The United States Supreme Court declared on January 13th that a stay on the vaccine mandate prevails, making the requirement for businesses with 100 or more employees to have their employees vaccinated or undergo weekly coronavirus testing unenforceable.DetailsThe Court ruled 6-3.“Although Congress has indisputably given OSHA the power to regulate occupational dangers, it has not […]
Another year has passed. While not as hectic as 2020, 2021 had its own set of challenges. Rather than having a hard time finding workers to put into trucks, now companies are scrambling to get as many trucks and parts as they can. December 2021 was pretty good news for Class 8 sales.The NumbersACT Research […]
Here we are at the end of another year. When looking at the entire year as a whole, the trucking industry has made great strides in recovering from the mass layoffs from the start of the coronavirus pandemic. When looking just at December, however, the numbers are slightly lackluster. Here is what the Bureau of […]
We have talked about the commercial truck parking problem before: how drivers can spend almost an hour a day looking for legal parking; how some drivers opt for unsafe, illegal parking; how there are significantly more trucks on the road than spaces to put them at a rate of about six to one. While governments, […]
2021 has been a slightly hectic year. How has yours been? Our predictions mostly came true, most notably the Tesla Semi being delayed another year. The trucking industry has been through a lot in this past year; here is a recap.Unlike our last Year in Review where we talked about the biggest articles of the […]
Meera Joshi was all but confirmed by the Senate to become the first FMCSA Administrator in over two years, but a change in direction has caused her to step down after the next month, according to the FMCSA.Homesick for the Big AppleThe reason she is leaving the FMCSA is nothing nefarious or scandalous; she was […]
Just when we think we are in the clear, they pull us back in.The Six Circuit Court of Appeals has ruled that the coronavirus vaccine mandate from OSHA is constitutional, contradicting and removing the stay from the Fifth Circuit Court of Appeals.DetailsYou may be inclined to believe that the higher numbered court has higher power […]
The common rule of thumb used in the trucking industry is that there is work equal to 80,000 more truckers than there are drivers to do that work. The simplest solution to this would be to increase the pay of truckers to attract more talent, but the business is more complicated than that. To that […]
Donald Broughton, principal and managing partner of Broughton Capital, most notable for predicting in 2007 that an economic recession was just around the corner, has said at the Commercial Carrier Journal’s Solutions Summit in Arizona that the supply shortages holding back the trucking industry are the only thing between it and an economic boom.A Broughton […]
It is the same song and dance we have been hearing about for roughly the past year, since vaccines were first available. However, with it potentially impacting the United States shipping relations to Canada, vaccine mandates may once again throw a wrench into the supply chain. Details Beginning in early January 2022, the United States […]
J.D. Valuation Services has listed its numbers for used Class 8 auctions in October. The numbers will not be surprising to anyone who has been paying attention to the trucking industry this past year, as a reduced supply and increased demand mean higher prices. Unlike the month prior, where some model years appreciated and others […]
It is no surprise that due to the adjacent proximity of Canada to the United States that it is one of our greatest partners in commerce. So much so that the Federal Motor Carrier Safety Administration (FMCSA) wants to give assistance to drivers in the Great White North in a time of unprecedented rainfall.DetailsThe entire […]
It appears the supply chain shortages of everything from rubber to aluminum is starting to take its toll on the trucking industry, as the number of new Class 8 truck orders for November 2021 were, for lack of a better word, weak.November 2021 NumbersACT Research pins the number at 9,800 units, while FTR is a […]
The Bureau of Labor Statistics (BLS) has updated its webpage listing the employment numbers for NAICS 484, the trucking industry. Here are the numbers for the past three months.November 2021 NumbersThe numbers posted for November 2021 are:1,521,300 for the initial preliminary count of November 2021.1,515,700 for the revised preliminary employment count of October 2021, a […]
Supply shortages, coronavirus, and the holiday season combine to bring us the highest freight rates per mile ever recorded by the DAT. Details Dry van shipping increased seven cents, to $2.93. Flatbed logistics actually decreased a bit, going from $3.07 to $3.03. Reefer hauling skyrocketed, rising 17 cents to $3.44. The average increased six cents […]
The Infrastructure Investment and Jobs Act may not have had money earmarked for truck parking, but the battle to increase commercial truck parking spots is not over just yet.Todd Spencer, president and CEO of OOIDA, has written a letter to Pete Buttigieg, Secretary of the Department of Transportation, to ask for more parking spots.Much Ado […]
We are writing about October summary news in December. So much is going on in the trucking industry, it is hard to keep pace with it all!ACT Research and FTR have their estimates for trailer orders in October 2021. While it pales in comparison to the Earth-shattering numbers of the same month last year, it […]
We wrote at the start of September that it was anyone’s guess as to if the Federal Motor Carrier Safety Administration (FMCSA) would extend the hours-of-service suspension for hauling in regards to the COVID-19 pandemic. We now have our answer: yes, it is being extended.DetailsThe extension was announced on November 29th, just a few days […]
This information has been out for a while now, but between port backlogs, infrastructure bills, and vaccine mandate news, it has been on the backburner. Backburner may be an appropriate description for the current state of the Class 8 market as well, as supply chain constraints are causing order numbers to fall and preorders to […]
The blockage at the twin California ports of Long Beach and Los Angeles is slowly clearing up, but it could be done a lot faster. One such cog jammer is the Clean Air Action Plan, a joint effort by both ports to reduce emissions. A noble goal, considering the smog density in the Los Angeles […]
The news in the trucking industry has been so hectic this November, we simply could not keep ahead of it.Recently, rear impact trailer guardrails have been added as a requirement for annual FMCSA inspections.DetailsThe change is to the Federal Motor Carrier Safety Administration’s 396 section, which deals with all things inspection and maintenance. Failure to […]
Slowly but surely, the trucking industry is showing signs of recovering from the economic fallout of the coronavirus pandemic, as the Bureau of Labor Statistics (BLS) has posted its monthly update for employment count in the trucking industry.October 2021 NumbersThe numbers posted for October 2021 are as follows:The initial preliminary count for October 2021 is […]
First it was the federal government, then it was the state of California, now, private industries are joining in on the efforts to reduce the backlog at the twin ports of Long Beach and Los Angeles. Retailers Shift to Night Shift With the recent changes to 24/7 operations at the twin ports to help fight […]
Drivers headed towards the western coast may want to stock up on fuel ahead of time, as various fueling stations in the southwest are starting to feel a strain from a lack of fuel. Details With everything being in short supply nowadays, from computer chips to rubber to human resources, it is hardly a surprise […]
Three months ago, the United States Senate passed the Infrastructure Investment and Jobs Act of 2021 in a 69-30 vote. Now, the House of Representatives has passed the same bill at a rate of 228-206. Now the bill goes to Joe Biden for a signature to become law.The Effect on TruckingIt is fair to say […]
