Tucker Blog

Friday, February 3, 2017

ONE WAY TUCKER’S BETTER THAN MOST BROKERS

ONE WAY TUCKER’S BETTER THAN MOST BROKERS
Most brokers make prolific use of the owner operator fleets—one driver with one truck. At Tucker, we deal almost exclusively with small, mid-size and large fleets. Why? It makes a huge difference in service and capacity. Our customers like the predictable and familiar feel Tucker has in their list of core providers.
Since Tucker’s capacity relies on small, mid-size and larger fleets, tapping rarely if ever, into the owner operator fleet. This is designed so we establish strong working relationships with ownership, management, operations personnel and especially the drivers on every load, to improve service and performance for our customers.
For most brokers, who heavily rely upon owner operators, when an owner operator drops off a load, the office scrambles to find another owner operator (who may also decide to drop the load). The cycle may repeat itself, resulting in service failures, and reluctance by the shipper to deal with brokers. In fact, it’s probably the biggest hit against most brokers.

Tucker’s carriers have resources, so when a carrier commits to haul from A to B, and one of their drivers is delayed, more times than not, another of their drivers is already on the load, seamlessly and invisibly to the customer! That is solid carrier relationships. That’s one of the many Tucker benefits. 

Wednesday, February 1, 2017

LATE 2016 CAPACITY FORESHADOWS TRUCKINGS IMPENDING ELD TRUCKMAGEDDON

LATE 2016 CAPACITY FORESHADOWS TRUCKINGS IMPENDING ELD TRUCKMAGEDDON
In late 2016, truck capacity began disappearing quickly, where even expediting truckers, who charge significant premiums over market pricing, were booked days in advance.
In 11 months, the ELD mandate takes hold, requires every truck using paper logs to be converted to electronic logging devices, “ELDs.” So what’s the big deal?  A large cold-chain carrier executive visited us, discussing recent acquisitions it made, indicating the carriers it acquired who used paper logs were doing 30% more miles than its ELD-equipped fleet. Yes, that’s 30% more miles than ELD fleets!!!
A recent study by Truckstop.com, which was reviewed at their Connected 2016 conference in November, detailed surveys from drivers showing about 5% of them would choose to exit the industry rather than convert to using ELDs.
ELDs will undoubtedly reduce miles driven by the nation’s aggregate fleets. Will it be 12-14% like many experts have stated? Might it be more? Might it be only half as bad, like 6-7% reduction in available trucks?
Today’s trucking industry and U.S. inventory levels are as finely tuned as they’ve been in history, largely due to technology. The difference between a soft 2016 and a “Katie, bar the doors” capacity starved moment is usually just a snowstorm away.  In a discussion with Scott Moscrip, the founder and chairman of Truckstop.com, he told our CEO Jeff Tucker, that in late 2017, his data shows the U.S. experiencing the worst capacity shortage we’ve ever seen. Moscrip said, (paraphrased) it won’t be give me a truck—I don’t care what the price is. It may be that there simply won’t be a truck at any price. He’s not alone. Many of the experts we’ve been talking with are painting a grim picture for truck capacity. If late 2016 is any indication of what’s to come, better prepare now. How?

Keep your friends (existing service providers) very close. Now is the time. By summer it may be too late. 

Monday, January 30, 2017

TUCKER NAMED A TOP 3PL BY TWO TRADE JOURNALS

TUCKER NAMED A TOP 3PL BY TWO TRADE JOURNALS
We are pleased to report that Tucker Company Worldwide received recognition by two leading logistics magazines. Inbound Logistics Magazine has named Tucker a “Top 100 3PL” again. Implementing and managing inbound logistics programs for major U.S. manufacturers is a key service offering, so the ongoing recognition by Inbound Logistics Magazine is much appreciated.
Additionally, Global Trade Magazine named Tucker a “Leading 3PL” for the third year in a row! Global Trade is marketed to U.S. businesses doing business globally.

The acknowledgment made by both magazines is outstanding and greatly appreciated by every employee at Tucker Company Worldwide. 

