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🚛As many of us in the transportation sector have observed, the current landscape is not one we can sustain much longer. Most asset-based transportation service providers are grappling with operational costs that exceed their revenue. This reality poses a significant risk not only to individual companies but also to the entire supply chain. ⚠️ It is imperative that we, as an industry, engage in candid and meaningful conversations about cost increases and sustainable pricing practices. 📈 The consequences of ignoring this issue are clear: as capacity becomes constrained, shippers will find themselves in an increasingly competitive environment, scrambling for the limited trucks available. 🏃♂️💨 This situation will inevitably lead to inefficiencies and increased costs for everyone involved. We all share part of the responsibility in this dialogue. Shippers, carriers, and stakeholders must work together to establish fair pricing mechanisms that reflect the true costs of service delivery. 🤝 It’s time to prioritize transparency and collaboration over short-term gains. Only through open discussions can we foster a healthier and more sustainable transportation ecosystem for all parties involved. 🌍 Let’s take this opportunity to collectively address these challenges, ensuring we build a resilient future for the transportation industry. Your thoughts and contributions are invaluable as we navigate this reality together. 💡✨ #Transportation #Sustainability #IndustryCollaboration #Logistics #PricingTransparency #SupplyChain #Trucking #CapacityChallenges
Great post Luc, it’s becoming increasingly harder to make a profit these days,companies if they want to survive need to look under every nook & cranny to find out cost savings,to be able to compete,once that is accomplished,next step to ensure your clients and prospect clients are made aware of of the costs it takes to run tractors& trailers,etc,etc down the road,and it will remain very difficult to hold the reins in pricing,when others i.e. competitors crumble from demands to cut rates . Stay the road, friend!
Valid point. Instead of undercutting we have to help each other so that no one plays in loss.
It’s a great visual to show the average person all of the costs that go into these shipments. I’m rooting the trucking industry on as they get through these extremely tough market conditions.
Sadly, this has been the issue for the last 15-20 years. When I first started in this industry there was an unspoken standard. And one day, one guy undercut another and it never stopped.
Luc, you forgot 1O percent profit,which ultimately goes back into reserves,for replacement equipment or in some cases the entrepreneur’s pockets,cheers! Paul
Very informative
I agree, not much room for error.
Thanks for sharing
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Enterprise Account Manager | SCMP Designation Candidate- Helping Organizations successfully navigate Transportation related Supply Chain challenges.
5moWell said Luc and I appreciate the illustration. Part of the challenge to your point, there are carriers out there seemingly giving away the farm. I scratch my head many times a week trying to understand how a carrier can make money on some of the rates I have seen. Unsustainable pricing poses significant potential risk as carriers and capacity continue to exit the market.