4 Ways Smart Trailer Technology Can Boost Trailer Utilization
A stretched-to-the-limits supply chain has highlighted trucking’s essential role in transporting goods throughout the country. But a trailer shortage that’s forecasted to extend far into 2022 is forcing trucking companies to make do with the trailers they already have. As a result, improving trailer-to-tractor ratios by maximizing trailer utilization has become even more important than ever. Trailer utilization refers to the percentage of cargo space that’s used, and also to the percentage of time a trailer is on the road making money for the company. It’s common for less-than-truckload companies to underutilize the capacity in their trailers. It’s also common for trailers to sit idle at least 30% of the time. Every minute a trailer is parked in the yard or the maintenance shop, the company’s return on investment in that trailer is reduced. One reason trailers sit idle is the increased use of drop-and-hook, designed to maximize drivers’ time. Companies need extra trailers to ensu...