Your tax dollars at work!The United States government is the world’s single largest consumer of goods and services. One thing it spends money on is research and development to make life easier and safer for all Americans, and sometimes the world at large. To that extent, the Department of Energy has authorized $127 million in […]
The news is updating faster than we can keep up!Not but a few days after the Occupational Safety and Health Administration (OSHA) posted its vaccine mandate is it halted by the Fifth Circuit Court of Appeals, at least for the time being.DetailsOpposition of the vaccine mandate comes from various organizations and groups, including seven states:UtahLouisianaKansasTexasSouth […]
The Department of Labor’s Occupational Safety and Health Administration (OSHA) announced on November 4th an emergency temporary standard (ETS) regarding the COVID-19 pandemic. Truckers are not going to be pleased.DetailsThere are five major points to the ETS.The following rules apply to businesses that are not exempt and have 100 or more employees.Employees of these companies […]
Companies hoping for a break from high shipping prices may have to hold off for yet another month, as freight rates for all three forms of freight were equal to or higher on a per mile basis than the month before.October 2021 NumbersDry van increased three cents per mile, to a total of $2.86 per […]
We have been a little slow on the upkeep here regarding the auction prices for used Class 8 vehicles, but the current California port crisis has been taking up much of the news for the trucking industry. Here is a brief respite from all of that with a monthly update on auction prices for used […]
Pete Buttigieg, Secretary of Transportation, has spoken with Chris Wallace on Halloween, in what is most likely his first public appearance since he had taken paternity leave. He spoke with Chris about climate change, inflation, electric vehicles, and tax credits, but what everyone is interested in hearing about is the greatest logistics disaster since the […]
It is hard to get a solid number on the number of ships that are currently in standby at the twin California ports of Los Angeles and Long Beach, but it is clear the problem has not yet been resolved since Joseph Biden announced plans to ease congestion. The ports have decided to implement a […]
The American Trucking Association (ATA) released a report on October 25th, 2021 detailing the current situation of the so-called “trucker shortage”. This number is based on the difference in total employment and the number that would be needed to meet freight demand, including a certain backlog at twin Californian ports that has been making the […]
Joe Biden may have announced an increase in port operations, but ships are arriving faster than they are leaving, at a slow but ever evident rate. With California being the state with the highest gross domestic product in the nation, its governor Gavin Newsom wants to further accelerate the emptying of ships, and to that […]
Trucking, like many industries in life, comes with a lot of paperwork. The Unified Carrier Registration (UCR) is one of these. This guide should help make understanding the UCR easier, since you no doubt have plenty of things already on your mind!What is the UCR?The Unified Carrier Registration system is the product of a collaboration […]
We wrote around fifteen months ago about how YRC Worldwide received a $700 million cash infusion to help survive the COVID-19 pandemic. Democrats in the House of Representatives now want to investigate the circumstances regarding that loan, saying that under the Trump Administration that some foul play may have been involved.DetailsThe Coronavirus Aid, Relief, and […]
If you have been following the news as of late, you will no doubt have heard about Southwest Airlines getting some PR. Flights are being canceled, delayed, pushed forward, and everything in between. While Southwest says this is due to weather hazards among other things, the likely culprit may be their recent vaccine mandate. Could […]
The Bureau of Labor Statistics (BLS) has posted the employment count for the Truck Transportation subsector in regards to September 2021. Here are the results.NumbersThe initial preliminary count for September 2021 is 1,502,900 jobs.Revised August numbers are 1,500,400. This is an increase of 1,900 from the first estimate.Final July employment is at 1,494,400. This is […]
On October 13th, Joseph Robinette Biden Jr. announced that the Port of Los Angeles will commence 24/7 operations for the foreseeable future.DetailsThe news comes after the Port of Long Beach announced that they would be incurring 24/7 operations to help clear the backlog of ships and containers. The two ports, brothers to one another, handle […]
Come November 8th, getting a Commercial Driver’s License (CDL) will be ever so slightly cumbersome.The Federal Motor Carrier Safety Administration (FMCSA) will require state driver’s licensing agencies to check the Drug and Alcohol Clearinghouse before issuing, renewing, or upgrading a trucker’s CDL.The ProcessFew would argue against keeping drunk or otherwise intoxicated drivers off the road. […]
“This is, of course, provided that the Semi is not delayed a fourth time,” we wrote in a previous article about the Tesla Semi. It appears that has just happened, as Elon Musk announced that the electric vehicle company is struggling in the supply chain shortage wars.DetailsThe news comes from a shareholder call from Thursday, […]
Maybe it is inflation. Perhaps it is the increased demand for goods delivered by trucks as brought upon by the COVID-19 pandemic. Maybe it is the dearth of truckers available to work. Whatever the case, the rate per mile on trucking continues to rise. DAT has the numbers.September 2021 NumbersDry van increased eight cents per […]
Trailer sales ended their streak of consistently outperforming the same time last year in June. Growth is never infinite, and as such the truck sales streak, three months later, has finally ended. September 2021 Numbers ACT Research pegs the number of Class 8 truck sales at 27,400. FTR pins the sales number at 28,400. This […]
Since around June 2020, the trucking industry has been on fire. Since around the start of 2021, truck prices have been rising to reflect just that. As component shortages and intense demand ravage the new truck market, the used truck market is also starting to feel the strain as fleets gobble up whatever vehicles they […]
The Advanced Clean Transportation (ACT) Expo happened near the start of September. Normally we write about the trucking industry, but we provide business financing for all types of equipment, equipment that the ACT Expo had in spades that makes us excited for the future. From conventional day cabs to commercial cargo bikes, here is the […]
If you have been in the trucking industry for as long as we have, you are aware that prices on trucks, new and used, are going through the roof. Skyrocketing prices are attributed to global shortages of various components such as rubber and aluminum, but most notably the semiconductor (chip) shortage. In the 21st century, […]
North Dakota is home to 39,300,000 acres of farmland and is responsible for over $4 billion in agricultural exports every year. Like most states west of the Mississippi River, the Peace Garden State is in desperate need of water. So much so that the state government is declaring a state of emergency to help keep […]
The House of Representatives appears to be much less interested in spending money than the Senate. While the Senate passed a bill authorizing $1 trillion in spending for infrastructure, the House Committee on Transportation and Infrastructure put forth its portion of the 2022 Budget Reconciliation Bill. It has $60 billion set for infrastructure and carbon […]
The trucking industry is none too happy about Biden’s proposed vaccine mandate for private companies with more than 100 employees. This mandate would require all employees for a trucking company, from the drivers to any mechanics or recruiters, to either be fully vaccinated or take a weekly, uncomfortable test to confirm negative results. Lawsuits are […]
When truck orders for 2022 opened, the numbers soared as pent-up demand flowed in orders. With trailers for August, the same pattern still applies, but not to the same extent.
