HUB International Wisconsin Publishes 2023 Outlook on Transportation

Hub International Wisconsin has released its transportation outlook for 2023. It notes that fleets that make the proper investment in driver recruitment and retention, technology, and cyber defense mechanisms can reduce the risk of a catastrophic event impacting their operations. In addition, it outlines how rising costs and supply chain challenges continue to dampen profitability for light- and medium-duty fleet carriers, and how relief, unfortunately, doesn’t appear imminent in the new year. In addition to the economic and supply chain hurdles, regulatory changes and a severe driver shortage are forcing fleets to invest in their drivers, as well as technological advances to keep them safe and reduce risks while on the road.