In the coming year, small owner-operators will leave big companies and will inevitably impact the balance of capacity in the market. The natural tendency for self-preservation is higher among truckers because they want to control their own futures. It goes back to the need to maintain control and maximize profitability. But again, these owner-operators may not know how to strategically plan loads or moves.
That will become an integral factor in making strategic decisions. After the exodus of drivers into the private sector, one factor becomes evident. They don’t know technology and analytics, and that’s why they don’t make a ton of money per load. But if they can achieve the same goals, aligning with the above trucking trends while maintaining that needed level of consistency, they will be able to become more proactive and strategic. That concept is further shown as the industry readies for reorganization too.
6. Supply chain reorganization could become more valuable as a way to increase backhaul opportunities