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In uncertain, shifting market conditions, predicting shifting consumer demand or the next move in international trade may be impossible, but there are three simple tools at your disposal that are always worth considering. Let's take a look!
In uncertain market conditions it’s more important than ever to be efficient with the trailers you have on the road. This is where leveraging the latest trailer tech and trailer features comes in.
Empty, idle trailers generate no revenue. But not having enough trailers to meet upswings in demand also leaves money on the table. In times of fluctuating demand, renting and leasing trailers gives you flexibility to scale your fleet to take advantage of changing market conditions and to reduce capital and operating expenses. Plus, renting or leasing trailers is a cost-effective way to upgrade your fleet to the latest equipment and technology even if you own enough trailers to meet demand.
Even as changing government policies and regulations contribute to fluctuating economic conditions, one aspect remains: ATA estimates that the industry continues to have a shortage of more than 60,000 drivers. So finding ways to attract and retain your drivers is a key component of fleet management today. To fill positions, many carriers have used tactics such as raising driver pay, increasing bonuses, and offering incentives ranging from college tuition to stock ownership.
Here are some other ideas to consider:
At Premier, we strive to make your day better, whether that’s through a faster check-out process, helping your team get comfortable with our trailer tech or simply by supporting you with our national branch network and flexible approach to leasing. Give us a call if you'd like to discuss how we can be a resource for you.
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