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Business: Page 57
Business
Cargo theft saw big rise in 2022 | Spot rates drop off late-year gains to start 2023
CargoNet reported a 15% increase heists overall, a 17% uptick in theft truck/trailer theft, and a 20% increase in cargo theft. Also: Spot rates ease back from December gains; HHG fraudster gets 6 years in prison; free webinar on new Navistar transmission.
January 12, 2023
Overdrive Extra
Wide loads to a narrow niche: Houseboat hauler and expert diesel mechanic Greg Parks
The story of how a personal need in 2010 brought the longtime diesel shop owner to the ultra-specialized business of houseboat hauling, which is a significant though still part-time portion of his week-in, week-out work out of Camden, Arkansas.
January 10, 2023
Regulations
More weather-related hours of service exemptions issued
Certain drivers in three states are getting HOS relief to help in emergency relief. Also: Convenience store chain discounting diesel through end of January; JX Truck Center reopens Michigan dealership; latest Highway Angels.
January 10, 2023
Regulations
Heating fuel haulers get HOS relief in Wisconsin
Wisconsin has suspended hours-of-service regs for residential heating fuel haulers in the state. Also: Cross-border truck freight up 13% year-over-year in October; CVSA kicks off Human Trafficking Awareness Initiative; TruckPro acquires Plaza Fleet Parts.
January 9, 2023
Business
300-truck Land Air Express acquired by Forward Air
The Bowling Green, Kentucky-based LTL carrier will be acquired for $56.5 million. Also: Love's signs exclusivity agreement to sell Interstate Batteries; latest Highway Angel recognized for helping at fatal accident scene.
January 6, 2023
Overdrive Radio
Owner-operators' 2023 income expectations trend sharply negative
Asked in the final month of 2022 to assess prospects for business income in 2023, 6 in 10 owners saw either a downtick coming or more of the same as the challenging year of 2022. This episode of Overdrive Radio in part offers strategies for dealing.
January 6, 2023
Regulations
DOT announces annual increase to fines for regs violations
Law requires DOT agencies, including FMCSA, to issue annual inflation-based adjustments to fines for violations of regulations. Also: New Peterbilt dealership in Georgia; Women in Trucking launches 2023 gender diversity survey.
January 5, 2023
Partners in Business
Ways to prepare for the inevitable New Entrant audit
Got authority in recent history? The new entrant audit is in your future -- critical prep areas include driver qualifications, logs, maintenance programs, a filed and up-to-date accident register and written drug and alcohol policies and procedures.
January 4, 2023
Regulations
FMCSA proposing new broker, freight forwarder financial responsibility regs
The proposals would ultimately benefit motor carriers, FMCSA said, by making sure brokers and freight forwarders maintain $75,000 in financial security and allowing FMCSA to suspend brokers' authority if not maintained.
January 4, 2023
Regulations
FMCSA again grants hours of service flexibility, paper logs for fireworks haulers around July 4
FMCSA delivered a high degree of duty flexibility around the holiday to 32 of the American Pyrotechnics Association's 45 member companies, also allowing paper logs. Also: NY State Thruway service areas closing in part -- fuel, parking will remain open.
December 30, 2022
Overdrive Radio
Survive a heart attack, fight freight fraud, button up the business: 2022 on Overdrive Radio
Another day, another year nearly in the books. Today, our annual podcast year-in-review, a big one for trucking as an owner-operator, with absolutely huge challenges. Run back through 2022 to spark a new idea or two, renew old goals.
December 30, 2022
Business
New York fuel tax break ending Jan. 1
The seven-month suspension of excise and state sales taxes on fuel in New York is set to end Sunday. Also: CloudTrucks rolls out new tools for owner-ops using its platform; NTSB renews calls to implement "Most Wanted" safety recommendations.
December 28, 2022
Overdrive Extra
Protect claims history: Be mindful of fine print in broker/customer agreements and contracts
In particular, keep a sharp eye out for any broker or customer’s requirement to provide “additional insured” coverage and/or a “waiver of subrogation” -- both could have big insurance implications in the event of an incident.
December 27, 2022
Business
Used-truck prices, freight volumes down substantially
Pricing fell with demand for used trucks, as weakening freight markets/the economy have taken some wind out of trucking's sails. Also: FMCSA denies request from large carriers to allow hair drug test results to be reported to Clearinghouse.
December 23, 2022
Hours of Service
FMCSA grants HOS waivers for heating-fuel haulers in 45 states
Haulers of propane, natural gas and heating oil are waived from the maximum driving time limits. Also: FMCSA denied driver training schools exemptions from regs requiring two years of experience for trainers; fleet's big haul for charities.
December 22, 2022
Business
Toll roads on the rise: What's an operator's best electronic-collections option?
Toll roads are increasing in scope and price, and with fuel prices as high as they've been, it's a calculation every owner-operator should have their eyes on. Here are some of the options these seasoned owner-ops and small fleet owners have chosen.
December 21, 2022
Business
Cargo theft indicators flashing red for the holidays
Through the middle of December, cargo thefts are up 40% year-over year, and those numbers are expected to rise through the holidays. Also: Winter weather prompts hours waivers in four states; diesel hits lowest average since February; more.
December 21, 2022
Business
Carriers' conditions in October hit lowest point since April 2020
Skyrocketing fuel and financing costs in October led to the lowest reading of FTR's Trucking Conditions Index since the beginning of the pandemic. Also: Spot rates leveling out to rising last two months; Daimler, Volvo issue truck recalls.
December 20, 2022
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Custom Rigs
'One thing led to another' for Lacoh Transport's custom 2024 Peterbilt 389 build
What started out as a modest build for a nice working truck turned into an all-out custom transformation by Geis Peterbilt's Cody McCandless. Along the way, "a lot of days that you don’t succeed," McCandless said, "but the challenge has been accepted, and we’re having fun with it.”
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ELD tampering in crosshairs for CVSA’s annual Roadcheck blitz
Regulations
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