Follow us on Twitter!
Blog Header Logo
DG&A's Transportation Consulting Blog
Subscribe to this list via RSS Blog posts tagged in Failure

If your trucking company hasn’t been purchased or doesn’t get purchased by TransForce, will it be in business in five years?  That is the question that came up in a recent discussion with a long time industry colleague.  The response I received was that he didn’t think his company would survive.  I was a bit surprised by the response and asked him for an explanation.  This led to an interesting discussion on what it is going to take to make it in the trucking industry in 2014 and beyond.

We both agreed that while the trucking industry has changed in some ways over the past decade (e.g. more use of technology, better cost controls after the Great Recession, LNG vehicles, greater use of 3PLs as customers), the industry is not that much different from ten years ago.  The slow economic turnaround since 2008 has created a challenging environment and there is little reason to expect a major improvement in the short term.  Rate increases are hard to come by, even with a tight driver situation.  Even more of a concern is the lack of innovation in the industry and the threat that such changes could wreak on so many complacent companies.

The warning signs are there.  As a Canadian, you don’t have to look much further than Nortel and Blackberry to see what can happen to industry leaders that were not able to keep up with changing consumer needs and quality competitors.  At the same time, one can observe what companies such as Amazon and Apple have been able to do to change the paradigm of some long established industries. 

Some of the large trucking industry players are making investments in technology and people.  They are integrating back offices and focusing on achieving economies of scale.  They are thoughtfully expanding their service portfolios and geographic footprints. 

Some of the small players are offering solutions that are very tailored to certain industry verticals and geographic areas.  Companies that are focused on same day delivery, refrigerated intermodal service, pooled LTL service, energy distribution and other emerging capabilities are creating a space for themselves in the industry.

...
Hits: 9631
0
Continue reading 0 Comments

Most Recent Posts

Search


Tag Cloud

Omni Channel Adrian Gonzalez Ferromex dimensional pricing FCPC TMP Worldwide freight transportation in 2011 FCA Freight Recession transportation audit President Obama rail safety Map-21 Crude Oil by Rail Crisis management last mile delivery US Manufacturing driverless supply chain management MBA Hudsons Bay Company the future of transportation BNSF Social Media in Transportation Bobby Harris pipelines risk management Canadian freight market Otto FMCSA Business Transformation Strategy Keystone Pipeline Freight contracts Search engine optimization employee termination Microsoft Freight Capacity truck drivers FuelQuest Tracy Matura Sales Management energy efficiency Transplace freight bid capacity shortage Schneider Logistics Entrepreneur IANA routing guide Freight Carriers Association of Canada Freight Rates Loblaw 2014 freight forecast Canada-U.S. trade agreement YRC Reshoring trucking company acquisitions NAFTA broker bonds Climate Change LinkedIn Doug Nix Consulting natural disasters Whole Foods driver shortages LCV's Carriers intermodal CN Rail shipper-carrier collaboration Packaging Freight Shuttle System ShipMax Social Media JB Hunt 2014 freight volumes Wal-Mart APL BlueGrace Logistics US Housing Market transportation news Transcom Fleet Leasing MPG Inbound Transportation Twitter dynamic pricing Accessorial Charges mentoring Trucking trade 3PLTL Comey Dedicated Contract Carriage freight cost savings hiring process Driver Shortage Education Associates Success marketing autonomous vehicles Sales Training shipper-carrier roundtable Stephen Harper Trade Vision TMS business start-up CP Rail Swift 360ideaspace Leadership 2015 Economic Forecast 2012 Transportation Business Strategies. Jugaad Training New Hires freight payment CSX shipper-carrier contracts Business skills Global Transportation Hub TransForce CN freight audit Canadian truckers Freight coaching transportation newspaper USA Truck Canadian Transportation & Logistics KCS Business Strategy capacity shortages Regina New York Times Donald Trump selling trucking companies freight payment freight audit e-commerce ProMiles Failure 2013 Economic Forecast freight RFP freight agreements Spanx Load Boards freight rate increases Truckload Driving for Profit FMS CSA scores Fire Phone NMFC Shipper broker security UP freight broker Distribution small business Canada consumer centric Freight Management Muhammad Ali Trump future of freight industry Transportation Success failure entrepreneur driver online shopping Warehousing Masters in Logistics Retail transportation Colilers International Rail David Tuttle NCC 2014 economic forecast drones Rotman School of Business fuel surcharge Transloading Dan Goodwill Infrastructure Freight Matching Training Canada U.S. trade Harper Davos speech Management NS Job satisfaction Scott Monty freight transportation conference Transportation Buying Trends Survey Yield Improvement economy CSA customer engagement Software Advice US Auto Sales Emergent Strategy Surety bond Right Shoring Horizontal Supply Chain Collaboration Transport Capital Partners (TCP) shipping financial management Blogging Toronto Canadian economy Load broker Railway Association of Canada freight costs Canada's global strategy Doug Davis Celadon automation truck driver US Economy Rate per Mile carrier conference Cleveland Cavaliers $75000 bond Career Advice Amazon home delibery Broker Global experience derailments Conway robotics professional drivers bulk shipping Sales Facebook freight forwarders shipping wine network optimization LTL home delivery buying trucking companies Derek Singleton Deferred Packaging Dedicated Trucking Life Lessons solutions provider CITA Shipper Pulse Survey Outsourcing Sales US Election Retail RFP EBOR tanker cars peak season Werner cheap oil freight transportation Politics Transportation service Grocery economic forecasts for 2012 University of Tennessee Finance and Transportation 3PL CRM

Blog Archives