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Redwood Logistics SVP Named a Cold Supply Chain Leader by Food Logistics

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Redwood Logistics SVP Named a Cold Supply Chain Leader by Food Logistics

Redwood Logistics, one of the fastest growing logistics companies in North America, today announced that Brad Kosner, SVP of Business Development, has been recognized by Food Logistics as a ‘Rock Star of the Supply Chain’ for his achievements and vision in shaping the global cold food supply chain.

Through Kosner’s leadership, Redwood’s multimodal brokerage team was a reliable partner for customers looking to overcome significant disruption, including early 2022 carrier capacity crunches, which placed immense pressure on distributors to deliver on time. This obstacle was further complicated for food shippers due to limited availability of cold shipping options. Leveraging Redwood’s strong carrier relationships and technological solutions, customers were able to meet capacity limitations head on and uncover hidden efficiencies to exceed shipping expectations while remaining profitable.
 

Kosner has served in a variety of leadership roles with Redwood since joining the company in 2002. His recent accomplishments earning him this award include accelerating Redwood’s digital freight brokerage growth to overseeing 100,000 annual loads, establishing a “3PL Captaincy” to handle all non-asset moves for a new customer’s distribution center in Texas and opening a 300,000 sq. ft. warehouse for a shipper in California.

Food Logistics editors selected winners for being actively involved in understanding customers’ needs, creating solutions, ensuring the safe transport of cold food and beverages and adopting sustainable measures.

For a complete list of winners, visit https://foodl.me/5rwho7.

baltimore import mach electronic shipping route import 7LFreight Expands Instant Cargo Pricing and Booking for North American Forwarders Across Both Air and Trucking  import container descartes automation baltimore bridge container freight global trade

Depots Overwhelmed; Supply Chain Professionals Optimistic for a Rebound in Container Prices

Container xChange, an online container logistics company, published its March container market forecaster today. While most industry participants foresee container prices reviving in the coming months, we see the Container Price Sentiment Index (xCPSI) recording a positive value by the beginning of March 2023.

Historically, around 2700+ industry professionals have participated in the sentiment analysis surveys since February where Container xChange asked for their expectations on container price development in the coming times.

These repeated surveys form a crucial element of the Container price sentiment index (xCPSI) which indicates how shipping professionals worldwide are viewing container prices to develop in the coming times. The positive trend that we see since the last three recordings indicates that the industry expects container prices to improve soon, thereby reviving confidence.  

Excess containers causing depots to run on 90% utilization 

“We learn from many customers of Container xChange that the demand for containers is still there, just that the supply is overshooting the demand. Due to this, we see ripple impacts like for example, depots working on max capacity (Depots in China for instance working on 90% utilization) and therefore, not being able to accept new clients. This is a global phenomenon now. And that is a struggle for the NVOCCs and shipping lines who want to open new markets.” inferred Christian Roeloffs, cofounder and CEO of Container xChange.  

Container xChange provides a marketplace, an operating infrastructure, and a layer of services like payments to container logistics companies globally.

Oversupply of containers has caused depots to run on almost 90% utilization in countries like China which makes it difficult for depots to move the containers around and eventually makes depots less efficient. To put context, depots earn on handlings (gate movements) and not so much on storage. So, this development is also more painful for them in terms of contribution to operational inefficiencies than a contribution to revenue.

Commenting on the state of depots currently, Agnieszka Polejewska, Container Depot Department Coordinator, Langowski Logistics company based in Poland shares with Container xChange, “For inland containers, we do not see many containers on the yards. The production of new containers and their expanse on the ports in Europe and the USA can be overwhelming, as there are still a lot of old containers.  But the production was, is and will be still working, as old, heavily used containers must be replaced. We must wait it out till the end of the Q1 of 2023 to see how this situation is developing because of so many disruptions in our industry.”

Shipping Lines and Leasing Companies holding inventory 

We have also observed that the leasing companies and shipping lines are holding their containers longer than they would normally. They are deploying a wait-and-watch strategy hoping that prices will stabilize. Sell-offs are also not happening yet because the leasing and shipping companies have a free storage agreement with the depots. So, they don’t feel the storage fee pain and hence, wait and see until the prices stabilize.

We do think that container selloffs will intensify into the Q2 or the second part of this year because depots will run out of space, prices will continue to erode, and shipping lines and leasing companies will need to sell off some of that stock so the volume of second containers and trading will increase in future and will further drive down the cost.

