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NEWS & EVENTS
November 1st, 2023
Fuel prices dropped nationwide the week of Oct. 30, with both diesel and gasoline prices all decreasing in the least and most expensive regions to buy fuel. Fuel prices have continued to cool off after the summer heat, even in the Rocky Mountains and Midwest regions, where both regions experienced an uptick in diesel costs last week.
August 16th, 2023
Yellow Corporation (NASDAQ: YELL) and certain of its direct and indirect subsidiaries (collectively, the “Company” or “Yellow”) filed voluntary petitions for relief under Chapter 11 (the “Chapter 11 Cases”) of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware for the Company’s planned operational wind-down.
April 12, 2023
Truck prices are ridiculously high now. Fuel prices, too. Inflation is making everything cost more — while freight rates continue to fall. Carriers are going out of business.
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It’s a terrible time for trucking, right? Well … maybe it’s not so bad.
April 5, 2023
Most of the nation’s freight is moved by truck. Yet, there’s only one parking spot for every 11 trucks on the road, resulting in drivers wasting an average of one hour every day trying to secure safe parking.
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New legislation, however, aims to dramatically increase designated parking spaces for commercial trucks and is garnering a lot of...
February 27, 2023
It should be obvious that buying your own truck is equal to starting your own business. Sure, you’ll be able to make more decisions for yourself, such as what to haul, where to go and when to work.
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You’ll also be responsible for managing the business and whether it is profitable. And, on top of that, you’ll be in charge of some personal things an employer might be doing on your behalf, such as...
November 29, 2022
The U.S. average price for diesel fuel has dropped for the third week in a row, defying expectations that trucking’s main fuel would surge on fall-to-winter inventories that dipped recently to a nationwide supply of less than a month.
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The price of diesel has fallen 17.2 cents in the past two weeks. The diesel average was down 9.2 cents to $5.141 per gallon, according to U.S. Energy Information Administration (EIA) data for the week of Nov. 28, and the fuel declined in every region of the country. This decrease follows an....
November 22, 2022
The Federal Motor Carrier Safety Administration is considering tweaking ELD regulations, and trucking stakeholders are split as to whether changes would clarify points of confusion or further complicate already contentious rules. In a notice published in the Federal Register, the FMCSA sought comments concerning the ELD certification process, the pre-2000 engine exception, and whether certain issued guidances should be codified into regulation.
November 8, 2022
Professional truck drivers hold one of the most dangerous occupations in the U.S. While more driver-assistance technology is making trucking safer, the biggest safety problem fleets face on the road is smaller than the trucks they operate: distracted passenger car drivers.
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“As you all know, distracted driving is a serious, serious problem,” said Steve Fields, a professional truck driver for 36 years. “I would venture to say that for every 10 cars that pass me on the road today, they are doing something that is distracting. It’s alarming. It’s scary.”
March 9, 2022
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.
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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.
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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.
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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.
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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:
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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.
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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. ...