Tagged: Transportation

Transportation Industry News Archives

Tank Transport Trader presents the latest news from the Transportation Industry, economy, movements, politics and regulations, research and reports, funding, technology  – and more news for the transportation & liquid dry-bulk industry –

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Line of colorful semi-trailer cabs. 0

Truckers Unite Against Freight Broker

A coalition of trucking companies filed a petition in May to force an Indianapolis, Ind.-based freight brokerage into Chapter 7 bankruptcy proceedings for unpaid transportation services. The involuntary Chapter 7 bankruptcy petition, filed in U.S…

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Trucking may have peaked, analysts say

Data from the Council of Supply Chain Management Professionals’ Logistic Managers Index shows that between May 2020 and February, inventory costs, warehouse prices and transportation prices were between 27 to 39 points higher than the…

NTSB Issues “Most Wanted’ List for 2021-2022 0

NTSB Issues “Most Wanted” List

The National Transportation Safety Board (NTSB) ’s latest “Most Wanted List” of the top 10 transportation safety improvements highlight several highway and driver-related safety recommendations, including a recommendation to require collision-avoidance technologies on all vehicles…

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Alabama Proposes Truck Toll

Alabama authorities last month proposed a plan to place a toll on tractor trailers only to help fund the construction of a new bridge. During a news conference held in Spanish Fort, Ala., City of…

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Freight Rates Push Vehicle Demand

Record freight rates continue to push commercial vehicle demand beyond truck and trailer manufacturers’ ability to supply equipment in a timely manner, according to ACT Research. Preliminary reports indicate that February’s net order volume of…

SBA Paycheck Protection Program (PPP), PPP Money Likely To Be Extended 0

PPP Money Likely To Be Extended

A two-month extension of the Paycheck Protection Program (PPP) was expected to be approved by President Biden following a Senate vote in late March. The 2021 version of the PPP originally was scheduled to end…

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Fleets Expect Strong Growth This Year

Many publicly traded fleets are optimistic about growth this year, saying they expect rate increases ranging from high single digit to low double digits. One carrier even anticipates rate increase percentages in the mid-teens. As…

Even without a pandemic, U.S. trucking was looking at a tough time this year. When the year began, the industry was coming off a challenging 2019, when overcapacity and weak pricing forced at least 795 trucking companies to close. It’s important to note that a great many small carriers close every year. That’s because a disproportionate number of them are lightly funded, one-person operations. Still, closings last year were inordinately high, according to industry studies. 0

Support Grows For Younger Drivers

A group of bipartisan legislators reintroduced the DRIVE-Safe Act to address the growing shortage of professional truck drivers in the U.S. by allowing certified commercial truck driver’s who are under 21 to cross state lines…

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