Annual Meetings-Domestic Truck Transportation - Andrew Boyle, Boyle Transportation

Pdf Summary

The document provides an update on the trucking industry, focusing on market dynamics, regulatory changes, professional driver environment, and risk management. It highlights the significant difference between the for-hire TL and LTL markets, including market size, operations, customer focus, and driver turnover rates. The document discusses the impact of factors such as the electronic logging device mandate, driver shortage, rising non-fuel costs, and the challenges posed by regulations like the Food Safety Modernization Act. It also touches on issues like infrastructure funding, driver turnover rates, and the evolving technological advancements in safety systems and telematics. The text emphasizes the need for increased collaboration between shippers and carriers to navigate tightening regulations and capacity constraints. Additionally, it explores the challenges faced by drivers, including increased regulations, monitoring, and non-wage factors affecting the attractiveness of the job. The document suggests potential solutions like applying the "good jobs" philosophy to enhance job appeal and satisfaction. Finally, it delves into the future of the industry, including advancements in safety technology, potential innovations, and the need for fair transportation agreements for all stakeholders.

Asset Caption

Presented by:
Andrew Boyle, Boyle Transportation

Keywords

trucking industry update

market dynamics

regulatory changes

professional driver environment

risk management

TL market

LTL market

electronic logging device mandate

driver shortage

Food Safety Modernization Act