Hurricane Ida may be long over by now, but the economic fallout from the destruction caused by one of the most intense hurricanes to hit the east coast in recorded history has just begun. Three more states have declared temporary regulatory suspensions in an attempt to accelerate recovery. Hurricane Ida Details This is part three […]
Joseph R. Biden announced on Thursday that the United States was going to take stronger steps towards combating the coronavirus by making the vaccine a requirement. The announcement has not been popular. Details The Department of Labor declared new regulations to be added soon, requiring all employers with 100 or more workers to either vaccinate […]
With Original Equipment Manufacturers now allowing orders for deliveries set in 2022, the floodgates have opened. August 2021 was one of the best months of the year for Class 8 truck orders.DetailsFTR has the net number estimated at 39,400. ACT estimates orders at 36,900. Whatever the actual number is, both research companies are confident that […]
The interesting thing about news in contrast with government is that news moves fast while government moves slowly. In the past few days, more states have entered the fold of declaring a state of emergency due to Hurricane Ida, bringing the total number to seven. Details The first declarations were covered previously, so we will […]
The previous extension was set to expire at the end of August 31st. Now, only a few hours before it was set to expire, the FMCSA has extended it again. COVID-19 Emergency Details It is the same song and dance as the previous extensions; you can see all of the details on the webpage. In […]
We are about halfway through hurricane season, and we have another one. This time it is Hurricane Ida, and it is hitting states along the Gulf of Mexico. States and agencies are weighing in. Details Here are the various emergency declarations and what they entail. Southern and Western FMCSA Centers This is the most typical […]
Things might finally be returning to normal, as an event in the trucking industry was canceled for a reason other than COVID-19. NTEA The National Trucking Equipment Association (NTEA) has decided to cancel its 2021 Truck Product Conference. Usually at these events, industry leaders show off technological upgrades such as making the truck chassis slightly […]
Neeley Keeny stops his tanker truck in Clovis, California. He fills up 2,500 gallons of water for about a fifth of a cent a gallon. He drives it northwest about one hundred miles and sells the payload for about $350. Minus the five dollars he spends to fill the tanker, a round trip nets Neeley […]
Governor Andrew Cuomo may be on his way out the door due to resigning amidst sexual harassment allegations, but that is not stopping Mother Nature from threatening havoc. By the time you read this, Tropical Storm Henri should have hit the New York shore. Experts have Henri pinned at a tropical storm of wind speeds […]
Last month was a somber one for trailer sales, as the numbers were lower than they were the same month in 2020. This month is a little more disheartening than that, as not only was July 2021 lower than July 2020, but June 2021 as well. July 2021 Details Freight Transportation Research (FTR) estimates the […]
In the latest update of the AB-5 saga, the California Trucking Association, disgruntled with the 9th Circuit Court’s ruling on Justice Roger Benitez’s injunction on California Assembly Bill 5, hopes to take the fight to the Supreme Court.
In a vote of 69-30 (with one senator absent), the United States Senate has voted to pass H.R. 3684, also known as the Infrastructure Investment and Jobs Act of 2021 or the INVEST in America Act. What does the bill entail, and how are truckers affected should it pass the House of Representatives? H.R. 3684 […]
Trailer orders might have ended their 2021 year-over-year increase streak in June, but the Class 8 big rig market is still going strong in July 2021. ACT and FTR have the estimates. Truck Sales July 2021 ACT Research pins the number at 25,800 units sold in the month; FTR, 26,500. The order numbers are ever […]
The Bureau of Labor Statistics (BLS) has updated the numbers for the trucking industry yet again. The numbers, while mostly preliminary, are looking good.The NumbersEvery month, the BLS updates the data for the last three months. They make a new preliminary estimate, revise an older preliminary, and solidify the final number for three months back.With […]
This article was published on Smokey Bear’s 67th birthday. Happy birthday to Smokey Bear! There is always something going on in the approximately 3.5 million square miles that comprise our nation. If it is not hurricane season, it is tornado season; if not tornado season, it is wildfire season. These are the states that are […]
The Commercial Vehicle Safety Alliance’s (CVSA) International Roadcheck for 2021 was May 4-6th (though we erroneously reported it as 5-7th earlier this year). Now, they have released the statistics to the public. How does it compare to the International Roadcheck nine months prior? CVSA International Roadcheck Statistics There is a lot of data published. Below […]
DAT Freight & Analytics has updated its freight rates for the month prior.
