Truckload spot rates make a new cycle low. With volumes struggling, spot rates will likely fall further. 2/ pic.twitter.com/GIAMDaZP35 — Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) March 19, 2023 Contract rates are likely to continue their fall in the coming months, as …
The Environmental Protection Agency (EPA) finalized a rule Tuesday that will impose stricter nitrogen dioxide emissions standards on new heavy-duty trucks, a move that will substantially hike operating costs for truckers, experts and industry representatives told the Daily Caller News …
by Boo_Randy As Murica goes full banana republic, “civil forfeiture” – legalized larceny from unaccountable law enforcement agencies – is only going to get more predatory as local municpalities turn to shady means to extract wealth from motorists and residents. …
“DOL reported today that for-hire trucking shed 11,400 jobs in Sept. Excluding Apr’2020, that was the largest decrease since Apr’09,” Bob Costello, the chief economist for the American Trucking Associations, tweeted. “It suggests that small fleets are folding and/or fleets …
by Chris Black Israeli born Lior Ro, who was Chief Technology Officer of the IDF, has a great plan for hard working Americans. Trucking is one of the top professions for Whites without a college degree. Lior claims they’re not …
by Martin Armstrong There was a trucker shortage before coronavirus hit. The American Trucking Association (ATA) estimates that the US is still short of 80,000 drivers, and that number is expected to decline. The Freedom Convoy has shown the world …
Schneider Transport has put its Guelph, Ont., property for sale and informed associates it is closing its Canada-based operations. “Today, Jan. 14, 2022, we are announcing a change in the company’s approach to Canadian-based operations,” the company told Trucknews.com in …
According to the US Defense Department’s report on the building and readiness of Chinas military to take on world powers in a massive movement of war and control, the sizeable nation’s nuclear acceleration may enable them to have “up to …
https://www.youtube.com/watch?v=Q9qVybIQH_Q “Transportation and supply chain make everything work. What’s so obvious, is how fragile everything is,” says our trucking industry insider. “At some point in time, if you can’t get the drivers, if you can’t fix the truck that …
Related: Airline labor shortages cause cancellations, and delays Restaurant workers are quitting like crazy: Morning Brief
Lee Klass is a long-haul trucker who has spent most of the past 50 years working behind the wheel. The cost of doing his job spiked dramatically this week. Klass, 73, drives a Freightliner. He’s not hauling gasoline, but he’s …
https://www.kens5.com/article/money/business/truck-driving-shortage-to-hit-home-for-everyone/273-a62d544e-576c-4066-8ab9-96ac9f2e6338 h/t javierruizleon
If you have a transport or trucking business, then it is very important for you to do things legally. You cannot function your vehicles without having a legal permit from the government. Thus, it is important for all to have …
The union for a Los Angeles trucking company, Teamsters Local 986, was forced out after nearly 80% of workers signed a petition with the National Labor Relations Board to remove it. The National Labor Relations Act governs private sector workers, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Largest US Trucking Company: “Volume, or lack thereof, is obviously the main story.” The inventory pile-up hurts. And the driver shortage is ending. J.B. Hunt, the largest trucking company in the US by revenues, and a barometer …
by WARREN MOSLER Looks like there was a drop in employment growth by firms with under 50 employees: ‘Last hire first fired’ has made this a leading indicator in prior cycles: Heavy-Duty Truck Orders Hit the Brakes in March Trucking …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is one of the most cyclical industries, with legendary boom-and-bust cycles: Orders for Class-8 trucks plunged 67% in March compared to March last year, to 15,200 orders, the lowest March for orders since 2010, according …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Something has to give. Starting to be a fascinating phenomenon: Rates charged by trucking companies and other transportation providers continue to surge on a year-over-year basis even as the volume of shipments has dropped below where …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is a very cyclical business. In December, orders for new Class-8 trucks — the heavy trucks that haul the products of the goods-based economy across the US — plunged by 43% from a year ago, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But no letup in freight rates yet. In November, according to transportation data provider FTR, orders for new Class-8 trucks — the heavy trucks that haul the products of the goods-based economy across the US — plunged …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is why the trucking business is so cyclical – and you can see it coming. Trucking is a cyclical business. And there are now signs that the phenomenal surge this year has peaked, and while it remains …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Many modes are reporting limited capacity or no capacity at any price shippers are willing to pay.” Everyone in the industry is loving it. “The environment for us right now compared to where we were at …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Fleets are desperate for more equipment, but trucks are in short supply due to the supplier constraints.” Orders for heavy trucks that haul trailers loaded with anything from junk food to oil-field equipment across the US …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Veterans in this industry are saying this is the best freight market they have ever seen.” But shippers struggle with rising costs. Orders for Class 8 trucks – the heavy trucks that haul trailers across the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Shipment volumes in the US by truck, rail, air freight, and barge combined surged 11.9% year-over-year in March, according to the Cass Freight Index. This pushed the index, which is not seasonally adjusted, to its highest …
