Robin Hutcheson, the next person in line to become the Administrator of the Federal Motor Carrier Safety Administration, has had her confirmation hearing before the U.S. Senate. Here are the events that transpired.DetailsThere were a multitude of topics discussed during the confirmation hearing, but perhaps none as important as the purported “driver shortage” and the […]
DAT Freight and Analytics continues to report unprecedented times: flatbed hauling is the king of the road. With May 2022, the throne has only become higher. May 2022 Numbers Dry van hauling was $2.71, an eight cent decrease from April 2022. Flatbed increased by three cents going from $3.42 to $3.45. Reefer transportation decreased eight […]
The trucking industry continues its winning streak, with another month of all-time high employment. The Bureau of Labor Statistics (BLS) has the numbers.May 2022 NumbersThe initial posting for May 2022 is 1,581,300.The revised count for April 2022 is 1,568,000. This is an increase of 3,900 jobs.March 2022’s final number is 1,554,000. From the last estimate, […]
In a move that Chris Spear of the American Trucking Associations (ATA) has called “a long time coming”, the House of Representatives has passed the Ocean Shipping Reform Act of 2022. Now, it heads to Joe Biden’s desk for signature.Bill DetailsThe Ocean Shipping Reform Act of 2022 hopes to stop what Chris Spear of the […]
Class 8 sales have decreased slightly in May 2022, according to Freight Transportation Research (FTR), but FTR’s vice president of commercial vehicles Don Ake says he is not concerned about the slight lull in sales. Here are the numbers, and the reasoning.May 2022 Numbers and DetailsFTR pins the number of big rig sales in May […]
In recent times the Federal Motor Carrier Safety Administration (FMCSA) has made changes to commercial driver qualification filing rules. While each individual change did not justify an article on its own, combined they add up into something larger. Here are the changes that have been made in 2022 thus far.Road Test Certificate InformationAs of March […]
The Truck and Engine Manufacturers Association (EMA) is suing the California Air Resources Board (CARB) regarding a regulation that is due to go into effect in January 2024.DetailsOn December 22nd, 2021, CARB established the Heavy-Duty Engine and Vehicle Omnibus Regulation, which places higher emission status on heavy-duty trucks sold in California. It was set to […]
It has been over a year since the Ninth Circuit has ruled in favor of California’s AB-5 law. The California Trucking Association had appealed to the United Supreme Court, and the injunction has stayed in place ever since. Could the Supreme Court hold a hearing regarding the case before its current Term ends?DetailsThere are four […]
The Commercial Vehicle Safety Alliance (CVSA) is notable for having special periods of time across the year to enforce safety in commercial big rigs. One such example is checking truck maintenance with the International Roadcheck, which passed last month. Another that they do focuses on the most dangerous component of them all, the driver behind […]
If you have been following the news at all, there is a good chance you have heard about the baby formula shortage going on in the United States. On May 18th, Joe Biden announced his plan to use the Defense Production Act to leverage governmental powers to get more baby formula produced. One such example […]
When the Federal Motor Carrier Safety Administration (FMCSA) announced changes to the COVID-19 State of Emergency within less than a month of its expiration, it raised the notion that it would be extended again. Now, we know for sure that it has.DetailsThis extension is brought to you by Robin Hutcheson, current Deputy Administrator of the […]
2022 has been an interesting time for trucking industry assets, as high demand but low supply has everyone scrambling to get their hands on what they can get. ACT Research has the sales numbers for April 2022 net trailer orders.April 2022 NumbersACT Research estimates the sales of trailer orders to be 19,614. While this is […]
Trucking orders lulled for the month, as manufacturers continue to keep a tight backlog and prevent new orders from being added due to demand outpacing supply. ACT Research and FTR have the numbers!April 2022 NumbersACT Research pegs the sales at 15,800; FTR, 15,400. The two organizations, as usual, are very close with their approximations.These sales […]
April was a great month for those in the market to buy a used big rig to increase their fleet, as, for the most part, the auction market eased up during that month. J.D. Valuation Services has the numbers.April 2022 Auction AveragesModel year 2020: $153,580; a $5,920 (3.7%) decrease from March.2019: $112,785; $4,962 (4.2%) decrease.2018: […]
What better time to celebrate one of America’s greatest jobs than during the month of America’s birthday?The World’s Largest Truckstop is known by truckers nationwide for its numerous services and amenities it provides to drivers year round, but almost every year they also put on one of the largest trucking conventions in the world. This […]
