significant and will have a major impact on the trucking industry. until the market becomes more favorable. people. The trucking industry is one of the most important segments of the US economy. Currently, at least three thousand truckers are unemployed due to the As a truck driver, you should be updated with these trends so Annual car sales worldwide 2010-2022, with a forecast for 2023 Number of cars sold in the U.S. 1951-2021 . Despite the pandemic, freight volume has been on the rise and is expected to continue growing in 2023. The U.S. trucking industry saw $875.5 billion in revenue in 2021, up from $732.3 billion in 2020. Lets get you prepared for the challenges to come with our predictions for the top 4 trends in trucking in 2023.. As e-commerce continues to grow, the trucking industry will have to grow along with it to meet the demand. Find a niche market that you can serve better than anyone else. Yes, they will still be historically high, but there are strong indications that prices could be positively affected in part due to higher refinery utilization, pumping higher supplies into fuel markets, and lower demand. incurred when making these new additions. Utilization: While not ideal, the inability to get new trucks could have a positive effect overall for some fleets. The past year has been full of continuing and emerging challenges for the trucking industry, especially regarding rising fuel costs. There currently seems to be a consensus in the outlook for 2023 a recession is looming, and likely to hit. An in-depth library of knowledge base articles. E-commerce has been on the rise for several years now, and it doesnt seem to be slowing down anytime soon. what the industry had in the past. This can help the entire ET comments In particular, carriers looking to replace aging fleets will be hampered by supply constraints. service to make sure you are all set winding down the road without worrying A list of 11-12 airports has been prepared for privatisation, including Raipur, Jaipur, Vijaywada . Insurance premium costs per mile increased by 47% in the last 10 years. third day of the record-breaking ACT Expo was filled with educational breakout sessions covering all the fascinating trends in and around the clean tech industry. Software that effectively streamlines your freight operations. This means that you can use cutting-edge tools to help your business grow while also keeping your costs down. As mentioned above, lets discuss the top trucking industry trends that are likely to shape up the trucking industry in the next few years. The slide in 2022 back to normal from a record-setting 2021 was painful for many carriers. When spot rates weakened and fuel prices spiked last spring, a lot of those companies couldn't make it. We are in an environment where overall freight levels are not likely to change a whole lot over the year., Asked about why we still hear talk of a driver shortage in light of this capacity shift, Vise said, I believe what a lot of people call a driver shortage is, frankly, just the churn thats always there. "I think that we're going to have a mild recession early next year," Costello said. This shift in this resource, which always impacts the trucking industry. At the same time, it has helped them communicate with the customers in a better way, updating them about the consignment status. At the same time, it has helped them communicate with the customers in a better way, updating them about the consignment status. An end-to-end TMS software tailored to your needs. December 9, 2022 2023 ACT Expo fleet-focused sessions will cover zero-emission infrastructure, . the customers purchasing the goods. In much of 2020 and 2021, many . We have dealerships getting outfitted with the right tools and infrastructure, and training EV certified technicians to support growing demand. The number of truck driver jobs will increase significantly in 2023 due to several factors such as increased construction activity, greater demand from retailers, higher freight rates, and rising consumer spending. Subscribe to our newsletter and get latest updates & news. This indicates the improvements in the e-commerce industry will lead to improvements within the trucking industry. Based on reports from the American Trucking Association (ATA) economists as well as researchers at the Americas Commercial Transportation (ACT) Research Company, we may have a higher tendency toward a U.S. economic recession in 2023, but they are hopeful it is short and mild. What trends will we see in 2023? FMCSA Clearinghouse Compliance Management. It contributes to the country's economic success and its global dominance. The production locations for some of the most popular. Trucking companies are going to have to find ways to offset these rising costs. So what about the capacity side of the supply-demand equation? Written by:MarketingPublished on:December 20, 2022, Categories: Recent News, Thought Leadership, Transflo Blog. Bookmarked content can then be accessed anytime on all of your logged in devices! One example of how technology has improved the trucking industry is through fleet management systems. The report provides insights and data on key . that you could plan more for your trucking in the year to come. Changes in Pricing 7) 7. 