Parts availability and prices are among the biggest problems facing independent drivers. Inflation is pushing owner-operators to readjust routes and loads. With economic pressures including record inflation, still-high diesel prices, and volatile freight markets hurting the bottom line of even the largest carriers, owner-operators are having to stay on their toes as they navigate the […]
Time spent reviewing your fleet’s operations can help pinpoint weaknesses and provide opportunities for improvements. Probably of that you have not had time to re-evaluate your existing practices and procedures. As supply chain issues are getting resolved and more businesses are returning to normal operations. Now is a good time to take a step back […]
Choosing a finance partner with trucking industry knowledge can better help fleets navigate market swings and pending regulations. Given the recent failures and resulting concerns Americans have in the banking industry. Now seems like a great time to revisit the characteristics you should look for in your financing source.
The spot market economy for freight has been “recovering” for much of the time. The latest catchphrases for the market critical to smaller fleets and owner-operators are “soft” according to the latest from the research. A industry researcher, characterize the spot market economy as “soft”! Especially in two critical segments of freight-hauling: dry van and […]
ELD data now shows where shippers, traffic, and other problems hold up more drivers and slow freight. It’s time to be proactive in combating detention time if fleets want to be more efficient—and safer. А simple rule that if you don’t show up 15 minutes early, you were considered late. Detention time Detention time strains […]
Fleets share how they’ve endured truck, trailer equipment shortages. As fleets continue to struggle with parts shortages, procuring new equipment, and rising maintenance costs, they are forced to think of new, creative ways to keep their operations running. Fleets today are finding more ways to get creative as trucking equipment is still hard to come […]
Fleet Advantage latest benchmarking survey details fleets’ growing focus on environmental goals. The latest industry benchmarking survey from Fleet Advantage shows a growing number of carriers plan to deploy alternative-fuel vehicles sooner than later. The report also indicates that maintenance and repair trends remain top of mind and that fleets are focusing more on modernizing […]
Maintenance and repair costs rise, but rate of increase slows despite headwinds, fleet maintenance operations continue to offset increases. Parts and labor cost data indicate that significant cost challenges continue to impact fleets through 2023.
Finding the best lanes doesn’t require a crystal ball—the process is just different now than before COVID-19 and requires better communication and coordination between shippers and carriers. The only thing predictable with the freight market today seems to be its unpredictability. Before COVID-19, there was some ability to foresee highs and lows in freight volume […]
Wabash set higher bars across the board in Q4. They have revenue of $657.4 million. Operating income of $57.7 million with operating margin of 8.8%. Earnings per diluted share of 84 cents. Record backlog of $3.4 billion, up 46% compared to Q3 and 34% above December 2021. For the full year of 2022, revenue totaled […]