North Dakota is having issues with extremely cold weather within its borders. As a result, Governor Doug Burgum has declared a State of Emergency to help save North Dakota’s agricultural industry.DetailsThe Declaration is not unlike a similar one performed by Florida three months ago to save its agricultural commodities, except whereas Florida grows citrus fruits, […]
The Federal Motor Carrier Safety Administration (FMCSA) has extended the COVID-19 State of Emergency exemptions numerous times, but this specific instance of touching it is a unique one. While the Declaration is being modified to include new items to be hauled under it, it is not being extended, for the time being.DetailsOn May 13th, Robin […]
We said that this day may come last month, but we are still shocked that it has arrived. Flatbed hauling has now taken the crown from reefer hauling in regards to rate prices, perhaps for the first time in trucking history! With flatbed rates up, and truck and trailer prices finally coming down, maybe it’s […]
Speed limiters are a touchy subject amongst drivers within the United States, but that is not going to stop federal regulators from making them required.The Federal Motor Carrier Safety Administration (FMCSA) has recently announced that it plans to publish a supplemental notice to a 2016 proposed rule requiring speed limiters on heavy-duty trucks.DetailsThe idea of […]
Another month, another round of statistics from the Bureau of Labor Statistics (BLS). Unfortunately, with all the news going on in the trucking industry, we accidentally skipped March 2022’s job count update. This article will cover both months.March 2022 NumbersHere is a brief summary of what happened in March’s update:March 2022 data says 1,550,800 jobs.Comparing […]
The National Truck Equipment Association (NTEA) is changing gears, pun intended. They are changing the name of their annual convention from the Truck Product Conference to the Commercial Vehicle Upfitting Summit, and it will be taking place September 13-14th, 2022 in Sandusky, Ohio.DetailsIn a time where global supply shortages are requiring fleets to get every […]
It should be no surprise to anyone that COVID-19 and the resulting uptick in pent-up demand, combined with the demand for better working conditions since the work from home movement began, has caused a global supply chain shortage. One such example of blockage is at intermodal points between boat, railroad, and truck. Norfolk Southern, a […]
Everyone’s favorite part of being a truck driver, and the main reason for getting into the business in the first place, is waiting for pickup and dropoff. Oftentimes, these wait times are unpaid, but the state of Pennsylvania is working to make these arduous hours a little more manageable by requiring restroom access. Say hello […]
Auction rates in the current global supply shortage are always interesting to check. With new trucks having a hard time staying on the lot, the industry turns to used vehicles to fulfill asset needs. J.D. Valuation Services has the numbers. March 2022 Numbers For all years except the most recent listed, 2020, prices decreased. Model […]
If you have been following trucking industry news for the past year, you might be familiar with the term “global supply chain shortage.” Simply put, it has been plastered on articles across the internet, including our own. However, March 2022’s trailer sales have bucked this trend. FTR and ACT Research have the numbers. March 2022 […]
Kentucky Governor Andy Beshear has announced that a State of Emergency exists within the Bluegrass State, and is lifting trucking regulations regarding just that to provide aid to needy citizens.DetailsThe declaration cites a need due to:TornadoesSevere thunderstormsFlash floodsDamaging windsAs a direct result of the nasty weather, the governor is suspending some hours-of-service regulations and regulations […]
ACT Research and FTR will often vary their estimates for truck sales by a difference of a few hundred each month, with the correct answer presumably somewhere in the middle. With recent events in the trucking industry, their jobs have become significantly easier. This is evident by the numbers the two organizations have found for […]
Approximately a week after Governor Greg Abbott initiated increased scrutiny inspections at the border between Texas and Mexico, he has reneged the order at the border. The inspections will still take place, just with a more efficient method than using state troopers placed at the border and forming a queue.DetailsGovernor Greg Abbott first lifted the […]
Georgia Governor Brian B. Kemp has declared a State of Emergency in response to supply shortages within the Peach State. The Declaration is very broad, and truckers traveling within Georgia may find it to be lucrative. Details The Declaration is unique in its scope. Whereas other Declarations list what goods and types of people fall […]
With Meera Joshi departing to work back in New York City, the Federal Motor Carrier Safety Administration (FMCSA) is once again in need of someone to lead it. Secretary of Transportation Pete Buttgieg had suggested one of his closest assistants, Robin Hutcheson, for the job. Now, Biden has officially nominated her for the position.DetailsBefore working […]