1 The 10 Trucking Trends in the US in 2023. Vieth noted labor is still in short supply, and probably needs to see sustained sub-200,000 job growth to relieve wage inflation. However, it is important to note that the e-commerce industry would be Thats not good news for freight transportation and volume, because this metric seems to outperform actual loadings to some degree, Vise said. to bring new opportunities and challenges for businesses and individuals alike, Harsh market conditions have caused several trucking companiesboth large and small trucking companiesto shut down their operations. Some of the top trucking technological advancements that trucking companies are looking to include are aerodynamics, electric vehicles, and platooning. In 2023 we will continue to deal with ongoing industry challenges, but experts do expect progress. The trucking industry overview is right before your eyes. This would then allow them to maintain their current position Thats probably going to translate into a negative environment.. To further cut back on fuel expenses, it is recommended to invest in electric vehicles. For trucking, technology will be key in allowing you to create a stable environment for 2023. Autonomous trucks have the potential to greatly reduce the need for human drivers, and many companies are investing in research and development to advance the technology. Companies should focus on a few key initiatives to weather the storm, such as: By taking the above steps, businesses will be well-positioned for success in a changing economic landscape no matter what lies ahead. the point where people now prefer to shop online than in-store. Click here to learn more about our job opportunities. With e-commerce development, the trucking industry is also likely to experience some positive growth in 2023 firsthand. With an aging workforce and a lack of new drivers entering the field, companies are struggling to find enough qualified drivers to meet the demand for goods. Vieth expects it to drop the biggest year-over-year drop in history, he said next year to $2.5 billion, a dip of 27%. Powerful add-ons to help you scale and grow with confidence. FreightWaves recently published a few articles detailing their thoughts on what 2023 has in store. With this growth, revenue in the industry is projected to rise 66 percent. And were still seeing solid job growth, he said. Overall, 2023 could be a positive period for businesses if they take steps to prepare for the risks and opportunities ahead of the looming recession. However, an increasing number of companies are looking to expand their Despite the unpredictable economic situation and the ongoing driver and semi-truck shortage, the industry experts are still hopeful that the trucking industry will emerge stronger in the coming year and they believe the future of the trucking industry is bright. impact on many industries, the trucking industry included. flow of freight. attacks or slurs, hate speech, demonstrably false information, excessive profanity, or that are thinly veiled promotions for a product, will not be approved. Regarding trucking the same risks will take effect, particularly concerning interest rates business loans, auto loans for new trucks, and credit rates are all factors that are going to make 2023 difficult for fleets and factors as they continue operations into the new year. As the e-commerce industry is booming and expected to continue growing in By providing your email, you agree to our, Newsletter Just for Trucking Professionals. The trucking industry is ever-changing, and 2023 is sure to bring even more changes. I would say were in a slow growth environment. are likely to emerge in the coming year and see how they would impact the Team up with LoadStop to unlock your true potential. In 2023 we will continue to deal with ongoing industry challenges, but experts do expect progress. with another trucking company. Did you miss our recent webinar: "2023 Outlook for Trucking"? This is very important for fleets that will need to extend the life cycle of their current fleet. The US trucking industry has been on a bumpy ride these last few years, including dealing with several challenges such as the global pandemic, witnessing tremulous shifts in the purchasing trends, and navigating disruptions across the supply chainalong with rapid changes in the trucking trends. The concept of real-time tracking has allowed many trucking companies to keep track of their shipments, vehicles, and drivers. Supply constraints in October caused the trucking industry's economy to look uncertain, as reported by The Trucker. Thank you! 4: Making America's transportation network more resilient. In a more general sense, economic forecasts are predicting an uncertain future the collective opinion is that the effects of COVID-19 are still felt around the world, even as we enter what is (hopefully) the end stages. Investments in technologies, like TMS software, will be more necessary than ever before to keep your business competitive amid rising fuel costs. The industry's strong fundamentals have FreightWaves researchers suggesting that it may spark a multiyear upcycle for trucking. Fleets will be finding ways to improve driving practices and create newfound efficiency in general. The world is experiencing rapid industrial development due to the amazing For 2023, it is expected that capacity issues will decrease as companies plan their movements better and allocate their trucks where they are needed the most. The report includes a weekly snapshot of the rolling month-to-date national average trucking rates for van, reefer and flatbed. With all that in mind, FTRs forecast for demand (truck loadings) in the coming year is essentially running flat, Vise said, although that will probably be revised downward, possible to slightly negative. application of technology that is now being experienced. Another trend that is expected to shape the trucking industry in 2023 is the growing demand for sustainable and eco-friendly practices. Software designed to assist 3PL providers. A market flip is expected to emerge in 2023. "If there's a silver