Equipment Finance Agreement An Equipment Finance Agreement (EFA) is a legal contract between a lender and a borrower in which the lender agrees to provide the borrower with financing to purchase equipment, and the borrower agrees to repay the loan over a period of time. The equipment being financed becomes the collateral for the loan, […]
You might remember at the end of 2021 there was a port backlog crisis that choked an already strained supply chain. To avoid this from happening, some members of Congress are suggesting a bill to enlist the help of a previously-barred demographic: drivers not old enough to drink.DetailsTruck drivers under the age of 21 are […]
On January 16th there was an event called the Heavy Duty Aftermarket Dialogue (HDAD) conference in Texas. HDAD describes itself on its website as, “an outlook conference specifically directed toward the heavy duty aftermarket supplier industry.” One of the presenters there was MacKay & Company, which is similar to FTR and ACT Research but focusing […]
The trucking industry is full of researchers trying to find the next big thing in replacing diesel as the main source of fuel. Between electricity, various forms of natural gas, and hydrogen cells, it can be a lot to consider. Now, a new contender has entered the ring that has certainly caught us by surprise.DetailsAmmonia […]
The Federal Motor Carrier Safety Administration is considering increasing the amount of readily-available assets (mostly cash) that a broker must have on hand to pay fleets who have completed deliveries for them, as written on a proposal in the Federal Register. Details The way things are now, a broker is required to keep $75,000 in […]
The trucking industry has been hard at work these last few months due to the holiday season. As a direct result, fleets were scrambling to get more bodies into their trucks. The Bureau of Labor Statistics (BLS) has the numbers.December 2022 NumbersDecember 2022’s preliminary estimate stands at 1,601,500. This is either the third or fourth […]
2020 was certainly a special year. A recently released report from the Bureau of Transportation Statistics (BTS) can give us some insight into how the year that most people stayed home impacted the trucking industry.Facts & FiguresThe entire document is over 230 pages long and covers many various aspects of the transportation industry, including freight […]
What’s New? Research conducted along an East Coast freight corridor found that truckers are missing out on open parking spaces due to a lack of visibility of what’s available, and drivers’ perception, based on trucks already parked along the side of the highway, that all spots are taken. “The most influential factor — or the […]
December 2022 marks the third month in a row of continuous decline for big rig orders, but when four months ago was a record month for sales, the industry still has plenty of diesel fuel left in its tank. FTR and ACT Research have the numbers.December 2022 NumbersACT Research has their preliminary numbers at 30,300 […]
There are dozens upon dozens of different obstacles that autonomous trucking needs to overcome before it can become a reality and replace humans behind the wheel. One that is seldom talked about is what happens during a vehicle malfunction. A robotics start-up called Kodiak Robotics is hoping to program an autonomous truck that can handle […]
Loyal readers may remember what we had written about in the past, how California was experiencing intense drought and how the federal government may want to install a pipeline that can distribute water from where it is flooding to where it is dry. That will not be needed anymore. California is experiencing intense downpour to […]
What’s New? On Jan. 4 President Joe Biden took a trip to Kentucky to visit the tattered Brent Spencer Bridge. The goal was for the administration to highlight the bipartisanship infrastructure law. During this visit, the Federal Highway Administration also announced $2.1 billion in first-round grants to repair economically significant bridges. “I believe it sends […]
Happy New Year everyone! New Year’s day typically entails lots of partying, friends, and the start of new laws because it is convenient.The California Air Resources Board (CARB) announced an update to a rule regarding the ban of older engines, due to their disproportionate emissions. As of January 1st, it is now illegal to drive […]
The holiday season is now in the rearview mirror, so now we can look at the data from December and determine what effect the holidays have had on the trucking industry. In regards to freight rates, it appears things are going back to normal for the industry.December 2022 NumbersDry van increased three cents to $2.41 […]
There are numerous reasons why speeding is a bad idea; the ticket that you get if you are caught is one of them. Rosenblum Law, a legal firm that fights traffic cases, has compiled the costs for CDL drivers speeding more than 15 miles per hour above the speed limit.MethodologyRosenblum Law found the costliest speeding […]
According to the Energy Information Administration data report, released on Dec. 26, the average national diesel fuel price has gone down 5.9 cents in the past week, bringing the total average to $4.537 per gallon. Since Nov. 7 diesel prices have dropped 79.6 cents, from $5.333 a gallon to the current average of $4.537. This […]
