Fuel Driving Out Truckers
Fuel driving out truckers as survey shows rising cost of fuel present a mountainous climb to overcome for small carriers. Many small carriers who entered the trucking industry in 2020-21 are finding today’s challenges too
Tagged: TruckingTrends
Trailer Makers Face 8-Month Backlog
The U.S. trailer industry backlog grew 3% sequentially in December but ended the year 9% below the previous year. The U.S. New Trailer Components and Materials Forecast from ACT Research aims to provide those in…
Trucking Sees New Player Surge
Trucking sees new player surge in the number of newly authorized trucking companies — especially small ones. From July 2020 -Sept, the FMCSA approved more than 104k new for-hire trucking companies, and that’s excluding private fleets…
Wait Times Cutting Into Driver Pay
As carriers continue to try to attract drivers by enticing them with more pay, delays caused by disruptions in the supply chain that show no signs of letting up could be eating away at those…
Driver Shortage Sets New Record
The trucking industry is short 80,000 drivers, a record high, according to the American Trucking Associations (ATA). That’s a 30-percent increase from before the pandemic, when the industry already faced a labor shortage of 61,500…
Adaptability Now Crucial For Truckers
Continuing economic recovery, inventory replenishment, and e-commerce growth will “clash with capacity constraints to keep rates high this year,’’ according to the Council of Supply Chain Management Professionals’ (CSCMP) 32th annual State of Logistics Report.
Truck Electrification ‘A Realty’
With the total cost of electric-vehicle ownership for some commercial applications already beating out internal-combustion engines, ACT Research predicts that electrification of the Class 4-8 commercial vehicle market in the U.S. and Canada will top…
Higher Salaries Keeping Some Truck Drivers At Home
With trucking rates so high, companies are wrestling with the new reality that a driver doesn’t need to work a full schedule to pull in a decent salary, David Parker, chief executive of Covenant Logistics…
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…
Freight Market Robust, Analysts Say
The list of things to like from the current economic, freight and commercial vehicle demand perspectives is long, according to ACT Research’s latest release of the North American Commercial Vehicle Outlook. “From the freight perspective…