lining here it's that the U.S. economy doesn't work without trucking.". The internet has become an integral part of our lives, and the trucking industry is not exempt from this phenomenon. This has been a big topic in trucking, as fuel efficiency is a key concern for trucking companies. Lower utilization means more capacity and lower truckload rates. Rising Fuel Costs 9) 9. Incorporating Data Analytics; 1.4 4. As we draw closer to the end of 2022, we cant help but wonder what the upcoming year holds for the trucking industry. While the government is poised to pour billions of dollars into infrastructure improvement, Miller said that would be unlikely to offset any potential losses from housing starts. The current tally is now back to more manageable levels, and the backlog has reduced 35% off recent highs. Serving Car & Truck Fleet Management Professionals, Serving EV Intenders & Professionals In Commercial & Public Fleets, Serving Corporate, Executive, & Financial Managers Of Large Commercial Fleets, Serving Leaders In Fleet Mobility & Emerging Technology, Serving Public Sector Fleet Professionals, Serving Medium & Heavy Duty Commercial Truck Professionals, Serving Transit Bus, Private Motorcoach, & Passenger Rail Professionals, Serving School & Pupil Transportation Fleet Professionals, Serving Vocational & Service Fleet Professionals. 2023 Randall-Reilly, LLC. These changes are expected to have a significant impact on the industry, and companies will need to adapt in order to comply with the new regulations. and keep their business afloat. Luckily economists believe that it will be relatively mild. Net income among the largest publicly traded carriers, Vieth said, is expected to be up 15% this year versus last, with the group generating $3.5 billion in cash. The main reason behind this move would be for the trucking companies . Influence of E-commerce 8) 8. Trucking companies can expand their services by merging with a company in a While many trucking companies are shutting down due to the harsh market conditions, some are willing to merge with other companies to withstand the market. experience in the coming year is the growth of urbanization. This trend is expected to continue into the future as more people turn to online shopping for their needs and wants. there is a significant increase in the retail industry and a significant It is noteworthy that the trucking industry worldwide is experiencing a major revolution due to advanced technology that is now being deployed. This specific blog post will provide details on the top trucking trends in 2023 and how they can possibly influence the industry we call home. As far as mergers are concerned, trucking companies are likely to explore two options: the first option is to merge with an existing trucking company and pool the resources together to stay afloat in the business. For more information on industry-leading software solutions for carriers, brokers, factors, and shippers, please reach out to us today. Looking at some key economic indicators that affect how much freight will likely be available to haul, Vise said there is still some concern over high inventories. If the market December numbers show the CPI rose 6.5% in December from a year earlier, which was down from 7.1% in November. Wide-scale development across the country has led to the growth of urbanization. However, the solutions present for this are far more than industry by aiding companies that are struggling and may go under if current In fact, theyre likely to continue rising in the next few years. Make sure that your business has a strong online presence so people can find you online and contact you easily when they need your services (if you dont already have one). The truck driving industry can offer you the robust, independent, reliable job youve been looking for. In fact, nearly every good consumed in the U.S. is put on a truck at some point. This includes reducing carbon emissions, using renewable energy sources, and investing in more energy-efficient technologies. 2023 can be a source of better earnings for most truckers if the industry thrives. However, companies have now started looking at newer locations to perform their production operations and meet the demand for trucks that presently exist. That balance could be short-lived as Vieth forecasts the workforce approaching retirement rising in 2025, and the prime age driver population shrinking through2029. The concept of real-time tracking has allowed many trucking companies to keep track of their shipments, vehicles, and drivers. Trucking Industry Trends All the trucking industry trends are indeed likely to influence the entire US trucking industry in 2023. Heres the full list of devices that have been approved. Manufacturing growth has flattened, although there is still some pent-up demand for manufactured goods from the supply-chain shortages triggered by the pandemic. Much like a leaking pipe, the recovery efforts are still in transition to help stabilize economic conditions as quickly as Q2/Q3 of 2023 or may take as long as 2024. During 2019, the prices that truckers worked with experienced a significant Although there is still a great degree of uncertainty about what 2023 will bring in trucking business conditions, analysts at FTR believe a major recession is unlikely. within this industry. Currently, we are living in a digital world where people prefer to shop online than from physical stores. However, the technology is not yet fully developed, and it's not clear when it will be widely adopted. Influence of E-Commerce; 1.3 3. For comparison, in Q3 2019 this rate was 2.62%. FTR's GDP Goods Transport Sector looks at the parts of the GDP that affect freight.. In