58% of truck drivers are willing to admit to performing unauthorized parking at least three times per week. Minneapolis’ city council has devised a law that will probably make the citizens and tourists of Minneapolis very happy, but will make truck drivers furious.The LawOn Friday, July 23rd, the city council voted 12-1 for a truck […]
Some causes are worth continuously fighting for. On the 22nd of July, Senator Todd Young (R-IN) introduced bill S.2435 co-sponsored by Senator Ben Cardin (D-MD) to repeal the Federal Excise Tax (FET) on new heavy-duty truck purchases. This is not the first time that the FET has been under scrutiny, but with senators behind it, […]
It should not be a surprise to anyone that governments tend to be lazy, even with each other. Federal regulations call for states where drivers are convicted to transmit conviction data to the state where the driver is licensed either electronically via Commercial Driver’s License Information System (CDLIS), or by mail, but not both. The […]
The Commercial Vehicle Safety Alliance (CVSA) may have a week of brake inspections coming up, but that was warned of months in advance. On May 26th, the CVSA performed an unannounced day of a blitz of safety inspections. Here is what they found. Brake Inspection Summary The day-long event took place across the three largest […]
Anyone who has been in the trucking industry for longer than a year knows that demand for trucks (new, used, and components) is rapidly outpacing supply, at least for the short term. What better time to leverage your position than when you are needed most? Whether that was their plan or the timing just happened […]
Hyzon Motors joins other trucking technology companies such as Nikola Motor Company, Hyliion, and TuSimple by allowing the common man to buy ownership in the company. Here is a summary of the venture and how it became public.DetailsHyzon (a portmanteau of “hydrogen” and “horizon”) Motors started as a part of Horizon Fuel Cells back in […]
The Federal Motor Carrier Safety Administration (FMCSA) always planned for the off-site audits to become the norm. The coronavirus pandemic merely accelerated it. From 2017 to 2020, the number of off-site audits increased fifteenfold, and the number only appears to be increasing for 2021. Currently, these remote audits account for about 46% of all of […]
If you are an owner-operator or a fleet owner, chances are you have two dozen things on your mind at any given time, but to make sure you are in compliance with the Federal Motor Carrier Safety Administration quickly, look up the last two digits of your USDOT number. If the last digit represented the […]
All good things must come to an end. For trailer sales, which wavered at the start of the coronavirus pandemic but came back with a vengeance in June 2020, it appears that the skyrocket has begun to run out of fuel.The NumbersFTR and ACT Research are very close in their estimates this month, at 11,000 […]
Remember last year before the COVID-19 lockdowns hit and there were shortages of hand sanitizer and toilet paper. The trucking industry was there to make deliveries, but now that the hand is on the other foot, toilet paper is not coming to save us. Supply Shortage First it was a new truck shortage. Then there […]
It should be no surprise to members in the trucking industry that whenever an “event” happens, regulators relieve some pressure to allow drivers to get their job done more quickly. In just the past eighteen months we have had hours-of-service exemptions for: Novel coronavirus-19 (COVID-19) nationwide. Wildfires along the western coast. Cold snap for states […]
Here we are at the end of another month, and the Bureau of Labor Statistics (BLS) has updated its numbers for the trucking industry yet again. If the preliminary numbers are accurate, then the trucking industry continues to be on a roll.The NumbersThe numbers released in July are:June 2021: 1,486,500 (preliminary).May 2021: 1,480,100 (preliminary, 400 […]
It has been about a month and a half since the Hernando de Soto Bridge closed connecting Arkansas and Tennessee over the Mississippi River. While repairs are still underway, the Arkansas Department of Transportation (ARDOT) is using some tricks of the trade to reduce the impact this closure has on the trucking industry.Traffic ControlHow much […]
We have written extensively on our thoughts about fuel taxes; here is a summary: while not fun to pay, it is by far the most efficient way to pay for roads based on use, and as such an increase is a necessary evil. Both political parties disagree, but perhaps nobody is more opposed to an […]
On June 11th the Department of Transportation (DOT) released what it calls its “Spring Regulatory Agenda”. It lists the goals of the DOT for the foreseeable future. It also lists what division of the DOT is behind making each particular goal a reality. While the Federal Motor Carrier Safety Administration was not listed, it still […]
It should be no surprise to anyone who works with us that truck demand is through the roof this year. So much so that trucking companies who normally purchase new are attempting to find solace in the used truck market. While used trucks are cheaper, their prices are on the upswing.
There appears to be a strong connection between the number of Class 8 trucks sold in a given month and the number of trailers ordered. A statistical analysis of this may make for a good article on an otherwise slow news day, but for now we will focus on the trailer sales for May 2021. […]
While the governor of the Constitution State has not yet signed the bill into law as of the writing of this article, Ned Lamont has already expressed his support for a miles tax on heavy trucks traveling within Connecticut’s borders.
