|Please join us CSCMP, APICS and ISM local chapters in a dinner event and panel discussion featuring Moderator Rick Fritz, Avanir Pharmaceuticals and four panelist from C.H.Robinson, AT&T Fleet Complete and Bumble Bee Foods.
This networking event will involve a panel discussing:
The Edge of Truckload Capacity
A U.S. trucking shortage that has pushed up freight costs for everything from cereal to toothbrushes is about to get worse.
Nationwide enforcement of the rules requiring most big rigs to use electronic logging devices (ELD’s) to record driver hours has been implemented. While truckers have long been barred from driving more than 11 hours a day, the new ELD’s prevent them from fudging their times on paper logs. That means more trucks are likely to be parked when drivers hit their limits.
The ELD rules went into effect in December, two years after the final rules were published, though enforcement didn’t begin until April 1 for most trucks. The devices log driver hours, which have to be turned over to regulators and can be checked by authorities during routine inspections or traffic stops. After 11 hours on the road, a driver must rest for 10 hours.
Analysts have estimated that the regulations will reduce trucking capacity between 2 percent and 5 percent by making it harder for drivers to cheat and squeeze in extra miles to reach a destination.
The disruption even has spread to railroads, especially in drayage, the service of hauling seaborne shipping containers from ports to rail yards.
With the electronic logging device mandate in place, and some drivers becoming idle as a result, the cost of freight will rise even more across the board. Data from Bloomberg indicate the trucker shortage has already caused prices to rise 28% through March 23 compared to 2017 figures, and according to FTR Transportation Intelligence, long-term contract rates could increase 12% this year.
Panelists in this session will share how the truckload capacity and ELD implementation has effected their supply chains.