Business

Spot market update: Local demand indicators for three major segments in the last week

A somewhat lackluster week on the spot market saw van and reefer volume increase slightly, but rates were more or less unchanged as a national average. Flatbed volume and rates considered broadly continued to drift down, but Savannah-Charlotte was a hot round trip.

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Slow freight causes driver turnover rate to tumble at large fleets

The annualized driver turnover rate at large truckload fleets fell to its lowest point since early 2011 in the second quarter of this year, according to the American Trucking Associations.

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Partners in Business tip: Save every receipt, no matter how small

Why “tip” the taxman? Place an envelope in your truck for collecting your receipts and send them at the end of each month to your business services provider, who can then provide you with a monthly profit and loss statement as well as accurate quarterly tax estimates.

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FreightWatch, CargoNet issue Labor Day cargo theft warnings

According to FreightWatch, 89 percent of cargo thefts that took place on Labor Day weekend in 2015 happened in California, Texas, Florida and Georgia. CargoNet lists the same four states and adds New Jersey as the most-targeted states during recent Labor Day weekends.

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Diesel prices jump 3.9 cents in most recent week

Prices increased in all regions across the country with the most significant coming in the West Coast less California region, where prices jumped 5.7 cents.

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Operators have until Aug. 31 to order compliant Calif. reefer unit, state says

Purchase orders made before the end of the month for new replacement TRUs and TRU generator sets will help avoid penalties that could result from manufacturer or installer delays. Verified diesel particulate filter retrofits should be ordered by Oct. 31 to meet the Dec. 31 compliance deadline

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Prediction: Rates will jump with ELD transition

"We're going to have a truck shortage when this ELD rule gets put into effect," said ATBS' Todd Amen said during his Partners in Business GATS presentation. "Essentially it's like taking 200,000 to 300,000 trucks off the road." Here's how much he sees rates jumping.

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‘Shippers have a soul’ –Overhaul cofounder on pitch to customers for better rates to owner-operators

In the transportation ecosystem, says Overhaul cofounder Barry Conlon, "the most important guy is the driver," too often getting the short end of the compensation stick. High-end shipper customers are hearing that message, he says, in bid to connect owner-operators directly via freight marketplace.

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HaulHound app aims to connect shippers to owner-operators, cut empty miles

HaulHound officially launched a new shipper-carrier matching system at the Great American Trucking Show Aug. 26, unveiling an app- and web-based platform in which owner-operators upload their truck and routing information and shippers/brokers then search for carriers that fit their load's parameters.

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Three drivers vying to win T680 in military hiring program

Three finalists were named Aug. 26 in the “Transition Trucking: Driving for Excellence” recognition program that will give a Kenworth T680 76-inch sleeper to the winner.

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