Friendshoring is happening 

As geopolitical risks intensify, global economies are working towards diversifying their production, manufacturing, and container sourcing. The forecaster affirms that according to industry research, friend shoring is happening.

On the topic of diversification of trade lanes, Christian Roeloffs, cofounder and CEO, of Container xChange comments, “The process of diversification has already started. Since this is a long-drawn process, we are yet to see visible signs of this in the trade patterns. But we see an uptick in intra-Asia trade. In the future, the larger trades will suffer a demand decrease so capacity needs to be adjusted towards regions with more sticky demand and more stable rate levels. Supply chains will need to be more resilient in the coming years. These relocation strategies will effectively reduce reliance on one production and supply chain hub to a more diverse, smaller trading pattern.”

“For logistics stakeholders, there are more fragmented value chains to be dealt with, more growth to be discovered worldwide, and ultimately, we expect a broader base for business. This could be unleashed by the right set of data and insights to create a better ecosystem for companies.”

For more on container logistics industry developments, download the full report ‘Where are all the containers’ from here

About Where are all the containers (Container xChange’s monthly container logistics report) 

Container xChange sits on a very large set of data on container trading and leasing. This allows us to have visibility into container movements, container prices, leasing rates, and container availability. The report helps our industry participants to access insights which can help in more informed business decision-making for container logistics companies worldwide.

With this report, we give a monthly glimpse of the data-based trends that impact container logistics companies, shipping, and related industries. We also bring forward valuable insights for users and suppliers of shipping containers as well as update them about the average prices of the 20ft, 40ft and 40 ft HC containers, pick-up charges for one-way moves, and the Container Availability Index (CAx) of key ports. Our analysis is based on global news research, extensive primary and secondary market and industry research. Our proprietary data tool for visibility- ‘Insights’ helps us arrive at faster data discovery and trends arrival. For more on insights, click here

blockchain

Blockchain in Telecom Market to Grow 74.8% CAGR, Hit US$ 80 Billion by 2033

The global blockchain in telecom market is set to garner US$ 80 billion by 2033, booming at 74.8% CAGR from 2023 to 2033.

The telecommunications industry is well-known for reinventing itself. Fixed landlines were the primary product of telecom companies in the initial periods; however, with the introduction of the mobile phone, this shifted to mobile subscriptions and SMS (Short Message Service). In past years, many telecom firms’ primary revenue source has shifted from calls to data, necessitating another shift in their business model. With every firm becoming a data organization, there are huge prospects for the telecommunications industry to reinvent itself once more, thanks to blockchain.

A blockchain is a public electronic ledger distributed to shareholders in a network that records all transactions between two or more parties. Telecom firms can use blockchain technology to improve data integrity, security, inspection, and fraud prevention.

One of the primary aspects driving market expansion is growing security concerns among telecom enterprises around the world. Blockchain in telecom offers greater security by encrypting all transactions with cryptography. Furthermore, the growing need for smart contracts is propelling market expansion. Blockchain is extensively utilized to automate the implementation of an agreement with preset conditions.

Moreover, technological improvements such as the incorporation of AI and the IoT with connected devices are boosting market expansion. These technologies allow smart devices to transmit data while also creating tamper-proof records of shared transactions. Other reasons, including the incorporation of blockchain solutions for the development of 5G technology and the expanding use of blockchain-centered mobile wallet payments, are expected to propel the market forward.

Key Takeaways from Market Study

  • The global blockchain in telecom market is valued at US$ 300 million in 2023.
  • The market is forecasted to surge ahead at a CAGR of 74.8% during the forecast period (2023 to 2033).
  • The market for blockchain in telecom is predicted to reach US$ 80 billion by 2033.
  • The North American market is estimated to expand at a CAGR of 46.02% from 2023 to 2033.
  • The smart contracts segment is expected to witness significant growth over the next ten years.

“Blockchain technology uses strong encryption to record & store data on networks in a more safe and verifiable manner. It makes the data transparent and tamper-proof. As a result, blockchain technology is predicted to assist various telecom firms in improving network security and lowering operational expenses,” says a Fact.MR analyst.

Competitive Landscape

The blockchain in telecom industry is highly consolidated with only a few major players providing blockchain solutions across the telecommunications industry. The vendors are also receiving funding from investors, which will aid in the development of innovative blockchain services.

