Success in Trucking and Surviving a Tough Market with Adam Wingfield | Ep 16
This week, I talked to Adam Wingfield, founder of Innovative Logistics Group, and a seasoned trucking professional with over 20 years of experience.
We talked about the impact of detention, fraud in trucking, market predictions, and advice for small carriers navigating the current trucking market.
Check out Adam’s Trucking Road to Success Membership, an effort to bring small carriers together and provide mutual support through the Innovative Logistics University
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Episode Highlights
Adam’s Background
- Early Interest: Developed a fascination with trucks during childhood.
- First Experience: Drove a truck for the first time at age 11.
- Career Start: Obtained Commercial Driver’s License (CDL) at age 21.
- Passion: Deep passion for truck driving and the industry.
Related article: How To Get Your Commercial Driver’s License (CDL)
Challenges in the Trucking Industry
- Wait Times: Example of waiting 12-16 hours at receivers.
- Impact on Drivers: Wastes time, reduces earnings, increases fatigue.
- Impact on Small Carriers: They make up 96% of the industry and suffer significant financial losses.
- Driver Detention: Lack of accountability for long wait times.
- Consequences: Reduced efficiency, lower job satisfaction, increased operational costs.
Financial and Safety Concerns
- Financial Losses: Detention leads to substantial financial losses for drivers and carriers.
- Safety Risks: Longer wait times contribute to driver fatigue, increasing the likelihood of accidents.
- Brokers’ Role: Brokers often do not address detention issues adequately.
Solutions to Detention Issues
- Accountability: Shippers and receivers should be financially responsible for detention.
- Technological Advances: Implementing automated unloading and artificial intelligence (AI) to streamline processes.
- Warehouse Automation: Use of technology to enhance efficiency, reduce wait times, and improve safety.
AI and Technology in Trucking
- AI for Safety: AI can assist drivers in maintaining safety and efficiency.
- Driverless Trucks: Potential future where AI drives trucks, reducing human error.
- Comparison: AI in warehouses vs. AI in trucks—warehouses have already seen significant automation benefits.
Impact of AI on Jobs
- Job Transformation: AI will create smarter, more technologically advanced jobs rather than eliminating them.
- Historical Perspective: Similar to how technological advances in the past (e.g., automation in telephone operations) have shifted job landscapes.
Fraud in the Trucking Industry
- Double Brokering: Increase in fraudulent activities where loads are brokered multiple times.
- Impact: Financial losses for carriers, erosion of trust in the system.
- Fraudulent Brokers: Rise in brokers who deceive carriers, causing financial and operational disruptions.
- Brokers’ Reluctance: Brokers often hesitant to work with new carriers due to fraud risks.
Related article: How to Avoid Freight Scams and Fraud in Trucking
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