For the Record
Both Fuller and Co-chairman Patrick Quinn said issues such as the federal government’s Compliance, Safety, Accountability program, rising fuel prices, increases in new truck prices, driver shortages and wages will challenge fleets to grow and stay competitive. Quinn said CSA will make it especially tough to fill driver seats.
“We’re optimistic where we’ll be going this year,” Quinn added. “But the capacity issue will make for some tight spots and interesting situations. There may be some freight that sits for a day or two longer than some shippers want to get it moved.”
While this will make it tougher for fleets, good drivers will have an advantage.
“A driver with a really clean record in a year or two could become like a free agent in the sports arena,” Quinn said. “He can command higher wages because he’s proven to be compliant. So there is a definite advantage for drivers to be compliant.”
Fuller and Quinn hauled their first load of freight under the company name on Jan. 21, 1986. U.S. Xpress started with 48 trucks and currently has more than 8,000 trucks, 22,000 trailers and annual revenue of more than $1.5 billion. It is recognized as the second largest privately owned truckload fleet in the U.S.
As part of the 25th anniversary at its Chattanooga, Tenn., headquarters, U.S. Xpress announced its gold sponsorship of the Wounded Warrior Project, a nonprofit organization that provides programs and services to severely injured military service members between active duty and transition to civilian life.
Cargo Theft Rose in 2010 Staff Reports
FreightWatch International reported cargo theft industrywide rose by 4.1 percent in 2010 to an average of 75 cargo theft incidents per month, the most ever recorded.
The food and beverage industry was the most heavily hit by cargo theft, accounting for 21 percent of total theft activity, with an average loss value of $125,000 per incident. Electronics accounted for 19 percent of all cargo theft and an average loss per incident of $512,000. But while the rate of cargo theft continued to grow, FreightWatch data show the average value per loss declined in 2010.
“To address these cargo theft issues, we have seen companies utilize additional layers of security to mitigate risk,” said Barry Conlon, chief executive officer of FreightWatch. “The increase in protection combined with a decrease in total shipping during 2010, primarily due to decreased global demand, has forced cargo theft gangs to become more aggressive and increase active targeting of unprotected loads.”
Cargo theft in the United States is analyzed in FreightWatch’s 2010 Annual Cargo Theft Report and includes theft rates per state, most common locations for thefts, areas with the highest risk and more. For a copy of the report, e-mail email@example.com.
Creditor Forecloses on Willie’s Place
A bankruptcy court permitted Willie Nelson’s Truck Stop’s financial backer to foreclose on the Texas location after it filed Chapter 11.