  • Tech Mahindra and telecom analytics solutions supplier Subex collaborated in November 2022 to roll out blockchain-centered solutions worldwide for telecommunication operators. By reducing overall compliance difficulties, these solutions would reduce fraud and increase operational efficiencies for communication service providers (CSPs).
  • Trai planned to introduce new blockchain technology to limit spam calls and texts in November 2022 in partnership with TSPs. The organization is developing several technologies, including blockchain technology, to identify spam calls and texts. In addition, the regulator is forming a joint committee of regulators (JCOR) comprised of Trai (the Telecom Regulatory Authority of India), MoCA (the Ministry of Consumer Affairs), SEBI (the Securities and Exchange Board of India), and RBI (the Reserve Bank of India).

Regional Analysis

North America is leading the global blockchain in telecom market. The United States is contributing substantially to the regional market due to the presence of major blockchain technology providers in the country. Moreover, Asia Pacific and Europe are following North America in terms of development.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global blockchain in telecom market, presenting historical demand data (2018 to 2022) and forecast statistics (2023 to 2033).

The study divulges essential insights on the market on the basis of provider (infrastructure providers, application providers, middleware providers) and application (OSS/BSS processes, identity management, payments, smart contracts, connectivity provisioning, other applications), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

usmhp

USDOT Announces more than $12 Million in Funding for the U.S. Marine Highway Program

The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced a Notice of Funding Opportunity making $12,423,000 available in Fiscal Year 2023 funds through the United States Marine Highway Program (USMHP), previously named America’s Marine Highway Program.

The USMHP seeks to increase the use of America’s navigable waterways, especially where water-based transport is the most efficient, effective, and sustainable option. The USMHP helps to create maritime jobs, strengthen the nation’s supply chains, reduce emissions, and lower maintenance costs.

The Department will evaluate projects using criteria including the effect on movement of goods, level of non-federal funding investment, use of domestic preference, consideration of equity, and environmental justice. The Department will also consider geographic diversity when selecting grant recipients, as well as how the project addresses challenges faced by rural areas.

Applications must be submitted through Grants.gov by 11:59 p.m. EST on April 28, 2023.

For technical assistance, MARAD will host a series of webinars during the USMHP grant application process. For webinar registration details or for additional information regarding the USMHP click here or contact the USMHP staff via email at mh@dot.gov, or by phone at 202–366–1123.

Nissan Ariya electric vehicle

Nissan Plans Supply Chain for Electric Future

Assuming that the automotive supply chain will return to its pre-2020 profile is dangerous. Change is happening even faster than the vehicle manufacturers had planned for. Nissan for example has just been discussing the future of its supply chain architecture as part of what it calls its “Ambition 2030”. This outlines what the Nissan product line-up will look like.

The latest announcement is that “Nissan will increase the number of models to meet the growing needs of customers for exciting and diverse electrified vehicles, introducing 27 new electrified models, including 19 new EVs, by fiscal year 2030. As a result, the electrification mix across the Nissan and INFINITI brands by 2030 is projected to increase to more than 55% globally, up from the previous forecast of 50%.” For Europe the figure is even higher with 98% of vehicles to be electric vehicles (EV).

In discussions with journalists, Ashwani Gupta, Nissan’s Chief Operating Officer commented that these ambitions meant that the company would need to augment its existing production EV production at the plant in Smyrna, Tennessee with new capacity to build electric drive-trains at the neighbouring plant at Decherd.

Nissan is also looking for a second battery plant to complement its existing supplier Envision AESC, which also has a battery production facility in Smyrna. This might be the new plant that Envision AESC is building in South Carolina partly designed to serve BMW production at Spartanburg. Part of the logic behind these announcements as they affect the US is to manage the impact of the Inflation Reduction Act. This is designed to force companies such as Nissan to build both whole vehicles and components in the US rather than importing them.

What this example from Nissan illustrates is that the EV supply chain is being conceived of by large vehicle manufacturers within a similar architectural concept as the internal combustion supply chain, with the power-train production capacity neighboring the assembly facility. Presumably this means that the types of logistics services that Nissan will require will not be too different either, with capabilities such sequencing and line-feed co-ordinating the flow of components into and around the assembly plant. Major components will be moved from the suppliers by road freight. The EV supply chain also looks remarkably local. How sustainable? This is a good question.

moving company labor

How to Manage a Moving Company

A moving company arranges for the transportation of goods, utilizes for-hire carriers to provide actual track transportation, helps people move their goods from one place to another, and offers services like loading and unpacking. Chances are, you already know all of this because you may have started your own moving company. But do you know how to manage one?

