TopMark Funding is located in Roseville, California. We are a few miles northeast of Sacramento, and most consider Roseville to be part of the “Greater Sacramento Area”, despite being in Placer County. The winter storms that had been declared in thirteen counties earlier have expanded into twenty-one more, and as such Governor Gavin Newsom is […]
By the time the Internet publishes this article, two rest areas in Missouri, southbound I-29 near Dearborn and I-35 near Lathrop, will be closed for around seven months. This will put more pressure on the truck parking problem in the Show-me State, but not for long, as the Missouri Department of Transportation (MoDOT) is planning […]
The Autonomous Vehicle Industry Association (AVIA), knowing that the federal government is going to regulate them eventually, has taken a proactive approach to its problem by outlining suggestions on what it thinks the government can do to help autonomous technology flourish while keeping people safe.DetailsYou can read the entire 12 page document at the relevant […]
In the United States, commercial trailers are an essential part of the trucking industry. They are used to transport goods, materials, and equipment across the country. There are various types of commercial trailers available, and the choice of trailer depends on the cargo being transported. Among the different types of trailers, there is one that […]
TopMark Funding’s home state of California has a state sales tax of 7.25%, the highest in the nation for consumers wanting to upgrade to the next highest size of flatscreen television. But even the highest standard sales tax rate pales in comparison to the Federal Excise Tax (FET), a 12% levy put in place to […]
The Federal Motor Carrier Safety Administration (FMCSA) Drug and Alcohol Clearinghouse is the system by which the federal government tracks commercial drivers’ use of mind-altering drugs, and, should their licenses be revoked, how far along in the steps the driver is in being able to return to service. However, there was a loophole that a […]
Tow trucks play an essential role in our society, providing a vital service for drivers who are stranded on the side of the road. However, with so many different makes and models available, it can be challenging to determine which tow truck is the best for your business. Whether you’re looking for a traditional tow […]
In January, California Governor Gavin Newsom declared a State of Emergency regarding widespread winter storms. Anyone living in the most populous state in the nation right now would agree that the downpour, after a short break, has continued. As such, another State of Emergency has been declared in the Golden State. Details You can read […]
The Commercial Vehicle Safety Alliance (CVSA) is revising its rules regarding hours-of-service (HoS) violations that lead to out-of-service (OoS) declarations. In doing this, the CVSA hopes to allow more truckers on the road without compromising safety.Cooking the BooksDriving beyond the standard HoS does not normally lead to an OoS violation, it is the proven act […]
When Robin Hutcheson was promoted from Deputy Administrator to the top of the Federal Motor Carrier Safety Administration (FMCSA), there was a vacancy for the Deputy position. The USDOT has found the person for the role: a man named Earl Adams Jr.The Experience of Earl Adams Jr.Normally, the Deputy Administrator position does not need a […]
Life has some universal truths. We will all die one day, the sun is very hot, and the month after the holidays tends to cause a lull in the trucking industry. In regards to trailer orders, 2023’s first month of the year was not an exception to the rule. ACT Research has the numbers!January 2023 […]
A lot of transportation and infrastructure red tape requires the use of American-made products when it comes to serving the public good. The logic makes sense, as the roads and railways are for Americans and ought to be made by Americans. However, this process takes time, and the Federal Highway Administration (FHWA) is suspending the […]
Easily one of the greatest issues tackling the trucking industry today is the lack of available, safe truck parking. We once postulated that perhaps businesses with extra parking space could sell it, and one startup company, the Truck Parking Club, is hoping to pair weary drivers with companies hoping to make a few extra dollars […]
Remember when we talked about the Environmental Protection Agency (EPA) standards regarding trucks in model years 2027 and beyond? Well now there are senators seeking to overturn the rulings. EPA Rule Details and Opposition As a quick reminder, some of the changes for 2027 models and beyond include: Warranties for trucks must be increased from […]
Winter this year is going to end not with a whimper, but with a bang, as the National Weather Service (NWS) expects this week to have tumultuous weather conditions in the midwest. Truckers beware! Details The NWS is predicting that for the rest of the week the northern midwest, including states such as Iowa and […]
Is it just us, or is this winter colder than most? The Federal Motor Carrier Safety Administration (FMCSA) seems to agree, as it is extending a State of Emergency for eight states in the hauling of various fuels.DetailsThe first Declaration was in direct response to the Suncor refinery in Colorado having an unexpected shutdown, leading […]
