Finding ways to get transportation growth and profitability back on track
Transportation is at a crossroads
Like virtually all companies striving to achieve success in
today's low-growth economy, those in the transportation
industry face a number of challenges. Opportunities are out there,
but currently, multiple issues and restrictions—some of them
increasing in severity—are impacting companies' ability
to grow, and even maintain, the top line.
Several issues are immediately notable on the labour side of the
equation. To begin with, there is not only a chronic shortage of
drivers, but truck driving is not a particularly attractive option
for tomorrow's drivers, which signals that staffing problems
will only grow down the road. Moreover, evolving hours of service
regulations are further restricting the lengths of time that
drivers may operate a vehicle. While these are certainly positive
safety measures, they can also increase driver administrative work
while