Managing a moving company is a complex task. It demands attention to detail, careful planning, organization, and effort. Here are some key pointers when it comes to managing your business:

  • Recruit and Train Competent Staff
  • Cultivate Sustainable Processes 
  • Invest in Appropriate Equipment
  • Prioritize Customer Service
  • Execute Efficient Marketing Strategies
  • Be Up to Date

You need plans and procedures for managing a moving company. Read on for the details on how to manage a moving company.

Recruit and Train Competent Staff

Employees are the backbone of your company. You need to hire personnel who are appropriate for the job. 

Due to the physical nature of the job, your staff must be in good physical strength to meet the demands.

Your employees will be responsible for the care of your client’s items. Employees need to be mindful of taking care of important items. You’ll want a staff that you know you can trust to do the job efficiently but carefully.

Since they will interact with clients, your staff should have good people skills. They should be friendly, courteous, and professional.

Cultivate Sustainable Processes

An established moving workflow and processes for pickups and deliveries will make for smoother, more efficient jobs.

Training all of your staff to know and fully understand these processes is a big part of successfully managing a moving company.

No one likes to be overworked, so make sure you are managing the business’s calendar appropriately by not taking on more jobs than your staff is capable of handling. If managing a calendar is something you struggle with, there are softwares available to make that part of managing your company easier. Supermove has an excellent, user-friendly software for movers like Supermove..

Prioritize Customer Service

Train your staff to prioritize customer service and provide high-quality service.

Handling inquiries of customers must be at the top of your list, as it helps your company’s image. Ensure your team is always polite and respectful to your customers and address any concerns or complaints promptly and professionally.

Managing Business Growth through Marketing 

Everyone wants their business to continually grow and succeed. Managing your business growth through marketing is an important part of making sure your business succeeds. 

Have a strong online presence. You can create an optimized website that is easy to navigate, informative, and visually appealing and use social media to advertise your business.

Utilizing online advertising, such as Google or Facebook Ads, isn’t the only way to manage your business growth.

  • Offer referral discounts and loyalty rewards
  • Create valuable content (blog posts, videos, or infographics about helpful tips and advice for moving)
  • Partner with other businesses (real estate agents, storage companies, home renovation businesses)
  • Attend local events (trade shows, fairs, or community events)

Be Up-to-Date

Be competitive in the evolving moving industry, and keep your moving company up to date by:

  • Using technology to streamline your operations
  • Train your employees on the latest techniques, equipment, and safety procedures
  • Monitor customer feedback to identify areas for improvement and improve your company image
  • Update equipment as needed
  • Offer new services (packing, storage, cleaning) to bring more value to clients
  • Implement eco-friendly and sustainability practices (recycled packaging or electric moving vehicles)
  • Follow laws and regulations related to your service and moving industry.

Successfully Manage Your Moving Company

A successful moving company is more than a fleet of vans and trucks. One of the best ways to make managing your moving company easier is by using software built specifically for moving companies. Management incorporates all aspects of your company, from recruitment and training to having sustainable processes and prioritizing customer service. 

Utilizing the tips provided in this article will put your business on the right path to becoming one of the top rated moving companies.

safety

Locomotive Engineers Are Onboard for the Bipartisan Rail Safety Act of 2023

The Brotherhood of Locomotive Engineers and Trainmen (BLET) backs the Rail Safety Act of 2023 that would require more stringent rail safety standards, but the nation’s oldest union says the two-person crew requirement doesn’t go far enough and should be amended.  “You can run a freight train through the loopholes,” says BLET National President Eddie Hall.

A bipartisan bill introduced on March 1 by three Republican and three Democratic senators is designed to toughen safety standards on America’s railroads. “Right now our nation’s railroads largely self-regulate,” said Brotherhood of Locomotive Engineers and Trainmen National President Eddie Hall. “We welcome greater federal oversight and a crackdown on railroads that seem all too willing to trade safety for higher profits.”

The Rail Safety Act of 2023 would set limits on train length for the first time. Some freight trains now exceed three miles in length. The train that derailed last month in East Palestine, Ohio was nearly two miles long. The bill also seeks to place restrictions on the weight of trains. It would set standards for railcar maintenance, track maintenance, wayside defect detectors and raise standards for tank cars carrying hazardous materials, among other changes.

