The transportation industry is continuing to thrive in 2023. Here is what we’ve seen so far in Q1 and how we expect the trucking industry to advance in Q2.
The main lesson for the trucking industry at the beginning of 2023 is that serious headwinds face the industry. Here are the main concerns we see to kick off the year:
- High expenses: One of the biggest hurdles in the industry now is inflation and high gas prices remaining high, making trucking expensive.
- Strikes: With multiple shipping industry sectors going on strike, like railroads and ports, trucking is suffering to keep up with demand.
- New regulations: Bills like AB5 and green energy bills introduced by states and federally are making it harder for the industry to keep up.
All these trends add difficulty for the industry going into 2023, but we expect to see these issues resolved as the year progresses.
One of the main challenges the industry faced during the pandemic was the shortage of drivers. The pandemic caused many drivers to leave the industry due to health concerns or job loss. However, with the gradual return to normalcy, the demand for drivers is expected to increase, and more people are likely to enter the industry.
Another change expected to continue in 2023 is the increased adoption of technology. The pandemic accelerated technology adoption in the trucking industry, and this trend is expected to continue. These technologies have proven more efficient and cost-effective and are likely to become the new normal in the industry.
The pandemic highlighted the importance of safety in the trucking industry. Many companies have implemented new safety protocols to protect drivers and customers from COVID-19. These protocols, such as regular sanitation and temperature checks, are likely to continue even after the pandemic. Furthermore, the industry is expected to focus more on safety technology, such as collision avoidance systems and lane departure warnings, to reduce accidents and improve driver safety.
Finally, the trucking industry is expected to continue to adapt to the changing customer needs. The pandemic caused a shift in consumer behavior, and many people started to shop online. As a result, the demand for e-commerce deliveries increased, and the trucking industry had to adjust to meet this demand. In 2023, the sector will likely continue adapting to the changing customer needs and preferences, such as same-day deliveries and customized delivery options.