The economy has been declining since the start of the COVID-19 pandemic. Supply Chain Quarterly said that in 2021 “volatility, inflation, and surging demand caused U.S. business logistics costs to increase by 22.4%.” 

2022 wasn’t any easier as overall costs, especially maintenance and fuel costs, skyrocketed.

In partnership with FreightWaves, Bestpass asked fleets of all sizes across the United States to share specific information regarding their companies’ expense reports/projections from 2022 and their overall satisfaction with 2022 and confidence in 2023. The survey found that respondents should make a shift in priorities to make budgeting more efficient.

Complete the form below to download your complimentary copy of the complete findings.

The post White Paper: Fleets should consider the cost of inaction appeared first on FreightWaves.

Similar Posts

Strategic cargo theft growth pushes industry fraud toward all-time high

By

Cargo theft has reached at least a 10-year high, and Travelers Scott Cornell believes it’s higher than ever before.  Cargo theft of all varieties has increased 59% across the U.S. and Canada between the third quarter of 2023 and the same quarter last year, according to recent CargoNet data. This number highlights the continued growth…

Hydrogen fuel cell maker Hyzon eyes small-scale projects to advance

By

HOUSTON — The new CEO of hydrogen fuel cell maker Hyzon didn’t sound like a man running a company whose future is in doubt.  In an interview with FreightWaves at the CERAWeek by S&P Global conference here, Parker Meeks deferred questions about current issues Hyzon (NASDAQ: HYZN) is facing over its low stock price and…

Freight rail trade group urges federal collaboration to reduce GHGs

By

The Association of American Railroads has outlined eight ways that the federal government can work with the U.S. freight rail industry to reduce greenhouse gas emissions from the freight transportation sector and “effectively combat climate change.” AAR’s new paper, released Tuesday, comes as government estimates calculate that total freight demand is anticipated to grow by…

Old Dominion sees tonnage plummet again in May

By

Less-than-truckload carrier Old Dominion Freight Line said Monday that there was no seasonal demand uptick in May, reporting volume metrics that were a little worse than those reported in April when factoring in the prior-year comparisons. Old Dominion (NASDAQ: ODFL) reported tonnage was down 14.4% year over year (y/y) in May, which followed a previously…

Leave a Reply