While the proposed legislation states that: No freight train may be operated without a 2-person crew consisting of at least 1 appropriately qualified and certified conductor and 1 appropriately qualified and certified locomotive engineer, the exceptions are significant.

fuel

Propane Now Reducing Emissions Through Recharging Infrastructure

The dual-purpose standalone fueling system from Propane Fueling Solutions provides fleets with reliable solutions whether they refuel with propane autogas or need to recharge using a propane-powered microgrid

After decades of reliably providing fleets with a clean energy solution, propane is now reducing emissions along the path to zero even further by providing a significantly less expensive and cleaner recharging solution. The new portable dual-purpose standalone fueling system from Propane Fueling Solutions allows fleets with various alternative fuel vehicles to refuel with propane autogas or recharge with DC level 3 fast chargers independent of the grid.

The skid infrastructure combines an efficient 60kW propane generator with wind and solar power to create a microgrid that allows fleets to affordably implement a drop-in charging solution. The skid also includes a refueling station for propane autogas vehicles.

For light commercial microgrid (<100kW generation system) applications, propane fuel cells can lead to near-zero nitrogen oxide (NOx) and carbon monoxide (CO) emissions, as well as a 24 percent reduction in carbon dioxide (CO2) emissions. Propane fuel cells are also cost-competitive with diesel generators.

Compared to traditional EV charging infrastructure, the skid solution is significantly less expensive than traditional EV charging infrastructure because it doesn’t require the same site prep, permanent housing, or other costly charges that are incurred with permanent infrastructure. According to Propane Fueling Solutions, the skid cuts costs by as much as 75 percent or more. Because of its affordability, the dual-purpose standalone fueling system allows fleets to try both propane autogas and electric vehicles—and learn about the capabilities and limitations of multiple energy sources—without making costly infrastructure investments.

The dual-purpose standalone fueling system will be on display in PERC’s booth (#353) at the NTEA Work Truck Show, March 7-10, in Indianapolis, Indiana. Attendees who visit the booth can learn more about the ease of refueling or recharging with the infrastructure through guided demonstrations of the new technology.

Propane Education & Research Council (PERC)

The Propane Education & Research Council is a nonprofit that provides leading propane safety and training programs and invests in research and development of new propane-powered technologies. PERC is operated and funded by the propane industry.

destination

Common Problems Shippers Face At Destination

If you want your business to thrive, you need to be able to plan for anything, including at-destination problems. We’ve compiled a guide on the common problems shippers face at destination.

Cargo weight limits and specifications

Interestingly enough, one of the common problems shippers face at destination is cargo weight. That comes in two different flavors, making things a bit more complicated for shippers. First, there are times when the container’s weight does not match the submitted paperwork. That can make it impossible for the cargo to transfer because of the allowable road weight limit, the ‘risk’ wrong papers carry, or simple limitations on the equipment required to handle cargo above a certain weight. The second problem is if the cargo is unevenly distributed in the container. That can cause many issues when moving the load out of the truck or vehicle. That, in turn, often leads to damage. And you don’t need to be well-versed in global trade to understand why that’s horrible for business. 

Damaged or missing cargo

Speaking of damaged cargo, or even outright missing cargo, it’s the next of the common problems shippers face at the destination on our list. When you are shipping cargo internationally, the reality of the situation is that it’s easy for it to sustain damage. Even if you take all the necessary precautions, that can still happen to you. And naturally, this can also make your entire shipment worthless. Damaged cargo is especially common when doing LCL shipping, as your cargo shares space with other people’s cargo within a container. Businesses do this to reduce expenses when they don’t have enough load to justify renting an entire container. That is also the most common scenario when your cargo can go missing, not because of any malicious theft but because it can easily get mixed up with other people’s cargo.

Problems with paperwork

While uncommon, your paperwork can be mislabeled, misplaced, or lost. Of course, losing a document is very difficult in the age of digital paperwork. But one such example that can happen is Bills of Lading. The original copy of the Bill of Lading is essential. And it is crucial to release your shipment on time and without hassle. It is best to ensure it is only handled by reliable channels and with great care. And this isn’t the only piece of paperwork that you need to worry about when you do international trading!

Customs taxes, duties, and penalties

Two primary sources of additional taxes, duties, and penalties are associated with common problems shippers face at destination. First, there’s the fact that shippers must comply with all the regulations related to importing cargo. If they fail to do so, they incur fines and penalties that cut into your profits. The second potential source of these troubles is limitations on goods by certain countries. Your goods may be outright contraband or require special permits. That is, of course, something you need to worry about ahead of time. So long as you carefully check the list of banned or restricted goods and prepare the required paperwork for all the needed goods, you should not have to worry about this coming up!

