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. […]
Road risks for truck drivers A recent study uses telematics data to show when road risks are the highest for truck drivers and fleets around the holidays. Safety is always a top priority for truck drivers, but this holiday season, there’s additional safety risk information they need to know. A recent study by transportation technology […]
Reverse logistics in trucking is the problem that retail companies and businesses have ignored and let pile up since the pandemic. 3PLs are still struggling to find a solution for all the consumer goods that get returned, a problem that gets larger during the holidays. The holiday shopping season is in full swing, with Christmas […]
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 […]
If supply falls further and peak season brings a bump there will be ‘an opportunity for rate recovery. Even possibly robust fourth quarter’ of 2023. The trucking sector is likely to see a measured recovery from its current downturn rather than a quick snap back. Spot rates have been flat—and “scraping the bottom”—for nearly two […]
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.
Slowing inflation means the Federal Reserve will slow down its pace of interest rate increases that it implemented to slow the overheated economy. A little over a year ago, the narrative from policy makers was that inflation was “transitory” and nothing to be so concerned about. Then supply chain issues deteriorated, a war broke out […]
Particularly in the last five months, the spot market where owner-operators and many smaller carriers find and price loads to haul has been on a road to recovery after a time when the spot market struggled, load board observers say. Trucking industry experts and load board operators these days describe the spot market for freight […]
Carriers turning to the used truck market to supplement tractor count have been met with record prices nearly every month, and that’s not likely to change in the immediate future. Through the first 10 months of the year, used truck sales activity is 4% higher compared to the same period a year ago, according to […]
A spike in November trailer order activity is the result of large fleets placing 2022 orders. Both ACT Research and FTR report that order activity trailed the same month last year by about 22% and 23%, respectively. Trailer orders for the past 12 months now total 267,000 units, according to FTR. The increase in order […]