Tracking the Bureau of Labor Statistics (BLS) job numbers as they update is quite the task. Every month, they not only post preliminary data for the month that has passed, but also update previous months without saying what the prior estimates were, requiring researching back in time. With all of this in mind, from the […]
The two primary data collectors for Class 8 sales in the United States, ACT Research and FTR differ slightly on their estimates for May 2021 truck sales. Ultimately they can agree on one thing: it is a large increase from the same time last year. May 2021 Sales Numbers ACT has their estimate set at […]
The cost of diesel fuel may be rising, but this may put a smile on a trucker’s face, or at least help alleviate the pain. The Numbers All three forms of freight jumped going through May, but dry van hauling simply had too large of a chasm to cross into $3 per mile. It rose […]
Traffic is a silent killer, and if Congress wants to save lives and bolster the economy, reducing traffic is a way to do both of them at once. The American Road & Transportation Builders Association (ARTBA) compiled and analyzed data from the Federal Highway Administration (FHWA), and found some interesting details on the effect that […]
American Trucking Simulator is a mostly realistic computer game, but it allows for a lot of trucking fantasies that would never be obtainable in real life. One of our favorites is smashing on the accelerator while traveling downhill on the 80 from Truckee to Sacramento, hitting 102 miles per hour and almost doubling the speed […]
The Colonial Pipeline is back up and running at approximately 80% capacity, with full capacity to return soon. With the worst of it behind us, now is a good time to reflect on what we can learn from this gas shortage debacle. The Words of George Carlin Most people might think of George Carlin as […]
One of the quickest ways to get a headache is to research the overlap between federal and state regulations and governments. We hope to save you a headache by explaining in layman’s terms to the best of our ability what the federal government’s second declaration (the first being the hours-of-service-suspension) means. Overweight Hauling on Interstate […]
The preliminary numbers for April 2021 trucking jobs, as well as the solidified numbers for February 2021, have both come in. The numbers are very similar, in that both say the trucking industry saw a decrease in jobs, but not by much. The Numbers As of April 2021 The Bureau of Labor Statistics (BLS) says […]
Historically, reefer trailer hauling has been the most revenue-generating form of freight, and it is not hard to see why. Running a reefer requires additional diesel to keep cargo at adequate temperatures, an expense that factors into the price per mile for the freight. We live in unusual times, however, and for at least a […]
Nine months ago we wrote about how the case of CTA v. Becerra had an injunction on it, allowing owner-operators to continue leasing under another trucking company’s authority. Now, over a year since the injunction was first placed, it appears the end may be in sight. The ninth circuit has ruled that AB-5 is not […]
We have written about TuSimple a few times before. Now they are increasing the stakes of their plans for autonomous trucking by having an Initial Public Offering (IPO) and allowing people to take ownership in the company. The Details TuSimple had its IPO on April 15th, of which it raised about $1 billion in additional […]
It appears as though every single bill relating to trucking that died in the halls of Congress in 2020 is making a comeback for the new year. The latest one is the Improving National Safety by Updating the Required Amount of Insurance Needed by Commercial Motor Vehicles per Event (INSURANCE) Act of 2019. Despite its […]
If you are a citizen of 49 different states or the District of Columbia (New York being the sole exception), you can drive with a CDL within state borders at various ages between 18 and 21. Once a truck driver crosses state borders, however, it becomes a federal issue and the CDL holder must be at least 21.
You have driven your truck for as long as you can remember, but it is starting to make funny noises and the exhaust is a few shades too dark. It was bound to happen eventually; the engine is starting to show its age. Reaching into the pocketbook for either an overhaul or purchasing a different […]
Dry Van hauling is the most common form of freight in America. If you want to know more about what it entails and what makes it the “default” shipping method, read on for more information.What is a Dry Van?Dry van hauling is the most common form of hauling because it is for freight that has […]
The Commercial Vehicle Safety Alliance (CVSA) is once again in sight. Like last year, the CVSA is putting a hefty focus on speeding, and with all of the data regarding speeding, it is easy to see why.
A reefer trailer means a refrigerated trailer, not that it hauls marijuana. In this article we will go over all things reefer. What is a Reefer Trailer? A reefer trailer is a trailer that has a built-in cooling system, usually powered by diesel fuel, to keep freight cold. Reefers are commonly used for produce, but […]
For a majority of the past year, we have been writing about how the pent up demand for trucking services due to the coronavirus pandemic has caused the trucking industry to rebound with terms such as “on fire” and “skyrocket on top of a skyrocket”. Frankly, we are running out of terms to describe how well the trucking industry is performing right now. Exploding? Volcanic?
While the numbers deviated slightly from the update in the middle of March, the massive jump in rates for all three forms of freight held steady.
On March 31st, the office of Joe Biden released the details for the American Jobs Plan. The entire infrastructure plan press release clocks in at almost 12,000 words. Reading it is a time-consuming project, but if you want to, you can view it on the fact sheet webpage. For those who have better things to […]
The way things have been, a fuel tax of 18.4 cents per gallon of gasoline and 24.4 cents of diesel fuel have been used for the Highway Trust Fund. These numbers, unchanged since 1993, are not enough for the infrastructure needs of the country.
In our research, we find that there is not a comprehensive yet concise article explaining the difference between these two measurements of trucker pay, so we wanted to lay things out easily for the common man, or someone just getting into driving.
Side guards might seem like another costly regulation for truckers, but they can help other drivers keep ahead.
TopMark Funding is located within view of a highway, and do not think we miss the heavy-duty trucks that come by! We see all types of trucks traveling on that road, from flatbeds carrying tubing to trucks hauling almost 80,000 pounds of tomatoes in an open-faced trailer.
The general procedure of receiving a coronavirus vaccine, as it is now, requires the patient to be a member of the eligible phase (currently 1a, 1b, or even 1c in some states), and prove they are a citizen of the state distributing the vaccine.
Listen to this article Similar to the trailer sales in January, February trailer purchases decreased when compared to the month prior, but are extraordinarily higher than they were at the same time last year. ACT Research has compiled and reported the numbers. Trailer Sales Numbers February 2021’s trailer sales totaled approximately 24,000 units. This is […]
We usually only post about the freight rates when DAT has solidified the numbers, usually a week after the month has passed. We have made exceptions for notable changes in freight rates, and here is another one. While we are only a little bit over halfway through the month, DAT is estimating freight rates to […]
Listen to the article We wrote how we thought this state of emergency would not need an extension, and in twenty-eight cases we were right. However, some states were hit harder by the cold weather than others, and as such, the Federal Motor Carrier Safety Administration is expanding the state of emergency in these six […]
You might remember last year a bill called the Protecting Right to Organize (PRO) Act made it through the House of Representatives, but died either in the senate or on the president’s desk. It is making a comeback, and with Democrats in control of the house, senate, and presidency, it may just become law. History […]
It only takes hitting one pothole on the road to understand that United States roads are an infrastructure investment that nearly everyone supports. But with such bipartisan approval, roads continue to remain in states of disrepair. The American Society of Civil Engineers (ASCE) grades different aspects of infrastructure in the United States, ranging from aviation […]
The American Transport Research Institute (ATRI), known for its annual trucking surveys, has released its list for the worst trucking bottlenecks in 2020. The Department of Transportation hopes to use the information to better allocate spending dollars to critically-needed infrastructure. Here are the details and results of the endeavor. Methodology ATRI collected and compiled GPS […]
After a few months of different freight rates going in different directions, it is good to finally see all of them move in the same direction for February 2021. The fact that they all went up in a month that usually sees decreases is simply the cherry on top.