It seems the global supply chain is always in the news these days. Whether it is a backlog of cargo carriers at the Los Angeles/Long Beach ports, vaccination requirements at the US-Canadian border, or the latest development happening at the border of Texas and Mexico. Governor Greg Abbott has recently announced efforts to increase inspection […]
How is that for a name? It is no surprise to anyone that supply chain problems are causing shortages in the economy. The House of Representatives is hoping to help remedy this through the power of tax incentives, namely the Strengthening Supply Chains Through Truck Driver Incentives (SSCTTDI) Act. Details Were SSCTTDI to be signed […]
We have written at great length about how a better method to resolve air pollution would be to enact regulations that peter out older engines rather than forcing new engines to continuously provide breakthroughs in efficiency, and it seems that California may be doing just that. Details The California Air Resources Board (CARB) enacted a […]
It is safe to say we live in unprecedented times. Coronavirus, supply chain shortages, the war over in the Ukraine, and oil shortages. With all of the inane things we have experienced since the start of the decade, hopefully the changes in freight rates will seem less crazy in comparison.March 2022 NumbersAccording to DAT:Dry van […]
It should be no surprise to anyone at this point that gas and diesel prices are at historic highs, due in part to the Ukraine-Russian conflict and the resulting oil embargo. With people across the country struggling to pay the new prices, the Biden Administration has announced that it will be adding its own supply […]
A little inflation of around 2% is a good thing; such inflation encourages people to actually use their money rather than hide it under a mattress. Inflation rates above 9 percent, however, are a little more worrisome. The DOT’s recent final rule is a strong example of why. Details The Federal Civil Penalties Inflation Adjustment […]
This has been an ongoing news event, but recent happenings warrant being known. The Texas government on March 18th issued a State of Emergency regarding wildfires in eleven counties. Now, that number has expanded to fifteen counties. Here is how truckers are affected.DetailsThe latest declaration casts a wide net over regulation within the state of […]
At this point it is the same old story: global supply chain shortages leading to trucks being produced at a rate that does not match demand. FTR and ACT Research have the numbers.February 2022 NumbersFTR pins the sales at 21,100; ACT Research, 21,000. This is perhaps the closest the two research organizations have been in […]
S.3806, the Hydrogen for Trucks Act, has been introduced into the United States Senate, with a similarly-named bill, H.R.7064, being introduced into the House of Representatives. Here is what the twin bills becoming law would detail.DetailsCongress’ official website has the wording for both bills on the appropriate webpages, for the House of Representatives and the […]
It should be a surprise to nobody that the Biden Administration is tough on fossil fuels in favor of clean energy. As the United States implements an oil embargo on Russia, diesel prices are hitting record highs. The truth of the matter is that because of global supply chain shortages and the composition of electric […]
The California AB-5 saga has not come to a close yet, as what the Supreme Court will do with it remains a mystery, but other challenges to the independent contractor/employee dynamic are still in motion. One such case is the Department of Labor redefining the term “independent contractor” shortly after the Biden Administration came into […]
After canceling the event for two years in a row, the Mid-America Trucking Show (MATS) is scheduled to have its 50th anniversary this year. With how close the event is to the time of writing and no news of it slowing down, it appears slated to go.DetailsThe website for MATS has the tagline “Worth the […]
When we report the Bureau of Labor Statistics’ (BLS) job numbers, we usually do the sum of all jobs in the trucking industry. February was an interesting month that takes a lot more nuance, so prepare for an explanation of what the BLS has to report.February 2022 NumbersComparing apples to apples, the employment counts posted […]
We have been reporting so much on coronavirus these past two years, it is almost a sight for sore eyes to hear about another public health crisis!Now that the shock of a different pathogenic disease as the center of attention has passed, Iowa has declared a State of Emergency within its state borders to help […]
Which is a less stable used truck market, one where all of the model years travel in the same direction of double-digit percentage increases, or one where all of them travel in unpredictable directions independent of one another? We ask because that is what J.D. Valuation Services found in used truck auction rates at the […]
