trailer utilization

Unlocking hidden capacity with Repowr — Taking the Hire Road

On a recent episode of Taking the Hire Road, Jeremy Reymer was joined by Spencer Ware, co-founder and CEO of Repowr, and Patrick Visintainer, co-founder and COO of Repowr, to talk about asset underutilization and it’s impact on the freight industry. The co-founders also shared some of the experiences that led to the creation of their on-demand trailer reservation platform.

It’s not easy starting a company from scratch, and for Visintainer, an important part of handling the challenges is...

https://www.freightwaves.com/news/unlocking-hidden-capacity-with-repowr-taking-the-hire-road

Poor trailer space utilization continues in 2023

Study highlights nearly half of truckloads in 2023 moved partially empty

(Source: Flock Freight)

Flock Freight recently released its yearly study, which looks at how market conditions are affecting the industry in partnership with Drive Research. The report is based on survey data that included 1,000 transportation decision makers from various industries. The study found that underutilized trailer space remained an issue in trucking, and continues to persist, finding 43% of truckload moving...

https://www.freightwaves.com/news/poor-trailer-space-utilization-continues-in-2023

Amid high costs, carriers can find ways to do more with less

Carriers find themselves in a hard place: The operating costs are increasing as the market for their services diminishes.

With rising fuel costs sinking truckload spot rates, carriers are seeing their margins disappear before their eyes. In fact, gaining an advantage in any aspect seems nearly impossible. In the market to buy a truck? Think again.

In July 2020, $54,000 would buy you a 3-year-old used truck, but not anymore. You’ll now have to fork over $140,000 today, according to ACT Research. 

https://www.freightwaves.com/news/amid-high-costs-carriers-can-find-ways-to-do-more-with-less

How leading fleets are battling labor and trailer challenges

Keeping supply on pace with demand is a never-ending game for logistics providers. The game, however, is becoming increasingly difficult.

Supply chains are facing a major problem: Demand is surging, but supply is shrinking. The squeeze on resources has left many doing more with less, making trailer management an even harder task — one that calls for greater trailer visibility, but most importantly, expertise.

“The best in the game are running at about 80% [trailer] utilization,” Francis Roy, vice...

https://www.freightwaves.com/news/how-leading-fleets-are-battling-labor-and-trailer-challenges

Maximizing trailer utilization: Why is it so hard?

Empty trailers

Earlier this month, the U.S. Postal Service Office of Inspector General (OIG) found that the Postal Service spent an average of $472,744 per month from January 2019 through March 2020 on idle trailers.

“Management needs to improve its monitoring of leased trailer utilization to ensure underutilized trailers are returned or relocated,” according to the OIG’s audit.

The watchdog found the Postal Service leases 76.7% of its trailers and owns the remaining 23.3%. Under Postal Service policy, any...

https://s29755.pcdn.co/news/maximizing-trailer-utilization-why-is-it-so-hard

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.