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The surging production of crude oil and natural gas in the Permian Basin have added more pressure to the already low numbers of available capacity within the transportation and logistics industry. But, you won’t hear carriers complaining as they rake in the dough.

Trimble Transportation CTO Timothy Leonard recently joined a panel of leading technology companies to discuss the “Future of Transportation” at Morgan Stanley’s Canadian Emerging Tech Conference. Leonard was joined by Andrew Macdonald, vice president and regional general manager of Asia-Pacific at Uber, and Colin Sutherland, EVP of sales and marketing at Geotab, a telematics company.

Customer relationships can make or break your business. They can help you maintain a steady income, connect you with possible other customers, or they can leave your business in the dust and look for a new provider. 

Keeping your fleet in tip-top shape is what keeps your business moving forward. Taking trucks off the road affects your bottom line, so it is important to conduct regular maintenance checks to prevent out of service violations.

Fuel prices fluctuate. Parts wear down, break over time and need to be replaced. Those are two constant operating costs that every fleet has to manage.

It can be tough to make the right move when you don’t see the whole playing field. Managing your business is a high-stakes strategy game that pits you against a huge number of obstacles, and it’s up to you to overcome them in the smartest way possible. If you want to win, you need to understand all of the pieces in play, what cards you have in your hand and what moves you can make.

Learn how to lead your fleet to victory by checking out our latest infographic about the numbers game that is trucking:

Imagine that one of the trucks in your fleet has surpassed 100,000 miles. It undergoes the regular 100,000-mile maintenance test and a few parts were replaced due to normal wear and tear, but otherwise, everything seems fine. Then, a few weeks later, you get a call that the truck is broken down on the side of the highway, far away from the nearest town.

In a speech addressing Congress on May 8, Douglas Maughan urged the US to lead the way on blockchain development by calling it the “technology of the future.” As the Division Director of Science and Technology for the US Department of Homeland Security, Maughan met with the House Committee on Science, Space and Technology to highlight the benefits of blockchain in business applications--particularly in shipping, logistics and customs--with an emphasis on supply chain management.

Imagine being put in charge of finding ways to boost your company’s bottom line. You automatically think of two ways: a huge influx of profitable new business or a significant reduction in operating costs. 

However, you know that option number one isn’t likely. So, you begin rummaging through the books looking for any and every way to save a penny. Knowing that your top three costs are equipment, driver wages and fuel, which is easiest to control?