{"id":2777,"date":"2023-01-31T08:59:50","date_gmt":"2023-01-31T13:59:50","guid":{"rendered":"https:\/\/www.xtl.com\/portal\/?p=2777"},"modified":"2023-01-31T09:04:27","modified_gmt":"2023-01-31T14:04:27","slug":"2022-year-in-review-xtl-the-transportation-industry","status":"publish","type":"post","link":"https:\/\/www.xtl.com\/portal\/2022-year-in-review-xtl-the-transportation-industry\/","title":{"rendered":"2022 Year in Review &#8211; XTL &#038; the Transportation Industry"},"content":{"rendered":"<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:2,&quot;335551620&quot;:2,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><span data-contrast=\"none\">2022 was <\/span><span data-contrast=\"none\">another year of challenges and opportunity<\/span> <span data-contrast=\"none\">for everyone in supply chain. <\/span><span data-contrast=\"auto\">While freight levels started to normalize after record disruptions in 2020 and 2021, there were still a number of micro and macro-economic factors impacting the supply chain.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Here\u2019s a quick snapshot of the milestones we achieved in 2022 as well as some of the major market forces that challenged the industry last year.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><b><span data-contrast=\"none\">2022 Milestones at XTL<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">We are proud of what we accomplished in 2022; here is a few milestones that stuck out:\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">20 years of XTL Logistics.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Opening of XTL Logistics office in Delta, BC, bringing the logistics operation to each of our major 4 service areas\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Opening of XTL Distribution in Calgary, AB which completed the establishment of all three of our distinct service offerings in each of our 4 service areas<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">15 years operating in British Columbia<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Recipient of Trucking HR Canada\u2019s Top Fleet of Distinction Award for the second year in a row, as well as the award for Top Medium Fleet<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Fleet expansion with 32<\/span> <span data-contrast=\"auto\">new trucks and 30<\/span> <span data-contrast=\"auto\">new trailers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><b><span data-contrast=\"auto\">Key Industry Trends and Challenges in 2022<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><b><span data-contrast=\"auto\">Freight Demand\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Freight demand began to settle towards the end of 2022 compared to the remarkably high levels of 2020 and 2021. This was the result of a combination of new entrants in the truck market and a change in consumer buying habits related to the decline of stimulus programs, a return to spending on services over products, and inflation increasing the cost of consumer goods. <\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><b><span data-contrast=\"auto\">Labour<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Recruiting and retention efforts were high across the industry as supply chain companies competed with other industries for labour as more workplaces opened back up. The ongoing driver shortage continued to be top of mind as driver unemployment remained low, but vacancies remained high. Similar vacancy trends were seen across various trucking and logistics positions as well, including shippers and receivers, dispatch, material handlers and mechanics. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><b><span data-contrast=\"auto\">Equipment &amp; Part Shortages<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Many organizations in the trucking industry reported continued equipment shortages in 2022 as a result of ongoing supply issues. This was challenging for some businesses that were prepared to grow but were unable to do so due to the high cost in the market and the backlog of parts. Factors affecting the high cost of parts and equipment could be <\/span><span data-contrast=\"auto\">attributed to price increases in raw materials such as steel, aluminum, zinc, copper, rubber, and wood, amounting to an average price increase of $40,000 for trailer when compared to 2021. <\/span><span data-contrast=\"auto\">Due to partnerships with our key suppliers, we\u2019ve been able to mitigate shortages and secure equipment throughout 2022 and into 2023.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><b><span data-contrast=\"auto\">Outlook for 2023\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Partnership will continue to be a key theme for 2023. It is expected that the demand for freight will continue to reflect changes in consumer buying habits, and that demand for equipment and labour will remain high. Ensuring you have the right supply chain partner will help you navigate the changing climate. O<\/span><span data-contrast=\"none\">ur nation-wide team of drivers, logistics professionals and distribution specialists will continue<\/span> <span data-contrast=\"none\">to rise to meet the challenges ahead.\u00a0 Contact XTL Today if you need help with your shipping needs in 2023.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a02022 was another year of challenges and opportunity for everyone in supply chain. While freight levels started to normalize after record disruptions in 2020 and 2021, there were still a number of micro and macro-economic factors impacting the supply chain.\u00a0\u00a0 Here\u2019s a quick snapshot of the milestones we achieved in 2022 as well as some of the major market forces that challenged the industry last year.\u00a0\u00a0 \u00a02022 Milestones at XTL\u00a0 We are proud of what we accomplished in 2022; here &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.xtl.com\/portal\/2022-year-in-review-xtl-the-transportation-industry\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;2022 Year in Review &#8211; XTL &#038; the Transportation Industry&#8221;<\/span><\/a><\/p>\n","protected":false},"author":27,"featured_media":2781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7,1],"tags":[],"class_list":["post-2777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-versions","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2022 Year in Review - XTL &amp; the Transportation Industry - XTL Transport Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xtl.com\/portal\/2022-year-in-review-xtl-the-transportation-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2022 Year in Review - XTL &amp; the Transportation Industry - XTL Transport Inc.\" \/>\n<meta property=\"og:description\" content=\"\u00a02022 was another year of challenges and opportunity for everyone in supply chain. While freight levels started to normalize after record disruptions in 2020 and 2021, there were still a number of micro and macro-economic factors impacting the supply chain.\u00a0\u00a0 Here\u2019s a quick snapshot of the milestones we achieved in 2022 as well as some of the major market forces that challenged the industry last year.\u00a0\u00a0 \u00a02022 Milestones at XTL\u00a0 We are proud of what we accomplished in 2022; here &hellip; Continue reading &quot;2022 Year in Review &#8211; XTL &#038; the Transportation Industry&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.xtl.com\/portal\/2022-year-in-review-xtl-the-transportation-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"XTL Transport Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T13:59:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-31T14:04:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2023\/01\/960x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"959\" \/>\n\t<meta property=\"og:image:height\" content=\"617\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Patrick Lawler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Patrick Lawler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2022-year-in-review-xtl-the-transportation-industry\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2022-year-in-review-xtl-the-transportation-industry\\\/\"},\"author\":{\"name\":\"Patrick Lawler\",\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/#\\\/schema\\\/person\\\/555323684327207d7f187e622e0aa692\"},\"headline\":\"2022 Year in Review &#8211; 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