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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Debate among United States senators continues to surround the passage of Joe Biden’s $550 billion infrastructure bill. Most recently, that debate centered around an amendment seeking to further regulate the cryptocurrency industry. Opponents of the current wording of the amendment say that it requires disclosure of tax data from software developers and other non-brokers that […]
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Cargo vans once served a predominantly niche market of tradesmen, mobile construction sites and vocational contractors, but with the recent demand explosion of final-mile delivery vans they are becoming incredibly common and increasingly popular. E-commerce doesn’t appear to be going anywhere soon, and van manufacturers are happy to keep supplying the growing demand of new […]
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Anyone frequenting a gas pump this summer has noticed a dramatic increase in cost compared to last year’s driving season, and industry analysts don’t see things changing in the near future. In the week leading up to July 26th, America’s average gas price dropped two cents to $3.15 per gallon. The American Automobile Association (AAA) […]
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Most of us have at one point or another experienced a password hack. Whether that be for a singular card, an email, or even worse, our social security number- there are few things that feel more invasive than this great breach of privacy. The US is consistently dodging attempts from malicious software to infiltrate our […]
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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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The United States’ oil and gas sector has proved to be incredibly resilient time and time again and following the devastating effects from COVID-19 in 2020 they’ve shown a new discipline to strengthen balance sheets, pay down debt and pay dividends to their shareholders. Traditionally the U.S. shale patch would immediately start boosting production after […]
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Sea Ports from every corner of America have seen steadily increasing volumes of 20-foot equivalent units (TEUs) in recent months. The busiest port in the country, the Port of Los Angeles, moved 1,012,047 TEUs in May, compared to 581,664 TEUs a year ago. Not only does that figure represent the 10th consecutive month of increasing […]
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As things return to a “new normal” across the country, there are still industries where safety precautions are going to remain in place for the foreseeable future. Many fleet and transportation companies provided their drivers with personal protective equipment (PPE) such as gloves, company branded masks, disinfectant and paper towels. While this prevents the spread […]
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Freight rates are booming, and new truck production constraints means that truckers are looking at low mile used trucks to take on the road. According to an article from Freight Waves, “New truck production, beset by shortages of microchips that power critical vehicle functions, and through-the-roof commodity prices, is only beginning to recover but manufacturers […]
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