FMCSA has published a ruling that outlines requirements for brokers to ensure carriers are compensate. The agency has issued a final rule to ensure brokers have the money necessary to compensate carriers. Brokers and freight forwarders must maintain at least $75,000 in readily available assets for financial security.
A survey found a decrease in driver happiness from 2019 to 2023. Top driver concerns were compensation and communication. Truck drivers aren’t as happy as they were before the pandemic. Better pay and better communication are the top two ways employers could improve the job. In a for-hire fleet specifically, miles are controllable, but they’re […]
If you think your business is immune to fleet fraud, think again. Both external and internal fraud can affect trucking companies. Organizations lose 5% of their annual revenues to fraud—a startling statistic. That equals $4 trillion worldwide. An expert explained that fraud affects the price we pay for goods and services. For every $1 of […]
Small- and medium-sized fleets plan to invest in technology to help in a challenging economy. Smaller fleets risk losing their competitive edge if they do not invest in asset tracking. It’s no wonder owner-operators and smaller carriers are exiting the industry, leaving fleet managers to consider what technologies to invest in to secure the future […]
Detention management is among the top problems facing drivers and fleets. Driver detention ranked as a top industry challenge, according to the American Transportation Research Institute. However, some fleets are successfully deploying strategies to combat this time-killing supply chain. Senior solutions architects recently surveyed large fleet companies that they felt had a “good handle” on […]
Trucking freight and equipment markets have already hit bottom and won’t dig deeper, but the bounce back upward will be slow. Freight markets and the related equipment demand have bottomed out, but recovery will be slow, a transportation forecaster told trailer dealers here Thursday. But the good news is that the current activity level, while […]
As trucking costs continue to climb, fleets and drivers can turn to tools and services already on the market to help keep expenses in check and maintain profitability. For the second year in a row, trucking costs are rising. In the same period and continuing today, declining freight volumes and excess carrying capacity have compounded […]
Motor carriers using either Falcon ELD or KSK ELD must replace the devices by Nov. 13 . The Federal Motor Carrier Safety Administration (FMCSA) has removed Falcon ELD and KSK ELD from its list of registered electronic logging devices. The Revoked ELD are since a spate of removals earlier this year. ELD providers must self-certify […]
Trucking industry data aggregator heightens its expectations for OEM trailer builds next year, attributing its rosier prognosis to a higher-than-expected U.S. gross domestic product and more normalized supply chains. Trailer builders have their work cut out for them, according to industry researchers who project higher demand for 2024, despite July 2023 reflecting the weakest trailer […]
Raising your voice is key to cutting the time it takes to find parking spots for truckers. It’s a mistake to assume lawmakers are aware of how dire the need for parking is. Parking has become the No. 1 issue for professional drivers today, but a fix is available to solve this crisis. Now it is […]