Semi-trucks play a crucial role in the transportation industry, and it is a job that requires great responsibility, skill, and dedication. The demand for skilled truck drivers is increasing, and the industry is offering attractive salaries to attract and retain the best talent. As a result, truck driving has become one of the best-paying jobs […]
The Federal Motor Carrier Safety Administration has been in the news quite a bit lately, and this article is no different. Here is a taste of what the FMCSA is planning on changing to its Safety Measurement Systems (SMS).Relearning the BASICsSome modeling that the FMCSA uses to determine high-risk drivers is the Behavior Analysis and […]
You may remember a few months ago where we calculated how long it would take for a truck driver to travel across the entire United States using an electric truck. Another interesting question to consider when taking extra to time charge with electricity when compared to diesel is how many chargers it would take to […]
We know that the title has plenty of acronyms, so allow us to elaborate. The American Trucking Association (ATA) has a Technology and Maintenance Council (TMC) which will be hosting its annual meeting and Transportation Technology Exhibition (TTE) on February 27th.Transportation Technology Exhibition DetailsThe event will run for four days at the Orange County Convention […]
Autonomous trucks are still numerous decades away from fully replacing the human driver, but that has not stopped labor unions representing truckers in California from petitioning the state Legislature to put in regulations that protect California’s truckers from becoming displaced by the technology.Autonomous AutomobileCalifornia already has set rules in place regarding self-driving vehicles that weigh […]
A new year, a new slow season! As to be expected when the holiday season ends, demand for deliveries across hundreds of miles have started to decline. Add in the lower amount of agriculture harvested within the United States, and the supply and demand equation is sure to shift. DAT Freight & Analytics has the […]
Conventional wisdom would dictate that once the slow season begins after the holidays, the number of trucking jobs would decrease. After all, all of the presents have been shipped, so demand is lower than it would be in December. In reality, this is seldom the case, and 2023 is not an exception to the rule, […]
Since August 2020, there has been an ongoing lawsuit between the American Trucking Associations’ Intermodal Motor Carriers Conference (IMCC) and numerous ocean carrier equipment organizations over the required use of specified intermodal chassises rather than truckers any chassis that fits specifications. Recently, a Federal Maritime Commission (FMC) administrative law judge ruled that this practice was […]
The American Research Transportation Institute (ATRI) releases some interesting data tidbits that the average trucker can use to better plan his or her routes. The simplest answer? Stay away from Houston!MethodologyThe ATRI lists its methodology of how it got its numbers. Here is the gist of it:Assume the optimal speed for a truck at each […]
Trucking is a critical part of the transportation industry and has a major impact on the economy. Despite being a male-dominated field, women are making their mark in trucking and proving that it’s not just a man’s job. This article will explore the role of women in trucking, including their growing presence, the challenges they […]
Autonomous trucks are no doubt still far into the future, but that has not stopped the Federal Motor Safety Administration (FMCSA) from preparing to regulate them. They have announced a Supplemental Advance Notice of Proposed Rulemaking (SANPRM) where they request public feedback on how self-driving trucks should be regulated as they become more common.DetailsThe SANPRM […]
The people working in our federal government are fully aware of supply chain issues that have been plaguing the nation for roughly a year now, and understand the key to greasing the wheels of the economy involves the United States trucker. Two Representatives, Dusty Johnson of South Dakota and Jim Costa of California, have reached […]
Missouri is spending money into workforce education. Out of $30 million in total to be given to 19 organizations across the state, four truck driving schools are receiving $5.9 million in grants.DetailsThe money is granted by way of the American Rescue Plan Act Workforce Training Grant, which Governor Mike Parson says, “From day one, our […]
J.D. Valuation Services is happy to report that the data they have collected show used Class 8 trucks are continuing their market correction from the highs earlier in the year and in 2021.December 2022 NumbersUsually one or two model years will go against the general trend as with what happened in November 2022, but the […]
Can we interest you in a double feature? The trucking industry has lately been firing on all cylinders, and trailer sales have not been an exception to the rule. Unlike the rest of the trucking industry, December saw an acceleration of trailer sales. ACT Research has the numbers.November and December 2022 Trailer SalesAccording to ACT […]
You might remember at the end of 2021 there was a port backlog crisis that choked an already strained supply chain. To avoid this from happening, some members of Congress are suggesting a bill to enlist the help of a previously-barred demographic: drivers not old enough to drink.DetailsTruck drivers under the age of 21 are […]
