In its most recent Recruitment & Retention Survey, Driver iQ found that, by and large, fleets expect to raise truck driver wages and offer more bonuses while turnover continues to increase. In a trucking environment where fleets are increasing driver pay, benefits, and sign-on bonuses, more than a third of fleets have reported that 6-10% […]
US trucking companies are throwing everything but the kitchen sink into efforts to hire and keep truck drivers, the most essential yet often missing element of freight transportation capacity in 2018. Heck, they’d even toss in the kitchen sink — if they could fit one in a Class 8 tractor. (This article requires a subscription […]
A significant number of North American fleets have not yet installed electronic logging devices, with many relying on grandfathered automatic onboard recording devices to track driver logs. A new survey by MiX Telematics found that three in 10 fleets operating in North America are not yet running ELDs, almost eight months after the mandate became […]
A Mexican government mandate intended to reduce accidents by requiring that all double tractor trailers meet new certification requirements is sparking shipper fears of higher rates. The rule will reduce available truck capacity and may spur some shippers to move more cargo by more expensive single-trailer trucks or convert cargo to intermodal rail. (This article […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending July 14, 2018. For this week, total U.S. weekly rail traffic was 559,064 carloads and intermodal units, up 5 percent compared with the same week last year. Total carloads for the week ending July 14 were 271,207 carloads, up 3.8 […]
U.S.-based low-cost carrier Southwest Airlines has launched its Houston-Mexico City route – marking the debut of the carrier’s international shipping program – with the intention to add Cancun, Puerto Vallarta and Cabo San Lucas to its network later this summer.
The rapid growth of charter rates in the container shipping market is likely to be over as ocean carriers release some ships back to the open market in order to curb the impact of weak profitability.
Energy circles are abuzz with talk that U.S. President Donald Trump might tap the nation’s emergency oil stockpile to stabilize pump prices. The tool at his disposal is the Strategic Petroleum Reserve, set up in the aftermath of the Arab oil embargo in the 1970s as a backup in case of subsequent supply shocks. It’s […]
President Donald Trump said he’s “ready to go” with tariffs on $500 billion of Chinese imports, saying the U.S. has been taken advantage of for too long. The $500 billion figure is about the value of Chinese goods imported into the U.S. last year.
The U.S. economy sped up in June, according to an index that attempts to forecast the nation’s economic health. The leading economic index rose 0.5% after no gain in May, the Conference Board said Thursday. A measure of current conditions – or how the economy is doing right now – climbed 0.3%.
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