Unsatisfied drivers will be poached by competitors
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Good morning, TGIF! 😎
It’s a tight labor market out there for truck drivers, and companies are scrambling to fill the seats in their fleet. But poaching drivers off of competitors isn’t anything new… it’s just more common today than ever before. Trucking companies need to prioritize keeping their workforce healthy to avoid drivers parting ways.
Check out today’s featured article from Transport Dive for the down-low on why so many drivers are being poached by competitors, and exactly what your trucking company can do about it. ☕️
Not Funny Laughing GIF By DAF Trucks NV via GIPHY
Featured Article:
Driver poaching becomes more common in tight labor market | Transport Dive
“Carriers need to stay wary of losing their own workforce to competitors and incentivize drivers to stay.”
Water Cooler Topics
💊 The pharmaceutical industry is facing a $35 billion supply chain problem. One of the largest failures lies in temperature-controlled logistics issues, due to a severe lack of cold-chain logistics solutions. Industry leaders cite a lack of detailed information required to meet the standards necessary to manufacture, transfer, and distribute therapeutics and drugs to the patient. The pharmaceutical supply chain seems to be suffering from a lack of clarity among its components.
📶 Wireless 5G tech is the star of the show at a US Naval base in San Diego. Using an AT&T data network, the U.S. Department of Defense (DoD) is demonstrating “smart warehouse” solutions with the project. implementing a private 5G network is meant to enhance the capabilities of the military’s virtual and augmented reality, cybersecurity, and video surveillance.
🚛 Arkansas I-30 bore witness to a multi-vehicle wreck, involving several 18-wheelers on Wednesday afternoon. Three people were killed in the accident. Arkansas State Police spokesman Bill Sadler advised that the wreck seems to have been weather-related, as thunderstorms clouded the area of Southern Arkansas that afternoon. The westbound lanes remained closed through Thursday as the clean-up continued.
Flexport cargo insurance strategies may be the answer to your concerns
Cargo insurance is essential when it comes to ensuring some security during such trying and uncertain times for the supply chain. Flexport claims that 80% of shippers are underinsured in today’s market, and the risks are substantial.
Shippers moving unique loads should consider scaling their insurance to meet the exact needs of their customers. Regardless of how strong a relationship is with a carrier, shippers should always get insurance coverage on their loads.
A “strong safety culture” is necessary for driver retention, according to supply chain leaders
At the 2022 TCA Safety & Security Meeting, panelists explained the need for better safety programs and culture for drivers in the field. However, the program shouldn’t come from outside of the organization.
CEOs on the panel argue that an in-house developed safety program would go hand-in-hand with enhancing the culture of the company. Drivers would not only understand that they are appreciated, but that they are also part of the community in the company.
Driver Issues 🚛
“The new younger-driver pilot program and other steps to address the truck driver shortage were a key topic during Robin Hutcheson’s nomination hearing on June 8 to be administrator of the Federal Motor Carrier Safety Administration.”
Truck parking emphasized during House hearing - Land Line
“The national truck parking crisis was addressed during a U.S. House of Representatives hearing discussing roadway safety, reigniting optimism that the federal government will dedicate funding exclusively for projects adding parking capacity.”
I've Got My CDL - Now What? (womenintrucking.org)
“We often hear, “I’ve just obtained my CDL, but I don’t know where to start.” It can feel overwhelming starting the next phase of your trucking journey, such as finding the right employer.”
Trade & Border Issues 🗺
China Export Boom Fades as Buying Shifts, Cheap Rivals Gain | SupplyChainBrain
“After two years of record exports, Chinese manufacturers are turning downbeat as consumers in their biggest markets curb spending and Covid lockdowns drive customers to competitors in the region.”
“United States-bound retail container import volumes are expected to approach near-record volumes against the backdrop of retailers striving to meet ongoing strong demand levels and also hedging against potential West Coast port labor disruptions, according to the new edition of the Port Tracker report, which was issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.”
EU Nations Warn Brussels Over Crisis Plan for Supply-Chain Gaps | SupplyChainBrain
“Nine European Union member nations warned the bloc against overstepping its authority when it offers later this year a new plan to protect the bloc’s supply chain during crises, according to a letter obtained by Bloomberg.”
TMS 🖥
Logistics Software: How to Make Handling Peak Times Easy - Logistics Viewpoints
“During the summer months, in one sector the demand for sun cream explodes while in another, it’s the demand for mineral water.”
Business Strategy 💡
A New Fix for Broken Supply Chains? - Inbound Logistics
“Less-than-truckload (LTL) are prone to delays, damages, and inefficiencies finds new data from Drive Research and Flock Freight.”
FMC Launches New Initiatives to Help Shippers with Supply Chain Challenges (gcaptain.com)
“The U.S. Federal Maritime Commission is launching three new initiatives aimed at assisting U.S. shippers and improving performance in the ocean supply chain.”
Modern supply 'about talent as much as tech' - Accenture | Supply Chain Digital
“Accenture says that too many organizations who are transforming their supply chains are focusing on the technology involved rather than the strategy skills their people are now able to focus on, thanks to the heavy lifting done by technology.”
The right information leads to better inventory management | FleetOwner
“Not having the right parts in your inventory could spell disaster, especially when you consider that a day of downtime costs a fleet $800 to $1,000.”
It's getting worse for small business owners: Sonoma Fit founder | Fox Business Video
“Sonoma Fit founder and CEO Adam Kovacs discusses the challenges small businesses face as inflation continues to sweep through the country.”
