, including the hurricane relief efforts in Florida and Texas, severe winter storms, higher holiday freight volumes, new driver regulations for electronic logging devices (ELDs) and an overall increase in economic activity.
The transportation industry has a wonderful legacy of entrepreneurs and innovators. However, not every legendary tale is of someone whose new business start-up became one of the household names we all know today. There are many lesser-known success stories out there including freight brokers.
The critical nature of supply chains in today’s business environment is taxing the already lean logistics staffs of shippers. Beyond just running the business, logistics teams are spending more time on analytical projects, what-if scenarios and network designs. The list goes on and on.