In Transit Visibility: It's All About Mobility, Visibility And ControlSource: Intermec, Inc.
The transportation and logistics industry has been among the hardest hit by recent challenges to the world economy, and the market is poised for increased complexity. Freight volumes are down while fuel costs rapidly rise. Changes in regulatory requirements and a short supply of qualified drivers have only intensified the situation.
Although these challenges are widely recognized, customers continue to demand premium services, more options, more information; simply put, more for their money.
Transportation companies know they must respond to customer demands as well as the industry’s competitive pressures, but turning a profit is paramount, and, as any business student knows, it all comes down to increasing revenue while reducing costs.