Truckload demand has been relatively flat to slightly up in the last 14 months based on several reliable truckload indices. That’s significant when considering some of the wild market fluctuations we’ve witnessed since the pandemic took hold of the economy.
Loads moved in DAT’s extensive freight network representing around $120 billion in annual freight spend, were flat in 2021, although contract volumes were down 14% y/y while spot volumes were up by the same amount. Representing the heavier side of the truckload freight task, the ATA For-Hire Truck Tonnage Index increased 0.6% sequentially in January, making it six consecutive months of gains (up 4.4% over that timeframe)....
February 3, 2022
The past few years have certainly brought their fair share of challenges to the transportation industry. We’ve navigated a pandemic, took on new regulatory requirements and dealt with a growing driver shortage.
To say it hasn’t been easy seems like an understatement.
August 20, 2021
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “bbb+” (Good) of Canal Insurance Company and Canal Indemnity Company, collectively referred to as Canal Group (Canal). The outlook of the Credit Ratings (ratings) has been revised to stable from positive.
The ratings reflect Canal’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
May 5, 2021
Gino Fontana, a vice president of operations for Transervice’s Berkeley Division, keeps track of various regional and national safety blitzes as part of his fleet maintenance program. “If Brake Safety Week is coming up, for example, we send notes to our shops in advance so that every piece of equipment that comes in — no matter what — they put an eye on the brakes, the brake lines, those types of things,” he said.
In 2020, lighting was the most common vehicle violations, comprising 12% of roadside violations, according to the Federal Motor Carrier Safety Administration. Cory Adams, vice president of engineering for Peterson Manufacturing, told American Trucker that many lighting issues could be addressed during post-trip inspections...
March 17, 2021
The jury is still out, but odds are that at least some of the regulatory activity involving the trucking industry that was not acted upon in the four years under the Trump administration will be considered by the Biden administration. That is possibly the case with the Cullum Owings Large Truck Safe Operating Speed Act of 2019. The bill that includes speed limiter legislation is described on Congress.gov, the official website for U.S. federal legislative information presented by the Library of Congress, as follows:
This bill directs the National Highway Traffic Safety Administration (NHTSA) to implement regulations to require (1) all new commercial motor...
February 2, 2021
Trucker Path has revealed the results of its Best Truck Stops winners among chain and independent facilities. The rankings were based on ratings, reviews, feedback and votes from among more than one million Trucker Path app users.
“We have more than 6,000 chain and independent truck stops listed in the Trucker Path app and we’re constantly adding new locations,” said Steven Lopez, vice president of business development at Trucker Path. “Trucker Path Best Truck Stops recognition lets drivers know they’ve come to the right place.”
January 8, 2021
Now that 2020 is hindsight, members of the trucking industry can — at some point — look forward to meeting in person again at events, where they can touch and feel the game-changing new equipment and trucks, talking needs and services over a cocktail and appetizer, and wandering around expo halls until they find that one thing or person that will help them revolutionize their business.
Unfortunately, until at least the spring, many traditional in-person events have been eschewed for virtual events. On the bright side, as the weather starts to warm up, it appears (for now) that we will all be able to meet again. ...
November 30, 2020
After a year of unparalleled economic growth in 2018, 2019 sputtered to the finish line, creating volatility in trucking operations and costs, according to findings released this week by the American Transportation Research Institute (ATRI).
The research organization’s 2020 update to its annual “An Analysis of the Operational Costs of Trucking” uses detailed financial data provided directly by motor carriers of all sectors and fleet sizes to document and analyze trucking costs from the previous two years.
September 4, 2020
Protecting Cargo from Thieves this Labor Day Weekend
Cargo theft typically increases over Labor Day weekend because thieves see an opportunity, says Scott Cornell of Travelers Insurance. He recently shared insights on how truckers can keep their freight and assets safe this holiday weekend.
The effects of the COVID-19 pandemic have brought new challenges to the supply chain, and the protection of cargo assets has become an even greater necessity for the trucking industry. Scott Cornell, transportation lead, crime and theft specialist at Travelers Insurance, shares insight on how to protect assets during Labor Day Weekend.
August 5, 2020
Trucking industry lobbyists are pushing legislators to temporarily halt the federal excise tax on new truck purchases and the annual Heavy Vehicle Use Tax levied against most Class 8 vehicles in the U.S. They say a suspension would help boost the economy.
Two long-standing truck taxes are in the industry's cross-hairs for suspensions that would provide temporary relief to independent drivers and carriers during the COVID-19 recession that has put extra strain on the trucking industry.
July 24, 2020
Over the past 10 years, the commercial auto industry has experienced its share of challenges that have impacted the transportation sector.
Nuclear verdicts, higher maintenance expenses, reduced freight demand and poor infrastructure, compounded by an aging workforce and driver shortage, have all led to the state of the insurance market today.