Although forecasts say the first quarter of 2023 will be particularly tough for the trucking industry. Trucking industry remains the most relied-upon freight transport mode in the U.S. High fuel and equipment prices, labor concerns, shipping rates, inflation, talks of a recession, and other economic factors have followed trucking into what is a historically quiet […]
Trucking’s main fuel falls for the seventh straight week, but three-week string of double-digit declines ends. With the U.S. average for trucking’s main fuel dropping another 5.9 cents to $4.537 per gallon. The decline wasn’t by double digits, as it had been the three prior weeks, but the 5.9-cent drop marked the seventh week in […]
Third week of declines cuts against expectations that trucking’s main fuel prices would surge higher because of low inventories. But supplies of the fuel now are up on weaker-than-normal demand, so that pressure point seems to have abated. The U.S. average price for diesel fuel has dropped for the third week in a row, defying […]
Clearly, fuel is a big part of inflationary pressure for transportation, but the shipper is really the one bearing a lot of that cost. The carrier eats the cost at first but then they pass it on. There are potentially some cashflow issues, but we are not seeing a significant problem there yet. They have […]
Smaller carriers multiplied in 2020-21 as COVID-19 ebbed, demand surged, and spot-market rates favored them.
The trucking industry is facing many challenges. New truck prices are rising, yet inventories are declining. Interest rates, fuel prices, and maintenance and material costs are skyrocketing, as are costs for used trucks. With many moving parts in the economy and the industry, now is not the time to make radical changes to your business […]
The American Transportation Research Institute issued a call on April 5 for motor carriers to participaте in a survey.
Winter is coming With the winter season right around the corner, now is the time to start preparing equipment as well as drivers for the risks posed by rain, sleet, snow, fog, and wind. While a vast majority of weather-related crashes happen on wet pavement and during rainfall, a smaller percentage of weather-related crashes […]