According to experts, the trucking industry has “stumbled through the first first quarter amid a slowing economy and high inventories.” Allison Poliniak-Cusic, a Wells Fargo analyst, claims: “‘things are a bit muted than maybe we anticipated as we entered last year. A lot of macro uncertainty is still very much front-and-center. So, I would say from a volumes standpoint, earnings will be lower, volumes will be lower, pricing seems to be coming in at the lower end of where we thought originally.” Read More…
Author Archives: jpeters
SHOPIFY OFFLOADS LOGISTICS BUSINESS TO FLEXPORT
Shopify is offloading its logistics business to the supply chain technology company Flexport, the two companies recently announced. The move “marks a reversal for Shopify, which had spent years building out its own logistics and order-fulfillment operations. The unit includes last-mile delivery startup Deliverr, which Shopify purchased last May for $2.1 billion, its largest acquisition ever.” Read more…
STATE BILL CHILLS SELF DRIVING TRUCK HOPES
California lawmakers put forth a high-profile bill that would ban the operation of heavy self-driving vehicles without a human on board. Assemblymember Cecilia Aguiar-Curry(D-Winters) exclaimed: “‘The callous disregard for these stewards of our highways and freeways, motivated by profit, is simply appalling. My motivation, on the other hand, is my commitment to Californians’ safety on the roads, and that safety is best protected by keeping well-trained human beings in the cab of 80,000 pound vehicles traveling at high speeds. When this industry proves to me, my colleagues, and our constituents that human-less trucking, and driverless school buses, are safer than our model in California, they will have the support to proceed’”. Read more…
TRUCKER DOWN HELPING TRUCK DRIVER FAMILIES IN NEED
Trucker Down, an organization that assists truck drivers and their families who are going through financial hardships, is set to hold a silent auction on Tuesday, May 23, in partnership with Dormie Network. There will be a plethora of exclusive memorabilia for auction, “ from an actual piece of coal that was recovered from the Titanic to exclusive vacation packages, autographed NFL gear and much more.” Read more…
TOTAL QUALITY LOGISTICS EXPANDING IN ST. LOUIS
Total Quality Logistics, the second-largest freight brokerage firm in North America, just announced that it’s “expanding its presence in St. Louis, investing $370,000 and creating 85 new jobs.” With this expansion, Total Quality Logistics will get aid from the Missouri Works program, “a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.” Read more…
EPA’S NEWEST PROPOSAL DRAWING IRE FROM TRUCKING INDUSTRY.
Building from the “Phase 2” greenhouse gas standards established in 2016, the EPA “is proposing a new and stronger set of greenhouse standards for heavy-duty vehicles for model years 2027 and 2032.” Coming hot on the heels of the EPA’s new national clean air standards to decrease smog-and-soot forming emissions, trucking professionals are decrying the move as a “regulatory blitz on small-business truckers.” Read more…
DEMAND FOR TRUCK TRAILERS REMAIN SOLID
With 16,800 trailer units having been booked during March, preliminary trailer orders “decreased sequentially and were lower against longer-term comparisons,” though overall demand is solid, according to ACT Research. Jennifer Mcnealy, director of commercial vehicle market research and publications at ACT Research, claims: “orders pulling back in March is a month earlier than normal seasonality would suggest, but near record-level order backlogs are easy to point to in explaining away the earlier-than-expected deceleration.” Read more…
9.48M EXPANSION TO NORTH-CHARLESTON LOGISTICS COMPANY
Neal Brothers Charleston, Inc., a North-Carolina-based logistics company, has announced a $9.48 million dollar expansion that “would create 10 new jobs in the first year.” The cargo handling and export company’s main North American office has been calling North Charleston home for more than 30 years. Read more…
MINNESOTA LAUNCHES AWARENESS CAMPAIGN FOR TRUCKING JOBS
The Minnesota Trucking Association has launched “a coordinated, ongoing social media campaign to encourage young people and their parents, mid-career changers, womens, and under-represented populations to consider a career in the Minnesota trucking industry.” The impetus for the campaign was the fact that finding drivers and technicians had become a huge challenge for the state. Read more…
TRUCK OWNER-OPERATORS HAPPY WITH CAREER CHOICE
Despite critical, common challenges, trucking professionals are increasingly happy with their choice of career according to a new Truckstop commissioned survey of 500 U.S.-based owner-operator truck drivers. The report goes on to say that “close to two-thirds (65%) of owner-operators surveyed are currently extremely satisfied with their job and more than half (57%) say they are much more satisfied now compared to in 2021.” Read more…