Artificial Intelligence 🤖
“Action continues hot and heavy in terms of self-driving or autonomous trucks, with tests now having been conducted in at least 28 state.”
Fuel Tech ♻️
Fleets share impressions of zero emissions vehicles | Commercial Carrier Journal (ccjdigital.com)
“This year's Advanced Clean Transportation Expo in Long Beach, California saw more zero-emission vehicles (ZEV) and fleets than ever before.”
Fleet Advantage releases paper on alternative energy for Class-8 vehicles - TheTrucker.com
“Fleet Advantage released its latest industry white paper addressing “The Future of Heavy-Duty Trucks; Building a bridge to alternative energies for U.S. long haul transportation – the backbone of our national supply chain” to celebrate World Environment Day on June 5.”
Hydrogen Pushed to Starring Role in Energy Future | Transport Topics (ttnews.com)
“The U.S. Department of Energy is pushing itself, academia and industry to come up with ways to make and distribute clean hydrogen at a price low enough to boost it into a starring role as the primary alternative fuel of the future.”
Inflation 💸
Recession will hit in first half 2023, the Dow is headed lower: CFOs (cnbc.com)
“Amid high inflation that has become the No. 1 business risk, not a single chief financial officer surveyed by CNBC thinks a recession can be avoided.”
Janet Yellen: Stimulus spending contributed only modestly to inflation | CNN Business
“Treasury Secretary Janet Yellen on Wednesday defended the Biden administration's 2021 stimulus package against criticism that it is to blame for high inflation.”
Electric Vehicles 🔋
Volkswagen looks to build new EV facilities in the U.S., exec says (cnbc.com)
“Volkswagen is “actively” looking to establish new assembly and battery facilities in the U.S., Volkswagen of America CEO Scott Keogh told CNBC on Wednesday.”
FHWA Releases Guidelines for EV Charging Stations | Transport Topics (ttnews.com)
“The Federal Highway Administration on June 9 released the blueprint for states to follow to develop the 500,000 charging stations that are key to the Biden administration’s goal of switching Americans from gasoline- to electric-powered vehicles.”
Industry Forecast 📊
Reshoring Now: Boom or Bust? - Inbound Logistics
“The 2021 Reshoring Index from global consulting firm Kearny reports US companies are relying more heavily on manufacturing from low-cost countries (LCC), but sentiment is quickly changing.”
Watch: Time for a Paradigm Shift in Supply Chain Management | SupplyChainBrain
“Just-in-time and Lean inventory strategies might have served their purpose in the past, but supply chains today are shifting their collective mindset to brace themselves against unanticipated disruptions, says Christine Barnhart, vice president of strategy and GTM with Verusen.”
“Rail bottlenecks, especially long delays getting in to the rail yards of Chicago, were an important factor in the overall glitches in the flow of goods that most visibly manifested itself with dozens and at times more than 100 ocean containers ships afloat in the ocean waiting for berths at the ports of Los Angeles and Long Beach.”
“Our country’s largest ports (Los Angeles and Long Beach) are two of the least efficient in the world for handling containers.”
Ports 🚢
“‘The big wild card is what will happen with West Coast labor negotiations with the current contract set to expire on July 1,’ says NRF.”
Leadership 🏆
Gartner Announces Rankings of the 2022 North American Supply Chain Undergraduate University Programs
“University of Arkansas defends pole position, University of Tennessee, and University of South Carolina complete Top 3.”
Supply Chain News: Thoughts on WMS Trends 2022 from Gartner | SC Digest
“Gartner analysts Dwight Klappich, Simon Turnstall and Rishabh Narang recently released the firm's annual ‘Magic Quadrant’ report for 2022 on Warehouse Management Systems (WMS).”
MTS Logistics Celebrates World Oceans Day - More Than Shipping
“Today is World Oceans Day, a day that is really special for the world and means so much to MTS Logistics.”
Wengel, Engel & Alicke head top ten supply chain influencers | Supply Chain Digital
“Supply chain is experiencing a period of turbulence and change the likes of which it has not seen in at least a generation.”
hat is leadership in the trucking industry? | Commercial Carrier Journal (ccjdigital.com)
“There are thousands of leaders in the trucking/logistics industry, regardless of their exact title.”
Are you smart? | Seth's Blog (seths.blog)
“Smart is no longer memorization. It’s not worth much.”
Warehousing 📦
Velociti Doubles Warehouse Size to Keep Up With Growth | Transport Topics (ttnews.com)
“Technology solutions provider Velociti Inc. has doubled its current warehousing space by moving operations to a new facility, the technology solutions provider announced June 7.”
Maintenance & Repair 🧰
Ford Pro CEO targets 100% fleet uptime | Fleet Maintenance
“Ford Pro CEO Ted Cannis explains how the Ford F-150 Lightning Pro simplifies maintenance for commercial customers.”
Southern Tire Mart teams with Kodiak to simplify AV maintenance | Fleet Maintenance
“The maintenance provider has found autonomous vehicle developer Kodiak Robotics' SensorPods, which house several complex cameras and sensors to enable autonomous trucks to operate, are as easy to change out as a tire.”
Human Resources 📝
Tenstreet Q1 Market Index: Recruitment & Retention Rundown - Tenstreet
“The transportation industry is always changing. While the pandemic appears to be waning in the U.S., new issues bring challenges to both carriers and drivers.”
Shortages 🛒
“The shortage is becoming worse and worse with every single week that passes. Sometimes I cannot grasp that I have to worry about this.”
