Transporting massive quantities of goods, such as raw materials, finished products, and even specialty items (e.g. furniture, chandeliers, etc.) require large transport vehicles such as trucks. In the U.S., freight demand has grown steadily over the years, pushing the trucking industry to its limits and requiring it to step up its game.
Some companies have added more crates to address this concern instead of increasing the number of trucks and hiring new commercial drivers. This strategy has been used by almost 70 percent of trucking companies. It can minimize operational expenses while maximizing profits. More crates mean more spaces to be filled in and more merchandise to be delivered.
Hiring new commercial drivers has become tough in the past few years because of the decrease in the number of licensed commercial drivers. With this, some trucking companies strategized by providing signing bonus to potential sign-ups, or increasing salary offer to stimulate transfer. With the combination of driver incentives and additional crates, drivers’ hours and quality of service can be maximized. Experts predict this could be the best solution to meet the exponential surge of freight demand in the coming years.
Fred B. Barbara is a skilled entrepreneur and investor who began his foray into business at the age of 18. He grew a small trucking company into a multimillion dollar enterprise and has gone on to triple that amount in the present through his investment expertise. More about him can be read here.
Fred B Barbara 
