Business

New ‘always-on’ in-cab video system

Lytx, maker of the DriveCam system of forward- and in-cab-facing video systems capturing events by triggers, is now offering what it calls an "always-on," cloud-based video platform called Unisyn.

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Spot market update: If you’re following the demand, ‘Go west, young man’

"The whole West Coast is showing good freight and rising rates," notes DAT's Ken Harper, particularly in van/reefer segments. "L.A.-Long Beach was driven by the Hanjin debacle," the abrupt bankruptcy of the Hanjin ocean shipping company, but Northern California and the Northwest are showing improvement as well.

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Partners in Business tip: Account for monthly variable costs

If you drive 9,600 miles one month and 10,000 miles the next, you’ll have two sets of costs for each month.

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Rates, especially in the west, to spike due to major maritime carrier bankruptcy

Last week on the spot market, the load-to-truck ratio for outbound loads in the Los Angeles area shot up to about 7 load postings on DAT’s load board per one truck posting. The average is about two loads to one truck. The recent imbalance in loads to trucks puts upward pressure on rates.

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Negotiating rates without needing ‘extra blood-pressure medicine’

Conceive of negotiations over loads/rates as an opportunity to start or extend a potential long-term business relationship -- don't leave money on the table, but always keep in mind this rule of thumb: "If both sides aren't happy in the end, it's not negotiating."

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Forecasters: Trucking’s autonomous revolution is nigh, and it may be prickly

Transportation forecasters and top brass at truck OEs sent a message to the trucking industry in recent weeks: Autonomous trucking is coming, and its revolution will likely have a greater impact on the industry than deregulation of the early 1980s.

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Fuel prices see another slight drop in most recent week

The cheapest fuel in the country can be found in the Gulf Coast at $2.23 per gallon, followed by the Lower Atlantic region at $2.318 per gallon.

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Carriers spent more on driver wages, less on fuel in 2015, according to report

For the first time since ATRI first published its annual Operational Costs report, fuel spending was not carriers’ most expensive per-mile line item. Driver wages took the crown in 2015.

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Bill floated in Congress to reduce excise tax on alternative fuel trucks

The tax code currently imposes a 12 percent excise tax on the sale of heavy-duty trucks. The bill's backers said in a press release that alternative fuel trucks, such as natural gas-powered trucks, are more expensive than diesel-powered costs, effectively resulting in a penalty for purchasing an alt-fuel-powered truck. The bill would change that.

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Used truck prices dip on wholesale market, hold on retail side

Updates on pricing trends on the used truck market from J.D. Power & Associates.

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