On March 7th the Environmental Protection Agency (EPA) unveiled its latest proposal for heavy-duty truck and engine standards to reduce emissions. Details The proposal is the first step in the EPA’s “Clean Trucks Plan.” While the proposed standards are still subject to public scrutiny before becoming official regulation, we can use them to see the […]
At this point, it is a little difficult to keep track of how many times this emergency waiver has been extended. As the country almost enters its third year of two weeks to flatten the curve, the Federal Motor Safety Carrier Administration is not backing down from fighting the virus, directly and indirectly.DetailsThe new extension […]
With another month behind us in this global supply chain shortage, it is time to see where freight prices per mile line up. DAT Freight & Analytics has the numbers!February 2022 RatesThe average national rates for each form of hauling was as follows:Dry van was $3.10 per mile, the same as it was in January.Flatbed […]
It should be of no surprise that urine sample testing for drugs is not very popular. With that in mind, the Department of Transportation has been delving into other potential substitutes for urine drug testing. One that has shown a lot of promise is hair testing, but another that may become more common is testing […]
It is no surprise to anyone that crude oil prices and, by extension, those of its refined products are reaching record levels. A new world event may just be another cog in the machine of rising diesel prices, that being the Russian invasion into Ukraine.DetailsCountries across the globe, including the United States, are waging economic […]
The Commercial Vehicle Safety Alliance’s International Roadcheck is set to happen again this year. It is a 72-hour marathon of inspections for commercial trucks and trailers in Canada, the United States, and Mexico. Here is what this year will entail.DetailsThe theme for this year’s International Roadcheck is wheel ends. While this includes brakes, which were […]
The Canadian Freedom Convoy and Blockade may be de facto over, but the movement has spread to other countries. One of these countries is right here, the United States. There were talks about when such an event would start, and it appears to now have a set date of February 25th.DetailsThe plan, as told by […]
What had happened to the trailer market in January 2022 also happened to the new Class 8 market. With no new trucks in reserves, they are rolling off the production lot and going straight to work. FTR’s and ACT Research’s numbers are below. January 2022 Numbers The twin research organizations are very close in their […]
From January 28th to the 30th, Florida experienced exceptionally cold temperatures across the state. This has compelled Florida Governor Ron DeSantis to declare a State of Emergency. Unlike the cold snaps in Texas for the past two years, the objective with this waiver is to not save lives, but to save the agricultural industry and […]
It is no secret that trucking companies are snapping up trailers as fast as they can be created. As such, an anomaly in the industry has happened where sales have reached an equilibrium point. FTR has the numbers.January 2022 Sales NumbersFreight Transportation Research has the estimated number of trailer sales for January pinned at around […]
J.D. Valuation Services has released the average auction prices for December 2021. The numbers, while on average lower than the month prior, show just how far trucking has come in the last twelve months.The NumbersWhen December comes around, most fleets that want trucks to make holiday deliveries have already obtained them (if they can), so […]
The latest chapter in the Freedom Convoy/Blockade saga has made an interesting turn.On February 14th, Justin Trudeau announced that he was invoking the Emergencies Act of 1988, the first time it will be invoked since first it became law. This has lasting ramifications for truckers.Emergencies ActEstablished almost 25 years ago, Canada’s Emergencies Act gives the […]
The coronavirus pandemic keeps on giving. What once was a source of anguish for truckers with massive layoffs across the industry is now causing demand for logistical services to exceed supply, and the rate per mile for all three forms of primary freight have risen yet again, exceeding last month’s new record. DAT Freight & […]
NoticeThis article was initially written before the Superbowl. Talks are now of the convoy starting March 4th.With all of the buzz surrounding the Freedom Convoy and Blockade in Canada, there is word going around of American truck drivers following in their tracks. Could a Freedom Convoy from Los Angeles to Washington, D.C. help lift restrictions […]
We wrote last month about how we were cautiously optimistic about the trucking industry getting more workers than it did before the start of the coronavirus pandemic. The Bureau of Labor Statistics has updated its numbers, and it says that not only are we above pre-pandemic numbers, but trucking is also at the highest employment […]
Nothing breaks regulation up quite like desperate times.
