2021 Was a Very Busy Year for Mergers and Acquisitions in the Logistics Industry

Even in an industry where mergers and acquisitions are commonplace, 2021 was a particularly busy year for large carriers looking to purchase a few of their smaller industry brethren. In April, Canadian carrier TFI International completed its acquisition of UPS Freight before purchasing Missouri-based D&D Sexton in November. On that same day in November, Werner […]

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Untangling the Global Supply Chain

If you have followed the news, shopped online, or stepped foot into a brick-and-mortar store lately, you may have heard that we are in the midst of a global supply chain crisis. Our international commerce infrastructure has been resilient to discrete challenges in the past, but this time, there are several different issues feeding into […]

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Congress Passes DRIVE, Safe Act

The trucking industry has remained resilient throughout the pandemic, but one of the main issues that is constantly making headlines is the shortage of drivers. On November 5th a $1 trillion infrastructure package that includes reworking roads, bridges and a program that will bring younger drivers into the trucking industry was approved. The Developing Responsible […]

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Cost of Insurance

In the transportation industry having the right insurance for your fleet is a pivotal aspect of running your company but has become increasingly costly in recent years.  Rules on insurance are set forth by the Federal Motor Carrier Safety Administration (FMCSA) and require all commercial trucking companies to own liability insurance of $750,000.  There are […]

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High School Seniors Learn How to Drive Trucks

The average age right now for majority of  truck drivers is 54 years old. That could change with a different strategy to  recruit younger truck drivers. Traditionally, trade schools that offer truck driving help people interested to obtain their CDL in order to join the workforce  however, now some high schools are offering truck driving […]

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Preparing for the Winter Months in Trucking

Since March of 2020, truck drivers have been recognized as crucial frontline workers. As we continue to work our way through this on-going global pandemic and an increase in online shopping, truck drivers will still need to get products to their destinations on time. Winter storms can slow this process, affecting road and driving conditions. […]

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Oil at Six-Year High

Today, West Texas Intermediate crude futures traded as high as $76.98, the highest price per barrel since November 2014.  On Monday, news of OPEC+ not increasing oil production hit the news.  OPEC+ cut production by nearly 10 million barrels a day, in April 2020 to support lower demand from the pandemic.  OPEC+ has been meeting […]

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Truck Rates Still Holding Strong

Truck freight rates are still high in the United States for flatbeds, vans and reefer freights. Shippers have been paying a premium for several reasons. According to Fleet Owner, “shippers not only experienced escalating spot and contract rates in July but they were also hammered by port congestion, unloading delays, shortages of trucks and drivers, […]

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Other Variables Affecting the Driver Shortage

Truck driver turnover rates generally are higher for over-the-road fleets than local trucking companies. According to American Trucking Associations Chief Economist Bob Costello, “Large for-hire truckload driver turnover rates were 90% for OTR operations and 20% for local operations in 2020. He identified various factors that are exacerbating the driver shortage, ranging from lifestyle issues […]

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