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Uber Freight report unveils the trucking industry might be driving double the estimated empty miles, pointing to the need for better load visibility and optimal routing.
The trucking industry could be driving nearly double the initially estimated empty miles, according to a report from Uber Freight. It suggests between 20% to 35% of the estimated 175 billion miles driven annually in the U.S. are likely empty, contradicting previous estimates of 15%-20%. Underreporting by fleets and survey bias towards larger, more efficient carriers contribute to this discrepancy.
By using government and other existing data, Uber Freight concluded that better visibility over loads, optimal routing control, and industry flexibility could potentially reduce empty miles by up to 64%, effectively leading to a 23% decrease in overall miles driven by freight trucks.
Source: TransportTopics
How many of freight’s empty miles can we eliminate? Our research team has the answer: https://t.co/9KTjY4vYZg⅔-of-empty-miles-can-be-eliminated-heres-how/ pic.twitter.com/ZMKJZYxpMs
— Uber Freight (@UberFreight) June 28, 2023
Plus, STG's path out of bankruptcy, Wyoming's "Truck Around and Find Out" operation, what "phantom capacity" means for Mexico lanes, and more in today's newsletter.
Plus, a cabless autonomous truck just raised $24M, non-domiciled CDLs rules need clarifying, CSX posts a 26% profit jump while watching the UP-NS merger closely, and more in today's newsletter.
Plus, USPS gives non-domiciled CDL carriers an 11-day deadline, the spot-to-contract spread starts squeezing 3PLs, Knight-Swift trims its Q1 guide but stays bullish, and more.
Plus: 170+ truckers removed in Florida, new bill proposes $5M motor carrier insurance, truck sales take a huge dive, and more.
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