Trucking companies face a range of challenges that can impact their drivers and bottom line. To stay ahead of the curve, it’s important to be aware of the most pressing issues affecting the trucking industry. The American Transportation Research Institute (ATRI) recently released a report, “Critical Issues in the Trucking Industry – 2022,” that highlights the biggest challenges motor carriers faced in 2022. In this blog post, we’ll take a closer look at ATRI’s report and how it can help trucking companies identify and address risks.
Top 10 Critical Trucking Industry Challenges:
ATRI’s report lists the top 10 critical issues impacting the trucking industry, as voted by over 25,000 industry contacts. The results are as follows:
- Fuel prices
- Driver shortage
- Truck parking
- Driver compensation
- Detention/delay at customer facilities
- Driver retention
- Compliance, safety, accountability
- Speed limiters
- Lawsuit abuse reform
As part of the report, ATRI also highlighted potential strategies to address these challenges, and survey respondents ranked them based on perceived effectiveness. For example, to address record-high fuel prices, a popular proposed action was to stabilize the nation’s fuel supply through federal action.
Using the Report to Manage Risks:
ATRI’s report can be a useful tool for trucking companies to identify and address risks they may not have otherwise considered. By understanding the critical issues impacting the industry, companies can implement policies and strategies to safeguard their fleet. Barnard Donegan Insurance can provide additional risk management guidance and support for trucking companies.
With the trucking industry facing a range of challenges, it’s important for companies to stay up to date on the latest trends and risks. ATRI’s report provides valuable insight into the top critical issues facing the industry and potential strategies to address them. By leveraging this information and seeking guidance from experts, companies can better manage their risks and protect their bottom line. Contact Barnard Donegan Insurance today to learn more about how we can help you navigate the complexities of the trucking industry.