The "Analysis of Telematics in the European Vehicle Leasing and Rental Market" report has been added to ResearchAndMarkets.com's offering. This study sheds light on the market size and provides parc
Freight boom is not without downsides for carriers
Driver recruiting issues are limiting growth while costs of operating grow once again
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Chart of the Week: Insurance Expense % – Dry Van Company and Leased Fleet, Driver to non-Driver Ratio – Dry Van Company and Leased Fleet SONAR: INSURE.VCFOO, DRRAT.VCFOO
Driver recruiting problems are limiting carrier growth while the cost of operating is growing at a faster rate than ever. A similar scenario played out at the end of the 2017-18 freight boom. Cost inflation from insurance, maintenance, equipment and wages lasted beyond the yearlong freight boom that saw spot rates surge to all-time highs for an unprecedented amount of time. Capacity flooded the space and demand ceased to grow as the overstimulated market took a breath. With a similar scenario playing out in 2020-21, carriers need to be mindful of the lessons of the past.