In this episode, I’m talking with Adam Wingfield. This episode is all about building systems, process, and handling compliance issues with small carriers in the trucking industry.
If you don't know much about the trucking industry, you will learn their business model, their greatest challenges, and you'll get to see some interesting tips about efficiency that you can apply really to any industry.
Adam's a member of our Process People community. He's a Trainual certified consultant based out in Charlotte, North Carolina, and he's been in the trucking industry for 22 years. He's the founder and managing director of Innovative Logistics Group, which is a trucking consulting and carrier services firm. He also co-founded a company called InnoPortal, a trucking dispatch system, which in just the last two years has done over $80 million in transactions. So, Adam knows his stuff.
What I liked about this episode, is just really digging into a different industry that maybe you're not so aware of. He talks about the success rate and the failure rate of how many businesses are getting started in this industry. And we go all the way into these autonomous vehicles and some of the future changes that will impact this industry in the future. So as you listen to this, I want you to think about your industry and how these nuggets can apply to what you are doing.
- The state of the trucking industry. (3:08)
- Small vs. large trucking carriers. (6:41)
- Compliance issues are a lack of systems. (13:19)
- Efficiency is everything in business. (22:38)
- Is autonomous trucking the future? (29:26)