Humbled-based U.S. Logistics Solutions (USLS) has laid off over 2,000 employees via text messages and conference calls noting that operations were to be shuttered. The sudden decision by the Charlotte, North Carolina-based private equity firm, Ten Oaks Group, to halt funding “did not come with the customary WARN notice—a federal requirement that mandates a 60-day warning for mass layoffs.” 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…
Insights from CEOS and Directors have helped “in the quest to discover the most fertile grounds for recruiting the next generation of warehouse and logistics talent.” These Execs have revealed their top schools for finding interns and recent grads, from the best schools for supply chain talent to the best ways for tapping into the array of local talent pools. Read more…
Since the Class B Standardized Military Truck, or the “Liberty Truck,” debuted at the beginning of World War I, “skilled operators have been needed for military operations. As trucks improved during and after the war, they became vehicles society relied on for the rapid advent of new technologies and transportation systems.” It is now reported that veterans from the various branches of the U.S. military “operate more than 170,000 non-combat trucks in dozens of models. Each of these trucks has one thing in common: There is a skilled driver behind the wheel. It is for this reason that many commercial motor carriers so highly prize drivers who have served in the military.” 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…
Resilience of supply chains will be tested as US imports are on course for volumes at a height not seen over the past two years. Even without work stoppages and multitudinous disruptions, logistics providers are preparing themselves for the worst. According to the Global Port Tracker, published by the National Retail Federation and Hackett Associates, “box traffic pouring into US ports will climb to its highest level in two years in the coming weeks, and the authors predict a seven-month run of monthly import volumes north of 2m teu, fuelled by consumer spending and retailers stocking up.” 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…
Causing backlash from social media users, a video of President Joe Biden discussing trucking jobs in an interview with the Des Moines Registry from 2019 has resurfaced online. In the video, Biden is heard saying: “Guess what? Every trucker out there with an eighth-grade education or high school education knows that they are likely not to have a job in the next three, four, five years.” Read more…
PGT Trucking Inc. recently recognized over 150 safe drivers during the company’s annual awards event, held at the Acrisure Stadium in Pittsburgh, Pennsylvania. PGT has hosted the ceremony for over twenty years to honor the company’s drivers, office staff and their guests. Included amongst the honorees were “46 Million-Mile Drivers, 104 Safe Drivers and 24 Premier Professionals.” Read more…
