Fleets see strong quarter by managing capacity

Trucking companies were able to see slight improvements in their earnings during the second quarter because of increases in carrying rates.

In general, carriers have managed to improve their outlooks with tight management of assets and capacity. FleetOwner noted that freight volumes fell slightly during the quarter, which will place additional pressure on trucking companies to improve order fulfillment issues for their clients.

The industry faces a number of challenges in the near future, including a potential driver shortage. This will increase pressure on organizations to manage their supply chain networks to control costs. There will be additional pressure to streamline inventory and manage capacity as carriers charge higher rates. 

"Reduced empty miles and higher revenue per loaded mile contributed to an improved operating ratio," Douglas Stotlar, CEO of Con-Way, told FleetOwner. "We remain focused on operational excellence and premium service as our foundation for further margin expansion."

Improved inventory tracking technology is allowing organizations to manage logistics assets. Accurate management of freight in route has improved ordering procedures and reduced the need for costly inventory adjustments. As fleets struggle to overcome challenges in the industry, tight management of trucking capacity will be needed to remain competitive.

Related Information






    File Under: Transportation | Transportation