Trucking Industry Forecast for 2022: The Top 5 Trends
Recently, the trucking industry has evolved and seen notable demand levels. Hauling goods efficiently and safely from one location to the other is a crucial role played by trucking companies. Whereas the year 2021 saw remarkable demand for trucking services, unexpected issues such as the rising operating costs and the offset revenue increases had some negative effects.
In this post, we will look at the top trends inclined to affect the trucking industry in 2022.
The Top 5 Trends in the Trucking Industry in 2022
Whether you’re a new or an established trucking company, the industry trends in this post are worth watching out for.
1. Increasing Fuel Costs
A bigger percentage of each trucking company’s general expenses goes to fuel, which is common knowledge to their operators. Currently, the fuel industry is experiencing fluctuations in market prices caused by demand and supply. Moreover, a combined drive towards alternative fuels might as well affect the industry.
2. Growing Freight Volume
According to the trucking industry stakeholders, the demand for their services keeps going up without signs of coming down. This year’s forecast by the American Association of Trucking shows a possible growth in the volume of freight trucking by 24 percent.
3. Unexpected Mergers and Bankruptcy
Unfortunately, some trucking companies didn’t realize their goals in 2021. This has led to some of them, being merged while others have left the industry. Due to poor administration and management lapses.
4. Increasing Reliance on Technology
Truckers have already witnessed the replacement of paper logs with modern routing and tracking capabilities. As well as the addition of several maintenance and safety features resulting from the quickly developing technology. The software for data analytics functions in managing and tracking logistics chains will continuously improve.
5. Growing Demand Due to Ecommerce Growth
It’s worth noting that without the assistance of the trucking industry, the e-commerce industry can’t work effectively. Because it largely relies on truckers for transportation of goods from one location to the other. Meaning the development of e-commerce will automatically result in the trucking industry’s development.
The Key Take Away
Trucking companies need to stay on top of the industry trends so that their companies can offer quality services to their clients and be profitable in 2022. R&A Trucking is a leader in the trucking industry and has made the necessary adjustments based on the changes in the industry to provide quality trucking and logistics services for its clients.
Understanding the latest trends in the trucking industry will support growth and stability for trucking companies. Feel free to contact us for more information.