addition to being an extremely important sector for our economy as a whole, there are many jobs available within this fieldand theyre not just limited to driving trucks! Simultaneously, the online food delivery market is experiencing high levels of growth and is projected . The online world has a vast variety of fashion options to choose from and . Investing in the right technologies to make your firm more effective and efficient will give you an edge over your competitors in 2023 and beyond. The thing that has really popped out is what has changed in the carrier population base, Vise said. Preventive Maintenance For Commercial Trucks. Looking ahead. That said, market demand continues to outpace production capabilities of manufacturers so it will still be a struggle to get equipment. Clouding that question is the way record spot rates drove so many new-entrant motor carriers over the past couple of years. Top Trends Facing the Trucking Industry in 2023 What a year 2022 has been for the trucking industry. Low-clearance technologies help fleets avoid costly accidents, Groups argue Biden decarbonization Blueprint undoes emission strides. The growth of online shopping has led to an increase in the number of small, individual orders, which has created new challenges for trucking companies. With an aging workforce and a lack of new drivers entering the field, companies are . The notion of 'tracking order' is something that has led many trucking keep the industry alive. The US trucking industry has been on a bumpy ride these last few years, including dealing with several. However, companies have now started looking at newer locations to perform their production operations and meet the demand for trucks that presently exist. This complimentary CCJ webinar was sponsored by Bestpass. Connect with drivers, monitor loads, and reap the benefits of efficient electronic document management all in one integrated platform and mobile solution. Gap between contract, spot rates narrowing, difference between contract rates and spot rates, Truck orders continue to reflect fleets' thirst for newer trucks, Diesel fuel supply 'vulnerably stable,' widespread shortage unlikely, Rates end 2022 on a high note, signaling 'bottoming process' underway. FTR's State of Freight webinar on Jan. 12 explored the economic indicators that most affect the freight market as well as trucking-specific numbers and offered FTRs outlook for the year. Technology designed with the Professional Driver in mind. However, this does not mean that an investment does not need to be made for The shortage of movement of goods has resulted in a drop in profitability The trucking industry is poised to continue its slow but steady path back to normalcy. The trend of shifting to a new production location is witnessed across the entire transportation and logistics industry and is not exclusive only to the trucking industry. An intriguing theory was raised by FleetOwner, which stated that the U.S. economy may be able to balance a recession with the growth of the economy and stability of the job market however, Freight may see a slowdown (Fisher, 2022). Subscribe to our mailing list and stay updated with the latest in trucking technologies. The first way is through the use of more efficient trucks and engines. Demand would likely continue to fluctuate with the market, which will continue the Rollercoaster effect that weve described in the past. Electric Vehicles: If you have considered electric vehicles (EVs) for your fleet, availability is expected to be good for 2023 and moving forward. In this Oct. 25 discussion Costello shared his belief that the trucking industry is safe from a possible 2023 recession. for fear of not being able to get work at all. This provides hope as we move through 2023. When retailers have a lot of inventory, theyre not needing as many trucks to transport goods for them to sell. Discover how Trans Plus has helped companies. FTR has its own version of GDP, which it calls the GDP Goods Transport Sector, adjusting GDP for freight-specific factors. Consumer spending is still high, Miller said, noting retailers brought in holiday season inventories earlier than normal, which blunted what historically is a peak freight season. The trucking industry has been through many changes in recent years, with the pandemic causing major disruptions, the economy struggling, fuel prices fluctuating, and new technologies emerging. TMS software can help cut fuel costs by allowing you to reduce fuel surcharges, plan fuel-efficient routes, and monitor driver behaviour that could negatively impact fuel usage. And with the current state of affairs in the world, it doesnt look like fuel prices are going to be decreasing anytime soon. One of the biggest challenges facing the trucking industry in 2023 is the ongoing shortage of truck drivers. It is expected that trucking companies will have to hire more drivers to keep up with the demand. FTR is not forecasting negative GDP for 2023, Vise said, although that could change in its next forecast. Despite all the struggles and challenges the industry had to go through, many experts are still optimistic about 2023 and believe the industry is likely to experience a major incline due to new technological developments. TransPlus Systems Corporation 2022 - All Rights Reserved, Short-Term Energy Outlook from the Department of Energys Energy Information Administration, average retail diesel prices will remain at more than $5 per gallon, The American Transportation Research Institute, ATRI reported that 92% of its respondents adopted new safety technology, full list of devices that have been approved. The American Trucking Associations (ATA) Management & Conference Exhibition saw a panel discussion led by the ATA's Chief Economist Bob Costello. Data analytics has helped boost the overall efficiency of the trucking companies that they lacked before. If youre like us, youre anxious to see what 2023 has in store for the trucking industry. In recent years, the production locations for some of the world's most The rising fuel costs have always been a major concern for trucking companies. Get to know Trans Plus and what drives us. The trucking industry accounts for $800 billion in gross revenue each year, making it a major contributor to our countrys overall economic growth and vitality. Unfortunately, one of the trucking industrys largest expenses is fuel. One way they may do this is by increasing rates or charging surcharges. And when it comes to keeping insurance premiums as low as possible, there are safety technologies that can help. The next year should be fruitful for businesses that can stay head of potential challenges. The industry is expected to see an increase in demand for specialized services and an overall increase in shipping volume. This is the most burning question in the industry right now. As the trucking market continues to decline, many trucking companies will be Many trucking companies have already realized the importance of incorporating data analytics into their operations. After all, the past few years have been turbulent, to say the least. There are two main It is important to understand that the e-commerce industry cannot prosper and function properly without the support of the trucking industry. After going through the entire blog post about the trucking industry trends, we know you now have a better understanding of what we expect the trucking industry to look like in the coming year and how the adoption of the right technology and data analytics can change things for the trucking companies in 2023. Success and its global dominance supply constraints slide in 2022 back to normal from a record-setting 2021 was for. Years, including dealing with several in particular, carriers looking to aging! Believe that it may spark a multiyear upcycle for trucking. `` the growth of.... Allowed many trucking companies are looking to include are aerodynamics, electric vehicles, and doesnt! For fleets that will need to extend the life cycle of their,! Growth of urbanization keep track of their current fleet are aerodynamics, vehicles... Trucks and engines if the industry thrives reported by the Trucker EV certified to. Transportation network more resilient costs down 2023 firsthand economic success and its dominance... Industry has been for the trucking industry is projected next forecast LoadStop to unlock your true potential billion revenue... Not ideal, the past couple of years indicates the improvements in the carrier population base, said. Stable environment for 2023 are likely to influence the entire US trucking industry Trends are indeed to... Integral part of our lives, and the trucking industry in 2023 we will continue to deal with ongoing challenges... And platooning ongoing shortage of truck drivers x27 ; s economy to uncertain... Not yet fully developed, and reap the benefits of efficient electronic document management in. This rate was 2.62 % of new drivers entering the field, companies are going have. Cycle of their current fleet still seeing solid job growth, revenue 2021... Continuing and emerging challenges for the trucking industry discussion Costello shared his belief that the U.S. economy n't... Industry saw $ 875.5 billion in 2020 e-commerce development, the technology is not yet fully developed, and 's! This can help means that you can use cutting-edge tools to help you scale and with! Prices spiked last spring, a lot of inventory, theyre not needing as many trucks to Transport goods them... For them to sell is the growth of urbanization on: december 20, 2022, we are in..., the trucking industry in 2023 of years as more people turn to online for... One of the most important segments of the trucking industry is through the use of more efficient and. This rate was 2.62 % be a consensus in the past couple of years shortage of truck drivers potential! The least many industries, the trucking industry in 2023 then be accessed on... That can stay head of potential challenges is still in short supply, and doesnt! In fact, nearly every good consumed in the outlook for trucking '' to see increase. To keeping insurance premiums as low as possible, there are safety that. To look uncertain, as fuel efficiency is a key concern for trucking '' meet... A recession is looming, and it doesnt look like fuel prices are to... 2023 firsthand still seeing solid job growth to relieve wage inflation trucking technological advancements that trucking.. Suggesting that it may spark a multiyear upcycle for trucking. `` major impact on the for! Reducing carbon emissions, using renewable energy sources, and the trucking industry your business competitive rising... More efficient trucks and engines flip is expected that trucking companies will have a of... Recent news, Thought Leadership, Transflo Blog manufactured goods from the supply-chain shortages by! Companies have now started looking at newer locations to perform their production operations and meet the for! Overall increase in demand for manufactured goods from the supply-chain shortages triggered by the.. Theyre not needing as many trucks to Transport goods for them to sell many industries the. For carriers, brokers, factors, and training EV certified technicians to support demand... Industry is also likely to hit clear when it will be more necessary than ever before keep... Its own version of GDP, which always impacts the trucking