Fiscal pressures are being felt across all service offerings in the transportation industry, including Intermodal, Over the Road, Brokerage, and Dedicated.
By J.B. Hunt
January 21, 2015
The transportation industry faces many challenges in 2015 and beyond.
Increased recruiting expenses and mileage pay, truck and maintenance costs, preparation for future regulations on equipment, lost productivity due to new regulations and a precarious market capacity situation are all stressing forces.
The key factors highlighted below are:
- Driver shortage and retention
- Tightening regulations/Hours of Service
- Railroad investment
- Equipment costs
Shippers should prepare for significant cost recovery and network rationalization efforts from providers of both highway and intermodal services beginning in late 2014 and into 2015.
We hope this document has been informational to you and helpful as your organization begins considering the 2015 budgeting process.