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Jeff Tucker, CEO of Tucker Company Worldwide, reviews lessons learned and offers current advice relative to the capacity crunch of 2017.

Transparency is a valuable and sought-after trait for all of today’s top industry players, especially now that things such as business integrity and proactive problem-solving sometimes are baseline requirements of today’s consumer.

We keep seeing signs that things are looking up for the trucking industry. Most of the relevant economic indicators are favorable for trucking. Commodities are getting stronger, oil rig counts are increasing and the housing recovery is persisting. At the same time, small businesses are feeling a greater sense of optimism, and improvements to the tax code may boost entrepreneurialism. Low unemployment rates ultimately will lead to higher wages, giving consumers more money to spend and putting more goods on trucks.

The recent announcement that Knight Transportation and Swift Transportation are merging is a much bigger and industry-changing event than realized. It comes on the heels of another major development: the public offering by Schneider. In three years, these two deals will be viewed as having set in motion a number of mergers and acquisitions at a pace never witnessed before in the truckload and intermodal industry.

There is nothing fun about not getting paid for the loads you have hauled. But unfortunately, every small trucking company and owner-operator will encounter clients who sometimes take 45 to 60 days — or longer — to pay.

Trucking can always use more technology. That’s one reason we see so many tech startups in the industry these days.

The American trucking industry depends on drivers: a simple statement but one that bears repeating. As president of American Trucking Associations, I have the great privilege of representing 3.5 million professional truck drivers, working on their behalf in Washington to make our industry better, to make their jobs easier.

As I prepare to serve as chairman of the Transportation Intermediaries Association for the next two years, I reflect on my experience with the association. Throughout the past 13 years of attending TIA events, participating on various committees and investing time as a board member and executive committee member, I have experienced firsthand the benefits that come from associating with and investing in TIA.

Throughout Donald Trump’s campaign for president, slashing regulations was a core theme. Many of President Trump’s Cabinet nominees are long-standing opponents of a heavily regulated business environment. I welcome this time to catch our breath. The rate of regulatory change in the trucking industry has been too rapid for many businesses to keep pace.