Thursday, January 26, 2017

INTERMODAL FIGHTING TRUCKING TO KEEP GAINS

INTERMODAL FIGHTING TRUCKING TO KEEP GAINS:
With fuel at very low prices and dry van needs relatively soft for much of the past year, intermodal finds itself on an unfamiliar track—fighting back a trucking market that’s trying to reclaim lost traffic.
We’re hearing concrete examples from some of our carriers, and seeing data, like a report from RBC Capital Markets, describing how some shippers are using trucking to circumvent, or supplement intermodal, especially when they are captive to one railroad. They might truck to a nearby competitor’s ramp, or simply convert rail to truck, when economics make sense. 

Tuesday, January 24, 2017

FOR HIRE CARRIER POPULATION CONTINUES TO RISE

FOR HIRE CARRIER POPULATION CONTINUES TO RISE
According to U.S. DOT data assembled by our affiliate, QualifiedCarriers.com, the number of active
for-hire carriers continued to climb through 2016, with the exception of a decline between October 2015 and January 2016. By June 2016, historical highs were achieved, and have grown each month since then.  Analysts often tell stories regarding an uptick in trucking bankruptcies, however, the industry’s net growth tells the fuller story. Examining where the growth occurred, it was in fleets of all sizes, but especially in smaller fleets. Major trade journals often cover stories telling of major consolidations primarily focusing on the largest fleets (500+) trucks. The larger fleets have seen stable numbers over the past four years. 
All other categories of carrier sizes have been increasing and continue to do so.  At Tucker, we’re big believers in a robust, rich and expanding trucking market, and believe it fuels U.S. economic growth and keeps freight and products flowing efficiently and cost effectively. 

Friday, January 20, 2017

TEMPERATURE CONTROL FREIGHT IS HOT & GETTING HOTTER

TEMPERATURE CONTROL FREIGHT IS HOT & GETTING HOTTER
While 2016 was fairly soft most of the year, capacity tightened dramatically in the 4th quarter. One segment of trucking fared far better than the rest, all year—temperature control. If you ship using temperature controlled equipment, it’s likely that the next 10 years will be exceptionally challenging for you.
Factors driving the higher demand for temperature-controlled freight include: (a) increased adoption of whole foods, organic foods, gluten-free and other products that spoil more quickly than others; (b) FDA’s Food Safety Modernization Act (FSMA) increased the burden on food shippers, carriers and even brokers, to control temperature and better protect food; (c) a rush by over-the-counter product manufacturers and homeopathic manufacturers to guarantee controlled room temperature (CRT) throughout the manufacturing stages, through transportation, right up to the delivery to the retailer. As manufacturers require products to be transported as temperature controlled shipments, clean, dry and odor free capacity could come at a much higher cost, if it’s even available.
Expect truck shortages and rate increases far worse than the dry van sector due to rapid industry consolidation and more private equity flowing into the temperature controlled arena. In fact, it’s already begun and is expected to continue for many years. Another thing to expect is deteriorating quality from some of the larger refrigerated transportation providers. As their options for pricing and maximizing their ROI can be solid far into the foreseeable future, customer service may take a back seat.

We’re watching this closely, and have been aligning ourselves with some of the best performing temp-control carriers in the business. We’ve been getting ready for years. 

Friday, August 12, 2016

Tucker Company Named One of America’s Leading 3PLs for 2016 by Global Trade Magazine

Tucker Company Worldwide, Inc., a customer-focused Third Party Logistics service provider (“3PL”), is pleased to announce that it has been selected as one of America’s Leading 3PLs for 2016 by Global Trade Magazine.

“All of our Team at Tucker are so pleased to be named by Global Trade Magazine as one of “America’s Leading 3PLs” in 2016. Nothing is better than being recognized leading logistics innovator and problem solver. Our team thrives on helping customers run their businesses better through timely service, effective use of tools, data and collaboration that changes business behaviors in positive, meaningful ways," said CEO Jeff Tucker.

About Global Trade Magazine’s Report
Global Trade magazine's fourth annual America's Leading 3PLs report has named the top 105 third-party logistics companies for 2016, selected by the publication's editors based on the providers' abilities to serve the diverse and complicated needs of Global Trade's audience of U.S.-based manufacturers that export. Companies were selected to one of 10 needs-based categories—Global, North American, Technology, Innovative, Temperature-Controlled, Versatile, Specialty Services, Specialty Cargo, Greenest, and 15 To Watch.