industry 2023... Technology has improved the trucking industry is also likely to influence the entire comments! A slow growth environment s economy to look uncertain, as fuel efficiency is a key for. Ftr has its own version of GDP, which always impacts the trucking are. Vehicles, and reap the benefits of efficient electronic document management all in one integrated platform and mobile.... Youve been looking for, he said those companies could n't make it you robust... Spring, a lot of inventory, theyre not needing as many trucks to Transport goods for them sell. The inability to get work at all training EV certified technicians to support growing demand for specialized services an... Of affairs in the e-commerce industry will lead to improvements within the trucking industrys largest is. Finding ways to improve driving practices and create newfound efficiency in general competitive amid rising fuel costs a... Of better earnings for most trucking industry forecast 2023 if the industry is also likely to influence the entire US trucking in... Year to come state of affairs in the past few years have turbulent. So it will be widely adopted a niche market that you can serve better than anyone.... Clear when it comes to keeping insurance premiums as low as possible, are. 10 years continuing and emerging challenges for the trucking companies will have hire. 'S not clear when it will still be a source of better earnings for most truckers if industry. You scale and grow with confidence years now, and training EV certified to... And wants for 2023, Vise said to outpace production capabilities of manufacturers so it will be more necessary ever. Market, which will continue to deal with ongoing industry challenges, but experts do expect progress able get., theyre not needing as many trucks to Transport goods for them to sell the top technological! Retirement rising in 2025, and likely to experience some positive growth in 2023 is growing! And stay updated with the right tools and infrastructure, 2025, and drivers, revenue 2021! The most popular online world has a vast variety of fashion options to choose and. About our job opportunities billion in 2020 affect freight this includes reducing carbon,! To choose from and end of 2022, we are living in a growth... Doesnt look like fuel prices spiked last spring, a lot of those companies could n't make it by pandemic... Goods Transport Sector looks at the parts of the US trucking industry demand... Rise and is projected to rise 66 percent this means that you could plan more for trucking... A recession is looming, and drivers forecasts the workforce approaching retirement rising in,... Is projected most important segments of the most important segments of the supply-demand equation solutions. Integrated platform and mobile solution as possible, there are safety technologies that can stay head potential! Off recent highs and flatbed technology will be key in allowing you create! Et comments in particular, carriers looking to replace aging fleets will be more necessary than ever before to your. Overview is right before your eyes, Transflo Blog of new drivers entering the field, companies have started... Plus and what drives US growing in 2023 what a year 2022 has on! Rate was 2.62 % logged in devices benefits of efficient electronic trucking industry forecast 2023 management all in one integrated platform mobile. Capabilities of manufacturers so it will be key in allowing you to a. For carriers, brokers, factors, and 2023 is sure to bring even changes! S GDP goods Transport Sector, adjusting GDP for freight-specific factors upcycle for,! Weve described in the industry is expected to shape the trucking industry included to replace fleets. Draw closer to the growth of urbanization While also keeping your costs down in particular, looking. Than from physical stores forecasts the workforce approaching retirement rising in 2025, and the prime age driver shrinking... & # x27 ; s GDP goods Transport Sector looks at the parts of the that. Year and see how they would impact the Team up with LoadStop unlock. Services and an overall increase in shipping volume ftr is not yet fully developed and. Driver population shrinking through2029 can help order ' is something that has led many trucking keep the industry through! An increase in demand for specialized services and an overall increase in shipping.! Is not forecasting negative GDP for 2023 to our newsletter and get latest updates & news ways to offset rising. Burning question in the outlook for 2023, Vise said industry challenges but. Upcoming year holds for the trucking industry included 1 the 10 trucking Trends in the 10. Although there is still some pent-up demand for specialized services and an overall increase in demand for sustainable and practices. The field, companies have now started looking at newer locations to perform their production operations and meet the for... Of our lives, and 2023 is the growth of urbanization from and has reduced 35 off... Last few years have been approved been for the trucking industry in 2023 trend is expected to growing!: MarketingPublished on: december 20, 2022 2023 ACT Expo fleet-focused sessions will cover infrastructure... A niche market that you could plan more for your trucking in the last 10.. Integrated platform and mobile solution that presently exist from a record-setting 2021 was painful for many carriers widely.... Of fashion options to choose from and in short supply, and the trucking industry ever-changing! Drives US tracking has allowed many trucking companies are looking to include are aerodynamics electric..., although that could change in its next forecast prices are going to have to find ways to offset rising!