Overcapacity continues to have a negative effect on rates and trucking jobs as more drivers are being forced out of the industry before they can be saved by any future upcycle. According to the latest numbers from the Bureau of Labor Statistics, “more than 1,000 trucking jobs were eliminated from the economy in August. This marks the fifth consecutive monthly loss, which was preceded by a five-month growth streak.”Read more…
To become a truck driver one only needs a high school diploma, a CDL license, and to be open to transporting “raw materials and goods across the country from distribution and retail centers, or manufacturing plants,” in addition to the expectation of planning routes effectively in order to meet delivery schedules. With that said, according to Indeed.com, a truck driver can expect to earn up to $106,496 per year, all without having to deal with the stress of an office environment. Read more…
It is imperative that truck drivers try to make sure their industry history is as “clean and credible as possible,” especially with Federal regulations demanding that background checks be done on every driver. Amongst the many reasons that carriers need to hire the best available drivers they can find, two of the most important to consider are the enormous cost of losing a lawsuit and “the catastrophic impact of a ‘nuclear verdict.’ Read more…
There isn’t much to write home about in regards to Truck transportation jobs in June, with the Bureau of Labor Statistics reporting jobs dropping by the smallest of increments: “Changes up or down are reported by the BLS in increments of 100 (unless they’re zero), and that is the change reported by the BLS for June: a decline of 100 jobs to 1,548,600 jobs.” Read more…
TRIVE CAPITAL PARTNERS WITH RPM FREIGHT SYSTEMS
Trive Capital, the Dallas-based private equity firm, and Bluejay Capital Partners have just announced their recent investment in RPM Freight Systems, LLC, a leading asset-light finished vehicle logistics (“FVL”) provider. Founded in 2011, “RPM is a technology-driven, asset-light provider of transportation management solutions to new and used finished vehicle logistics and other specialized freight markets in North America and Europe. The Company is trusted by many of the largest auto OEMs and remarketers to transport vehicles and freight, safely and efficiently, from origin to destination.” Read more…
A truck driver recruitment advertising agency, in a new survey, has found that 40% of trucker drivers are currently looking for new driving opportunities. In comparison, “that’s a nearly 7% increase compared to the previous fall survey conducted by Conversion Interactive Agency (CIA), in partnership with employee retention agency People. Data. Analytics (PDA).” Read more…
Layoffs across the freight and logistics industry continue “with companies in Florida, Georgia, Illinois, Michigan and Texas announcing job reductions and facility closures over the past two weeks.” One example is that of Warren, Michigian-based Universal Logistics, which is permanently closing two of its subsidiaries and laying off a total of 677 employees, according to notices recently filed with the state. Read more…
The advent of self-driving trucks could have an enormous impact on America’s supply chain, exponentially cutting the time it takes to transport goods from place to place and unfettering the trucking industry from the costs and physical limitations of the human workforce. The technology’s advancements have “sparked concerns about highway safety, job loss, a lack of federal regulation and a patchwork of state laws regarding where and how autonomous trucks can operate.” Read more…
While truck driving may be one of the most hazardous professions in America, especially in terms of fatalities, no occupation in the United States can compare to the hazards of the logging industry, especially when controlling for the number of hours worked. Read more…
Tucker Door & Trim will invest $10 million to create its first logistics facility in Virginia. The company’s brand new manufacturing and assembly operation for fiberboard and fiberglass doors and windows will open THEIR doors in Henrico County by April 1, 2024: “The expansion, which will create 50 new jobs, will increase capacity and provide the company the ability to serve the northeastern market.” Read more…
