A positive trucking conditions index illustrates some of the challenges the manufacturing and distributions sectors have experienced as a result of winter storms. According to FleetOwner, FTR's "January Trucking Conditions Index" is at 8.82, suggesting a very positive environment for truckers.
Prices went up because winter weather lead to many capacity shortages. As companies seek to get things back on track during the recent thaw, trucking prices have stayed high. Jonathan Starks, director of transportation analysis for FTR, said that the index could jump again if snow, rain and slick conditions remain through March.
While manufacturers and distributors can't control the weather and will have to deal with increased shipping costs, they do have control over production inside their facilities with automated data collection. As the sectors improve, the time is ripe for technology upgrades. With improved technology for tracking orders and monitoring performance, organizations can save money by operating more efficiently.
Furthermore, with mobile data collection, they can stay abreast of weather conditions impacting merchandise that is in transit, either on its way in from suppliers or as an order on its way to customers. To ensure inventory control and customer satisfaction, updates about this information must be provided in real time.