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Industry Facing Significant Challenges with Unbalanced Truck to Cargo Availability

Our industry continues to face significant challenges relative to the growing shortage of qualified drivers available within the U.S. trucking portion of the supply chain. A report from the American Trucking Association says more than 70 percent of goods consumed in the U.S. are moved by truck, but the industry needs to hire almost 900,000 more drivers to meet rising demand.

Freight demand has mirrored the strengthening U.S. economy for months. According to an industry analysis by online freight marketplace DAT Solutions, just one truck was available for every 12 loads needing to be shipped at the start of 2018, which represents the most unbalanced market since 2005. However, only a week later, reports that the demand for trucks pushed load-to-truck ratios even higher, including an all-time record-high of 14.7 loads per truck for dry loads.

This uptick in demand has hit the trucking market simultaneously with new federal safety rules, further exacerbating the problem by eliminating some drivers from the availability pool.

Factors contributing to this market volatility include:

Despite these industry-wide challenges, Crowley continues its commitment to partnership with our core carriers to mitigate further cost increases, while maintaining high levels of service and safety. We have completed the installation of Electronic Logging Devices with our fleet. We are adding other ELD units as drivers return to service from repairs, vacation, etc. Our inland transportation department has been working closely with our trucking agents and drivers to support the day to day operation and technical aspects of the ELD system. We are seeing daily improvement in the utilization as drivers become accustomed to the technology and ELD system. We also remain committed to increasing the velocity of your supply chain and are exploring additional options including expansion of our carrier capacity network to offset these ongoing challenges to our industry.

If you have additional questions, please contact your sales representative or the Customer Care Department at 1-800-CROWLEY.