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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Every year across America truckers and the trucking industry face countless struggles. One of the most overlooked issues that the trucking industry faces is the constant changing of the weather. Over the past couple of months there have been snowstorms in the Texas and California causing roads to shut down. There have also been hurricanes […]
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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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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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According to ACT Research, the average price for a Class 8 truck sold in April 2021 rose to $57,431, an all-time high. The increase in price is especially stark when compared to the pandemic-low of $38,242 a year earlier. What is causing these previously unseen price tags for 16+ ton trucks? A few grams of […]
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Before the COVID-19 Pandemic, many companies were faced with a shortage of CDL drivers. With layoffs and unemployment at a record high, it is logical to think that there would be a lot more people stepping in to fill the truck driver shortage. However, going into 2021 that is not the case and the industry […]
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After unprecedented gains in 2020, which were overshadowed by COVID-19, many in the trucking industry are excited about the outlook for 2021. The trucking industry expects to see an increase in sectors such as final-mile delivery, contracting, home improvement, and overall E-commerce. The American Trucking Associations, Chief Economist Bob Costello says, “I think freight will […]
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The National Tank Truck Carriers (NTTC) recently teamed up with other trucking leaders to discuss concerns of the Biden-Harris U.S. Department of Transportation (DOT) team. The virtual meeting included Presidents and CEO’s of trucking federations across the United States.
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How many of us started today thinking it was Monday? It is Tuesday and here is some Trucking News
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