Stephen Patrick Day, CEO of Logistics Group International (LGI), is an experienced leader in the logistics industry. For almost twenty years, Stephen Day has led Houston-based LGI, and he has seen the logistics industry evolve significantly during that time. However, many of the same challenges are seen today that were present years ago.
Fuel costs are the perennial bane of transportation. Fuel costs affect the price of just about every good imaginable. They are one of the highest operational expenses in the logistics industry, and rising fuel prices in the US are a growing concern.
Leaders in the logistics industry are setting expectations with e-commerce customers that are very difficult for smaller players to meet. Customers are increasingly expecting full transparency, and want to know where their shipments are at all times to streamline their own operations. Logistics companies that can’t keep up are set to lose business.
And, of course, environmental issues are a growing challenge. Virtually all environmental regulations add to operational costs, and the logistics industry is poorly positioned to implement large scale overhauls to conform to regulatory changes should they be brought on too rapidly.
Stephen Day 