We last wrote about the Canada vaccinations with news of the Freedom Convoy, but it appears that that is now over. The protestors have taken a different direction with their protesting now that they have finished traveling from Vancouver to Ottawa, and are protesting in the Canadian way: through passive resistance. Details You might remember […]
The Professional Driver Agency is a company that works on fleets’ behalf to help retain truckers by keeping the company’s workforce happy. They also conduct research on the side. Through thousands of phone calls in 2021, they have compiled a list of the ten most common complaints. You may think the number one issue has […]
Starting on Sunday the 23rd and will probably be over by the time you read this, truck drivers in Canada protested vaccine mandates (including one involving crossing the United States border) by having a convoy travel from Vancouver to Ottawa, the capitol. It is over 40 miles long. Details We have talked about our northern […]
Soon, a new rule will go into effect to improve entry-level driver training (ELDT). Here are the things you should know about this program so that you do not get blindsided by changes happening in the trucking industry.1. It parallels obtaining a standard driver’s license.Like obtaining a normal driver’s license for a 4-wheeler, the new […]
We at TopMark Funding try to use the word “skyrocket” sparingly, only for the craziest of circumstances in the trucking industry. We believe J.D. Valuation Services’ numbers for used Class 8 truck auction rates is a perfect example of when to use the word, and when you see the numbers we think you will agree.The […]
Infrastructure spending is perhaps the one form of government spending that all aisles can agree to. With billions upon billions of people and items needing to travel from point A to point B, infrastructure investment certainly pays dividends. Now, the federal government is allocating tons of money for bridges, in what the United States Department […]
The position of Acting Administrator for the Federal Motor Carrier Safety Administration (FMCSA) has been traded off like a hot potato for the past few years. Whether it is a change in leadership from the Department of Transportation or the resignation of the Administrator moving to greener pastures, the slot is having a hard time […]
What will happen in the trucking industry for the upcoming year? Our predictions for 2021 were a toss-up between being correct and incorrect: the Tesla Semi was delayed and trailer sales stabilized, but Class 8 truck sales and freight rates are higher than they have ever been. Here are our predictions for the third year […]
TopMark Funding does not just specialize in financing for trucks and trailers, we also specialize in other forms of business equipment. As such, we will continue to provide you with the latest in the trucking industry, and the construction industry as well. For our first article, let us state the obvious: construction materials rose in […]
Comparable to Class 8 truck sales, trailer sales for the entirety of 2021 were larger than they were in 2019. Unlike the other half of the tractor-trailer combo, the numbers for 2021 were lower than 2020. FTR has the numbers.December 2021 NumbersFreight Transportation Research estimates the order numbers for trailers to be 26,500 in December […]
The United States Supreme Court may have recently declared the vaccine mandate to be an overstep by OSHA, but when it comes to international affairs, things get a little bit more complicated and the battle over vaccine mandates continues. Truckers traveling to the Great White North will need to provide proof of vaccination in order […]
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 […]
