To highlight the impact weather can have on trucking, and to highlight their new partnership, TransFX, which is seeking to offer trucking freight futures contracts, and Riskpulse, a supply chain risk analytics firm, have produced an infographic that provides a few surprising facts about weather-related delays.
Weather is said to be responsible for 23% of all truck delays and costs the industry up to $3.5 billion annually. Snow and ice are responsible for more than 50% of all weather-related delays and the cost of delays in severe situations such as hurricanes or blizzards due to lost capacity can be $100 million a day or more.
For more on the TransFX and Riskpulse partnership, read: TransFX taps Riskpulse weather data for futures contracts.
To see more interesting facts, scroll through the below infographic.