It is probably a surprise to nobody that truck sales for any given month has a similar pattern as trailer sales, namely that as truck sales increase, trailer sales tend to increase as well. Last month’s truck sales yielded positive or negative results depending on the angle it was approached; trailer sales did the same. […]
Not a direct order of Biden but instead implemented by people he approved within the Department of Labor, the regulations regarding off-time pay is shifting back to what it was before the Trump administration. Off-Time Pay Should drivers traveling across the country be compensated for their downtime, considering they are never truly off when on […]
On February 17th, Biden continued his streak of changing gears from his predecessor by rescinding Executive Order 13801. As you can imagine from reading about it here, this impacts the trucking industry. Here is what Executive Order 13801 entailed and what Biden is doing to replace it.Executive Order 13801Hoping to bolster the use of such […]
It was but five months ago that the FMCSA declared a regional emergency for the west coast states in response to rampant wildfires in that area. Now it is time for over 30 other states, plus Washington D.C., to receive additional support from the nation’s truckers due to a cold wave.Cold Snap Delivery DetailsThe state […]
Recently, the folks over at PACCAR unveiled their newest upgrade to their 579 line of Class 8 trucks, aptly called “The New Model 579”. Peterbilt is hoping to innovate and change the way that truckers perform their jobs. Here is what Peterbilt touts as changes from the previous model. Aerodynamics While Peterbilt advertises eleven key […]
Approximately two weeks ago, we predicted that the Tesla Semi would not come out in 2021. This was not based on any confirmation, but a hunch that the streak of delaying the Semi’s release would continue. While the Tesla Semi is still slated for a 2021 release according to the company, it has hit a […]
ACT and FTR differ on their numbers for Class 8 truck sales by a few hundred each month, but their general messages are the same. This prior month’s message being that the trucking industry is cooling off from the holiday season, but still shows promise of being on fire.The NumbersACT has sales for January set […]
In tandem with the previous two months of freight data, one form of freight deviates in direction from the others. This month, however, two dropped while only one rose.The DataOf the three forms of freight, the largest change happened with dry vans, dropping nine cents to have its rate the lowest since August. It is […]
A little over a year ago, we wrote an article predicting how 2020 would go for the trucking industry. In the vaguest and broadest of terms, we were correct. Freight rates were on average higher than in 2019 (albeit slumped in the spring), and truck production did stall (though not because of a surplus of […]
Hourly pay seems like a crazy phenomenon for the trucking industry, where per mile rates rule the road. Per mile pay seems like the better solution on paper: fleet owners can find the number of miles that need to be traveled, multiply it by rate, and then figure out the payment due to the driver. […]
One problem facing electric vehicles is different plugs and outlets for charging depending on the vehicle. PACCAR Parts wants to alleviate this problem for drivers, even if they are not direct customers of PACCAR brands such as Kenworth and Peterbilt.Universal ChargingWhether you have started making the transition to electric commercial vehicles or plan to do […]
Hopefully this will be the last time we say it, because it is getting fairly old. At the same time, it is not inaccurate. The coronavirus pandemic did not reduce the demand for trucking services and assets, it only pushed that demand to a further date. If 2020’s new truck sales compared to 2019 did […]
For November, we wrote how flatbeds had their average per-mile rate reduced while the other two forms of freight increased. Poetically, it is now the refrigerated trailer to have its turn to reduce in rate.The DataWhile the numbers do not increase with the same intensity as they did in the middle of 2020, they do […]
The grace period for not being inside the FMCSA Drug and Alcohol Clearinghouse, a database of drivers and such violations, is approaching its end rapidly, January 6th. If you drive under your own Authority, you must conduct a limited query for yourself and all drivers under your Authority by that date, or you may be […]
Unless your name is Jeff Bezos or Elon Musk, there is a pretty good chance this was not your year. From a potential World War III in January, to the COVID-19 pandemic that started in March and is still going today, to the summer protests and blocked highways, this year had it all. We want […]
Even if you have never heard of the SAE J560, there is an extremely high chance that you use one. Originally issued in 1951, the SAE J560 is a seven-pin connector that sends power from the truck tractor to the trailer. This gives power to lamps and other various devices for the trailer. As trailers […]
In the last trailer sales article, we left with this prediction: “…we believe that the pent-up demand for goods, combined with the holiday season, will lead to equal or greater trailer sales in November.” It appears we were wrong this time. October sales had an average estimate of 55,350. For the month of November 2020, […]
Under the current system of rules, third-party companies such as private truck-driving schools could not be both the trainer and the examiner for a driver. The Federal Motor Carrier Safety Administration (FMCSA) plans to publish a Final Rule in the Federal Register changing this. The new regulations will make it so that the trainer and […]
Hopefully this will be the last coronavirus article we at TopMark Funding will ever have to write, as the coronavirus vaccine has been authorized for distribution and application nationwide. But COVID-19 does not plan to go down without a fight, and as one last hurrah, it may just make the holidays a little more difficult, […]
The trucking industry is on fire (in a good way). Freight rates are the highest they have been in recent history, the Outbound Tender Volume Index is on the precipice of breaking new records, and new truck sales numbers just keep growing. All of these individually are great, but combined they bring forth a new […]
Freight Transportation Research Associates (FTR) released their data on new Class 8 truck sales for November 2020 on December 2nd. We predicted the numbers would stagnate and be approximately equal to those found in October, at around 40,100. To say the very least, we were wrong. The Data FTR reports preliminary data that says that […]
As the coronavirus vaccines are finalized and become ready for distribution, the question remains as to who gets the first round of doses. The Advisory Committee on Immunization Practices (ACIP), an arm of the CDC, recently reached a nearly-unanimous vote on Monday approving a three step plan for vaccine distribution:Phase 1a: Healthcare workers and residents […]
Growth cannot last forever. After a long run of consistently rising freight rates, it appears flatbed rates are the first of the three to have a month lower than the previous month.Not to worry, however, as the flatbed rates only dropped one cent, so while flatbeds stumble, they are not tumbling down an impossible to […]
Nikola Motors Corporation has been through the wringer in the past few months, but there is at least one company that still holds faith in them, General Motors. GM, who swapped shared with Nikola in the early summer, has signed a Memorandum of Understanding (MOU) with the fledgling technology company, to show intention to use […]
