The transportation industry involves knowing specific laws and rules to ensure companies deliver products to their customers safely and efficiently. Here are some important aspects of the transportation industry and various industry trends to look out for.
Understanding Transportation Industry Trends
The economy and industry trends directly impact the transportation industry. Firstly, last-mile efficiency expects to increase substantially in upcoming years, as it’s the final leg of proper transportation directly to the consumer’s door. Furthermore, one of the biggest trends is adopting cloud-based systems, which can achieve higher profits.
Moreover, a trend for public and commercial transport companies requires staying up-to-date on any changes. Regulations regarding safety rules, timely monitoring, overtime, and electronic logbooks will always come with changes and adoptions. There’s also an increase in anti-theft GPS systems to receive real-time locations of entire transportation fleets, increasing safety protocols to avoid losses.
Key Factors Impacting the Industry
Many key aspects impact the transportation industry, such as tightened budgets, technological developments, lead time, and more.
One key factor impacting the industry is the need to improve the workplace to benefit both the drivers and carriers. The transportation industry has provided drivers with facilities that encourage team communication, show drivers respect, and improve work. There’s also a focus on making load times more efficient and giving drivers breakrooms, thus building stronger relationships between carriers and drivers.
Department of Transportation Regulations
The Department of Transportation, or DOT, is a government agency that regulates transportation in the United States. DOT regulations impact transportation companies in different ways, such as safety compliances, rules, and regulations. Their safety compliance requirements consist of following FMCDA guidelines, meeting safety regulations, and more.
DOT regulations apply to commercial motor vehicle operators. The impact of the DOT on transportation companies is significant, as it ensures the efficiency and safety of industry workers. The National Highway Traffic Safety Administration and the FMCSA focus on decreasing deaths, injuries, and economic losses and improving safety for commercial motor operators.