Temptations to economize are hard to resist—but wise spending can keep costs down. Every aspect of life is affected by economic inflation. With no end in sight, companies are forced to adjust to rising costs. There are many ways fleets can try to save money, but it’s essential to know the difference between price and […]
The topics changed, but one theme remained consistent throughout 2023: the need to be proactive in trucking. Along the way, we underscored the need to continually update federal forms in March, as well as continually exercise self-restraint in August. We urged awareness around athletic team buses in September and respect for crash responders in October. […]
Insurance costs have risen significantly in the past decade, and 2024 should be no exception. What can expect when carriers manage insurance next year? Insurance is a major expense in trucking, especially for small fleets and owner-operators.
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.
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 […]
Winterizing your fleet in the fall can save you money and time in January. Shorter days and those bright, colorful leaves falling off the trees are a reminder that winter is coming. If your fleet hasn’t already started preparing for the harsh, frigid months ahead, there’s little time to waste. Preparation before winter is certainly […]
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 […]
Many in trucking lament what they perceive as regulatory overreach. We will face a continual flow of trucking regulations so long as highway safety deteriorates, so it pays to take safety into one’s own hands. It’s all about control. That’s what you can hear from frustrated fleet managers and their professional drivers—the government is trying […]
Forecast by ACT Research and other reports from DAT Freight & Analytics and FTR Transportation Intelligence still show slow markets, but an upside might be around the corner. A new outlook from ACT Research plus various recent reports on the spot and contract markets paint a picture of freight-hauling still in a down cycle that […]
Between the record exodus of fleets of late and a ‘bottoming’ spot market—and trends are developing in other modes. Also like ports and rail that affect over-the-road freight-hauling. Trucking capacity—because of a variety of factors such as a record exodus of fleets and a bottoming spot market—is bleeding capacity, one industry analyst said. Fleet failures […]