Coronavirus news has been taxing since April. Nonstop news of infection rates, layoffs, cancellations are all very difficult for which to manage. You might be tired of wearing a mask and may have cheated once or twice by not wearing it at the diesel pump. In spite of everything that has happened this year, there […]
What do you get when you combine pushed back demand from the coronavirus pandemic with the demand of Black Friday? You get the highest demand for truckload shipments in recent history. Since FreightWaves created the Outbound Tender Volume Index (OTVI), it is at the highest it has ever been.OTVIFreightWaves describes outbound tender as:“…a load offer […]
On November 19th, the California Court of Appeals reversed the court decision in People v. Cal Cartage Transportation Express, LLC. In short, the appeals court ruled that the “ABC” test that comprises the heart of AB-5 is not in contradiction with federal law and as such is not overridden by it. The California Court In […]
If the coronavirus pandemic were a war, truckers would be the front line infantry, going out into the field to give people the supplies they need to either stay healthy (sanitizers and face masks), or to stay quarantined (food and entertainment supplies). With two different COVID-19 vaccines both showing a minimum 90% efficacy rate, it […]
“September’s rank as third-best month in industry history was short-lived, as October activity now takes that title,” Frank Maly, director CV Transportation Analysis and Research at ACT Research, said.As we predicted back in October, the trailer sales for that month were higher than those of September, by only a few thousand. A 6% increase, more […]
Cummins and Navistar go together like garlic and onions. They recently extended their eighty-year partnership even further. Now the two companies hope to work together in the race to get a hydrogen fuel cell heavy-duty truck to market.DetailsThe Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) wants to actively promote the development […]
We did not want to write about this Traton-Navistar deal as it was in progress, but it appears that the negotiations have been finalized. Traton, subsidiary of the Volkswagen Group, is purchasing Navistar in its entirety.DetailsBefore the buyout agreement, Traton owned 16.7% of all common shares in Navistar, meaning that their purchase was not a […]
When it comes to the monthly job totals for the trucking industry, the question for the last six months has not been whether the number goes up or down, but by how much it goes up. The Bureau of Labor Statistics (BLS) has updated its numbers at the start of November, showing preliminary numbers for […]
While the winner of the 2020 election is not yet set in stone due to recounts, lawsuits, and accusations of fraud, it is hard to deny that the likelihood of becoming president has shifted into Biden’s favor. Strongly enough, in fact, that it is worth speculating what the shift in power would mean for the […]
Freight Transportation Research Associates (FTR) has released its latest wave of sales information regarding new Class 8 trucks. While not a two-year high, October 2018 was higher, the numbers improving upon Septembers’ victory for the trucking industry is still phenomenal.The DataNew truck sales totaled approximately 40,100 for October, according to FTR. This is an 83% […]
Not only is the holiday season the busiest season in trucking with increased shipping demand and often the highest rates of the year, it is also far and away the most dangerous. If your tractor breaks down on you in the summer, the only location to have any fear is in the desert. Winter, to […]
It seems like for the trucking industry in 2020, everyone is working together with everyone else. Yesterday was an article about partnerships in the development of autonomous trucking, and now there is more news in the sphere of green fuels: Traton SE and Hino Motors Limited have signed an agreement to work on battery-electric and […]
On October 23rd, Federal Motor Carrier Safety Administration Deputy Administrator Wiley Deck spoke at the American Trucking Association’s (ATA) virtual version of its Management Conference and Exhibition. The event was turned into a virtual one this year, due to the coronavirus pandemic. Here is what he spoke about. Under 21 Drivers With the trucking industry […]
It is the same song and dance we have been doing for the past few months: the trucking industry, while having it happen later than other industries, dropped a bit from the coronavirus pandemic, and is climbing its way back up in a slow but sure manner. The Bureau of Labor Statistics (BLS) has released […]
When a truck driver hears about laws and regulations determining the difference between an independent contractor and employee, the first thing that may come to mind is California AB-5, one of the strictest standards in the nation for determining employee eligibility. At the federal level, however, the Department of Labor (DOL) wants to revise their […]
When it comes to electric vehicles overall, even beyond electric heavy-duty trucks, two major problems impede mass production and adoption: range and refueling. We have written extensively about the first one, and automotive and tech companies work around the clock to increase the number of miles an electric truck gets on a single charge. The […]
Fully electric Class 8 vehicles that can travel along the California coast in a single charge are still off into the future, but that does not mean that electric semi-trucks do not exist now. One example of such a machine is the Kenworth T680E, which will go into production and be for sale at Kenworth […]
Freight Transportation Research (FTR) has been tracking trailer sales for a very long time. It means a lot when September 2020 was the third-highest month for trailer sales since they started keeping track. The Details August’s trailer sales, according to FTR, were about 28,700. Now, for September, trailer sales reached 52,000, according to preliminary numbers. […]
There seems to be no stopping the trucking industry. For yet another consecutive month, the freight rates for all three primary forms of shipment (dry van, flatbed, and reefer) have increased yet again. Part of the blame can be shifted to the crash in rates that happened in the spring of this year, but using […]
On September 22nd, 2020, Tesla shareholders gathered in Fremont, California to hear the latest from Elon Musk and Tesla Senior Vice President of Powertrain and Energy Drew Baglino. Sitting in their cars to social distance in the era of COVID-19, shareholders learned the latest technological advancements to Tesla’s vehicles. The most interesting of which is […]
Trading upward does not necessarily have to entail purchasing a newly manufactured truck right off the factory lines. Sometimes, a swap can be as easy as getting the same make and model, just increasing the year. Some thrifty companies that would rather own their trucks than lease will own used trucks until they are ready […]
It does not take a trucking expert to understand that hauling double trailers takes a lot more skill and finesse than a single. How can drivers haul more freight while reducing crashes? The state of North Dakota plans to have its legislature discuss the topic in January. The Great Debate The way things are now […]
The United States government is a complicated system. In a short summary relating to truckers, the president appoints the Secretary of the Department of Transportation, who then manages the Federal Motor Carrier Safety Administration (FMCSA). It is a tall building where it may feel as though the limit of trucker input is voting for the […]
