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Managing the Dynamics of the U.S. Truck Market

Our industry continues to face significant challenges relative to the land transportation portion of the U.S. supply chain. The movement of goods consumed in the U.S. continues to rely heavily on trucking. A report from the national online freight marketplace survey company DAT Solutions indicates that for the second week in May, there was only one truck available for every 6.7 loads of cargo, creating an imbalance in truck supply and demand.

This increase in demand has affected the trucking market in parallel with a congested rail network and new federal safety regulations for drivers. The combination has exacerbated the supply and demand imbalance, and impacted trucking services pricing. Driver shortfalls are expected to surpass 63,000 positions this year. According to DAT Solutions, shipping costs for dry van cargo sit at $2.16 per mile, or 51-cents higher than a year ago.

In light of these industry-wide dynamics, we have developed the following initiatives to improve efficiencies in our trucking operations, which include restructuring the way we dispatch, pay, communicate, and collaborate with our trucking partners:

All of these initiatives are designed to improve and grow the transportation services we provide to our customers within this highly fluid market. We understand that the landscape of the U.S. inland portion of the supply chain is transforming. We remain committed to flexing with this changing market in a way that increases the velocity of your supply chain, provides customers with the best overall total landed cost, and expands the value proposition we provide as your choice supply chain partner.

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