The cost of delays

Delays are insidious killers of profit. They are both common problems shippers face at their destination and are easily among the most expensive ones to take care of. First, because you are bound by contract to make deliveries of goods on time, you can alleviate that by planning for delays to an extent. However, due to the various problems with customs, paperwork, etc., which we’ve already covered or will cover, you can even go over these ‘generous’ promised delivery times. And then there are the fees you might need to pay for going over your rental period for the containers your goods are in. These pile on the expense delays imposed on you and further cut your profits. That is why you need to do everything you can, such as reducing truck detention times as much as possible.

Customs clearance

Customs clearance is a source of two different potential problems at the destination. First, of course, is the delay that a thorough customs check would impose on your shipment. It is not common for your goods to go through a thorough customs check. But it can and will happen if you regularly export or import. You completely counter the second problem through simple good judgment and full disclosure of complete shipment information. And it’s carrying goods that are not on your papers. That gets you in trouble with the customs officials, and you can bet that your shipments will be a target for detailed inspection for a long time.

Holiday-related delays and challenges

The final of the common problems shippers face at destination is, ironically, holidays. You must understand that when making international trade, export or import. You must account for the culture of the countries you work with and your own. Your well-planned delivery schedule can be thrown off because your shipment needs to pass through a country when it’s celebrating a national holiday and everything is closed. Planning for everything the first few times is annoying and stressful. But, once you’ve all the significant holidays marked out and noted in your schedule, they become a matter of routine. To get around the issue, you can use some methods to alleviate warehousing and fulfillment stress, such as smaller, faster shipments. 

Success through proper planning for at-destination problems

As long as you know the common problems shippers face at destination, you can plan for them and find ways to resolve them quickly. That is why planning is always crucial for anyone who wants to do international import or export.

Author Bio

James Buckley worked as an export and shipping analyst before changing his focus to analyzing moving trends and data. James now works closely with usamovingreviews.com experts.

trucking

Market Report Identifies Hiring and Sales as Top Challenges in Trucking Heading into 2023

Survey fielded by Rose Rocket finds leveraging technology to impact key challenges found to be a top 3 investment for both carriers and brokers

Rose Rocket, a market leader in cloud-enabled TMS software, today announces the release of its market research report featuring proprietary research data, market data, and aggregate Rose Rocket TMS usage data to inform a comprehensive outlook on trucking industry trends. A proprietary survey was fielded to carriers and brokers aiming to identify their experienced challenges and approaches to solving them, the industry’s most time-consuming tasks, top investments, top technology used, and the leading industry news and research sources.

Between labor shortages, global supply chain disruptions, and skyrocketing fuel prices, the trucking industry has experienced unprecedented volatility since the pandemic began. 53.5% of respondents from both carriers and brokers found hiring and retention to be a top challenge heading into 2023. While carriers are projected to face higher employee churn than brokers, turnover is not isolated to drivers. Aggregated product use data shows an increase in turnover in broker organizations, suggesting that companies are facing retention concerns in all positions, including sales and back-office.

Of the survey respondents who called out hiring retention as a top challenge heading into 2023, 36% felt that improving hiring programs is the preferred approach, 18% felt improving company culture would help, while 11% opted for improving pay and incentives. While the transportation industry has certainly felt the impacts of COVID and economic uncertainty, many of the top challenges have remained constant from pre-pandemic times.

In 2023, inflationary pressures and reduced market demand are significant considerations for sales teams. When asked how they plan to remedy slower sales amid market volatility, 29% of respondents feel that acquiring new customers through cold calling is the top approach to building business, followed by 18% feeling that better communication with existing customers will increase revenue, and nearly 10% are looking to retain current customers through improved service performance.

The resulting analysis provides a benchmark that teams can use to measure themselves against, understand the current market conditions, inform future technology decision-making, understand challenges with companies of various sizes, and better plan future technology investments.

Click here to access the entire Challenges, Trends & Technology In Trucking: 2023 Outlook Report.

About Rose Rocket

Rose Rocket is a leading provider of enterprise-grade transportation management software (TMS) for trucking companies and 3PLs. Its network-driven TMS allows trucking companies to leverage their network of drivers, customers, and partners to unlock visibility and capacity. Additional product offerings include industry-leading driver mobile app, customer and partner portal technology, and an open architecture that allows for native integrations, EDIs, APIs, and more.

With Rose Rocket, trucking companies and 3PLs add efficiency and automation at every step of the transport process, allowing for growth through network optimization. Rose Rocket operates in the United States and Canada, catering to carriers and brokerages that have LTL, FTL, hybrid, and multi-division service offerings. Rose Rocket is proudly headquartered in Toronto.