On September 29th, truckers will breathe a sigh of relief as FMCSA hours-of-service regulations are loosened and allow more leeway to the driver. If you have been delivering for the many various State of Emergencies that have plagued 2020, you may have forgotten what the changes to the hours-of-service regulations entail. Here is a refresher […]
It seems as though every trucking industry change is taken to court at some time or another. This time, it is a change that most truckers are looking forward to: the changes in hours-of-service regulations. Intended to provide added flexibility to a trucker’s daily work, the hours-of-service changes are being challenged by safety groups arguing […]
Either in spite of, or because of, all the crazy events happening in 2020, trailer sales for the recent months have been going up, up, up. We at TopMark Funding wrote in an article for July trailer sales, saying, “It will be interesting to see where August stands on the scale.” That data is officially […]
Another month has gone by since we last reported on the coronavirus pandemic affecting job numbers. Although the pandemic appears to not have an end in sight, society as a whole has become acclimated to the pandemic, and things are returning slightly back to normal. Some people are going back to work (albeit working from […]
Every month for a while now, the Federal Motor Carrier Safety Administration (FMCSA) has been extending the State of Emergency by another month. The FMCSA has decided to take a more proactive approach, and as of September 11th the State of Emergency has been extended until the end of the year. The Details You can […]
Between COVID-19, hurricanes, and now wildfires, it seems the whole United States is in a constant state of emergency. There is little need to worry though, truckers have the means to get us through these hard times. Even more so because, like for the hurricanes before it and the coronavirus pandemic going on now, the […]
Get Cash Back From the IRS 2020 has been a tumultuous year, to say the very least. Fortunately, the United States government has many programs in place to help provide relief for its citizens. One such example that is likely to get additional use this year is Section 179, a tax deduction for businesses to […]
If you have been following trucking industry news before the coronavirus pandemic hit the forefront, you may remember that Congress debated the DRIVE Safe Act. Apparently that bill died in the halls of Congress, because truckers under the age of 21 still cannot haul freight via semi-truck across state lines. The FMCSA wants to give […]
Pardon the pun, but the trucking industry is on a roll. Trucking sales rose for yet another consecutive month. The Data Two studies, one from the Freight Transportation Research Associates (FTR) and the other from Americas Commercial Transportation Research Company (ACT), tell ever so slightly different stories. ACT estimates Class 8 truck sales for the […]
We at TopMark Funding have written about the AB-5 bill before. In the last article covering the bill, we talked about how U.S. District Judge Roger Benitez issued a preliminary junction against it, meaning that until the lawsuit between the State of California and the California Trucking Association (CTA) is resolved, the default position is […]
The DAT numbers are in for August, and it is a good time to be a trucker. Though the trendline slopes are still downward, that very well can change in the future, as August 2020 marks the fourth month in a row where all three categories of freight have risen from the previous month (Reefer […]
Alphabet Inc., known primarily for their Google search engine and YouTube video platform, has a subsidiary known as Waymo. Waymo has two wings, Waymo One for typical four-wheel driving of passenger vehicles, and Waymo Via, where they are testing the technology in 18-wheelers for long distance deliveries.Waymo is still a far way away from making […]
In the early hours of Thursday, August 27th, Hurricane Laura hit the eastern Gulf Coast of the United States. It first hit land in Louisiana, eventually touching Texas, Arkansas, and Alabama. A category 4 hurricane, Laura has winds reaching 150 MPH but not quite reaching the 156 MPH needed to be a category 5 like […]
It is a secret to absolutely nobody that there has been a pandemic for the past six months or so. The federal government, especially the White House, has been making efforts to reduce not only the health effects of COVID-19, but the secondary collateral effects on the economy as well. This scenario the world finds […]
Whether you are a fleet owner hoping to add a new Kenworth medium-duty truck to your fleet, or a dealer hoping to add some variety to your dealership lot, your decisions in regards to T270s and T370s just became much more varied. The Default Before we go into the new options for your truck, it […]
Pollution is bad. Nobody would reasonably argue against this. Anyone who lives in or has recently driven through TopMark Funding’s home state of California can see the dense smoke haze covering the state, giving headaches to anyone foolish enough to go outside without a face mask for even a small handful of minutes.How timely it […]
The United States government operates as an agreement between 50 individual states, as well as the country as a whole, called the federal level. The states help the federal, and the federal helps the states, whenever assistance is needed. On Wednesday, August 19th, the Federal Motor Carrier Safety Administration (FMCSA) announced that it would be […]
The race to get a viable fully electric heavy-duty truck is still on, but the lower difficulty challenge of doing the same for medium-duty trucks appears to be coming to a close. Now, Peterbilt Motors Company joins the lineup of electric vehicles in the Class 6 and Class 7 markets, thanks to the Peterbilt Model […]
The numbers are in. We had written about June trailer sales at approximately this same time last month, and Freight Transportation Research (FTR) has released its latest data for new trailer sales. July 2020 shattered all expectations.By the NumbersIt does not take a trucking industry expert to imagine that the coronavirus pandemic caused new trailer […]
Cummins and Navistar International announced on August 10th their plans to continue working together in a partnership, as they have for over eighty years.Working in UnisonMost truck companies, such as Volvo and PACCAR, build their own engines in house, for both cost savings and to ensure all of the parts work together. Navistar International prefers […]
The Federal Motor Carrier Safety Administration state of emergency has been extended for another month. This is the fifth extension, set to last until September 14th, but may be extended yet again.Changes MadeYou can read the declaration in full on the FMCSA declaration’s webpage. In summary, the exemption for hours-of-service has been extended, with a […]
The Commercial Vehicle Safety Alliance, normally having their International Roadcheck in June, scheduled it this year for May 5th to 7th. Later, it was postponed until further notice as a result of a certain worldwide pandemic. Now, the CVSA has decided that the pandemic has cooled down enough where having the event to improve safety […]
Apparently April to May was the lowest point of the coronavirus pandemic, as demand for shipped goods and materials continued its ascent for the third consecutive month (two for dry van), and all three forms of freight are at their 2020 highs.DAT speculates the current month’s rates as it is happening, and while August is […]
