Transportation Logistics Management 2023 Business Finance
2023 Please answer original forum with a minimum of 250 words and respond
Please answer original forum with a minimum of 250 words and respond to both students separately with a minimum of 100 words each
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page 1 original Forum with references
page 2 Michael response with references
page 3 Mason Response with References
What do transportation & logistics (T&L) leaders need to do to prepare for the future of freight transportation, especially motor carriers?
Tight capacity is one of the largest challenges facing the motor transportation industries in the United States and will likely continue to be a significant challenge into the future. Driver shortages and limitations on hours of service introduced by the federal government’s Compliance, Safety, and Accountability Act of 2010 combine to reduce the overall driver hours available across the industry to service orders between customer and shipper (Coyle, Novack, & Gibson, 2016). Transportation and logistics leaders need to work together to improve working conditions and benefits for motor transport drivers. In addition to fair compensation, these efforts would improve the recruiting and retention of drivers and increase the total pool of driver hours available within the industry.
High safety standards are often priority among shippers seeking motor transport services. One factor which increases safety but decreases recruiting and retention of drivers in the industry is the implementation of drug and alcohol testing for its employees. The industry has begun requiring such screenings prior to employment, regular physical examinations, following any accident, as well as by random selection (Coyle et al, 2016). As improved safety is and aught to be of highest priority within the transportation industry, shippers, transporters, and customers alike should work together to encourage, implement, and reward the highest standards in the employment of drivers.
Keeping pace with technology is a must for all freight transporters. In recent years, GPS and RFID technology has improved in-transit visibility for shipments across the world. Some motor transport platforms are broadening the use of on-board recorders to monitor operational time, time spent idle, fuel consumption and speed limits among other data which come together to increase safety accountability and operating efficiency (Coyle et al, 2016). Such technology must be prioritized and adapted in areas where it is not currently in use. Reducing safety incidences and optimizing efficiency on assets could make the difference between a successful and unsuccessful freight transportation firm.
Coyle, J., Novack, R., & Gibson, B. (2016). Transportation: A global supply chain perspective. Boston, MA.: Cengage Learning.
The transportation and logistics industry is continually evolving. The leaders of this industry need to develop to adjust to the consistently changing requests constantly. In 2002, it was anticipated that “the volume of cargo traffic on the American street framework will increase by seventy percent. This trend will keep on making a tremendous strain on the country’s roads. With the money related emergency that the central and neighborhood governments have encountered as of late, the transportation framework foundation is getting restricted financing. This occurrence has kept the country from staying aware of the developing engine bearer movement on the expressways (Blanquart, Clausen & Jacob, 2016). Throughout the next decade, cargo shipments to the United States are relied upon to increase. This change would build the measure of cargo being moved to utilize expressways to arrive at their inland endpoints. Most of the country is now encountering clogging on the roadways. Therefore, there is a gigantic need to work productively to make up for the lost time and get readied for future cargo transportation.
For better preparation for the future, transportation and logistics leaders should put the extended time in course getting ready for worldwide conveyances. Transportation arranging is critical because transportation costs, item accessibility, and load security should be mulled over (Taneja, 2019). This strategy enables leaders to be progressively productive and adjust to changes. What’s more, pioneers should think about accessible innovation to get ready for what’s to come. Innovation improves proficiency as well as it enables one to be aggressive in the market. To the extent change is concerned, leaders ought to think many steps ahead.
The facts demonstrate that innovation will assume a gigantic job later on for cargo transportation. Probably the most significant innovation is GPS (Pettit & Wang, 2016). It is a lifeline. This innovation empowers organizations to screen the everyday developments of engine transporters. It enables organizations to pinpoint changes that should be made to reduce by and enormous costs. If each engine transporter inside a business is being followed, more excellent calculated choices can be made dependent on the data. Notwithstanding all the clog on the expressways the country over, GPS can be utilized to give elective courses to engine bearers to guarantee that shipments remain on timetable.
Blanquart, C., Clausen, U., & Jacob, B. (Eds.). (2016). Towards innovative freight and logistics. John Wiley & Sons.
Pettit, S., & Wang, Y. (Eds.). (2016). E-Logistics: Managing Your Digital Supply Chains for Competitive Advantage. Kogan Page Publishers.
Taneja, N. K. (2019). Re-platforming the Airline Business: To Meet Travelers’ Total Mobility Needs. Routledge.
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