On January 16th there was an event called the Heavy Duty Aftermarket Dialogue (HDAD) conference in Texas. HDAD describes itself on its website as, “an outlook conference specifically directed toward the heavy duty aftermarket supplier industry.” One of the presenters there was MacKay & Company, which is similar to FTR and ACT Research but focusing […]
The trucking industry is full of researchers trying to find the next big thing in replacing diesel as the main source of fuel. Between electricity, various forms of natural gas, and hydrogen cells, it can be a lot to consider. Now, a new contender has entered the ring that has certainly caught us by surprise.DetailsAmmonia […]
The Federal Motor Carrier Safety Administration is considering increasing the amount of readily-available assets (mostly cash) that a broker must have on hand to pay fleets who have completed deliveries for them, as written on a proposal in the Federal Register. Details The way things are now, a broker is required to keep $75,000 in […]
The trucking industry has been hard at work these last few months due to the holiday season. As a direct result, fleets were scrambling to get more bodies into their trucks. The Bureau of Labor Statistics (BLS) has the numbers.December 2022 NumbersDecember 2022’s preliminary estimate stands at 1,601,500. This is either the third or fourth […]
2020 was certainly a special year. A recently released report from the Bureau of Transportation Statistics (BTS) can give us some insight into how the year that most people stayed home impacted the trucking industry.Facts & FiguresThe entire document is over 230 pages long and covers many various aspects of the transportation industry, including freight […]
What’s New? Research conducted along an East Coast freight corridor found that truckers are missing out on open parking spaces due to a lack of visibility of what’s available, and drivers’ perception, based on trucks already parked along the side of the highway, that all spots are taken. “The most influential factor — or the […]
December 2022 marks the third month in a row of continuous decline for big rig orders, but when four months ago was a record month for sales, the industry still has plenty of diesel fuel left in its tank. FTR and ACT Research have the numbers.December 2022 NumbersACT Research has their preliminary numbers at 30,300 […]
There are dozens upon dozens of different obstacles that autonomous trucking needs to overcome before it can become a reality and replace humans behind the wheel. One that is seldom talked about is what happens during a vehicle malfunction. A robotics start-up called Kodiak Robotics is hoping to program an autonomous truck that can handle […]
Loyal readers may remember what we had written about in the past, how California was experiencing intense drought and how the federal government may want to install a pipeline that can distribute water from where it is flooding to where it is dry. That will not be needed anymore. California is experiencing intense downpour to […]
What’s New? On Jan. 4 President Joe Biden took a trip to Kentucky to visit the tattered Brent Spencer Bridge. The goal was for the administration to highlight the bipartisanship infrastructure law. During this visit, the Federal Highway Administration also announced $2.1 billion in first-round grants to repair economically significant bridges. “I believe it sends […]
Happy New Year everyone! New Year’s day typically entails lots of partying, friends, and the start of new laws because it is convenient.The California Air Resources Board (CARB) announced an update to a rule regarding the ban of older engines, due to their disproportionate emissions. As of January 1st, it is now illegal to drive […]
The holiday season is now in the rearview mirror, so now we can look at the data from December and determine what effect the holidays have had on the trucking industry. In regards to freight rates, it appears things are going back to normal for the industry.December 2022 NumbersDry van increased three cents to $2.41 […]
There are numerous reasons why speeding is a bad idea; the ticket that you get if you are caught is one of them. Rosenblum Law, a legal firm that fights traffic cases, has compiled the costs for CDL drivers speeding more than 15 miles per hour above the speed limit.MethodologyRosenblum Law found the costliest speeding […]
According to the Energy Information Administration data report, released on Dec. 26, the average national diesel fuel price has gone down 5.9 cents in the past week, bringing the total average to $4.537 per gallon. Since Nov. 7 diesel prices have dropped 79.6 cents, from $5.333 a gallon to the current average of $4.537. This […]
We have come to the end of another year. Perhaps it is just us, but this one seemed to be the fastest one of the 2020s decade thus far. Here are the biggest articles of each month in the trucking industry, as voted by your eyes!JanuaryIn case you need a timeframe reference for how long […]
The General Services Administration (GSA) has announced its plans of using $3.4 billion from the Infrastructure Investment and Jobs Act of 2021 on ports of entry. The money will be spent on fifty projects in eleven states to revitalize the infrastructure of international commerce, with both our northern and southern neighbors.DetailsThere are fifty total projects […]
J.D. Valuation Services has reported the average auction prices for used Class 8 trucks in November 2022. It is what we had anticipated the month prior: the intersection of supply and demand determining price is still the king of economics.November 2022 DetailsModel year 2020: $96,350: an increase of $7,325 (8.2%) from the month prior.2019: $77,767; […]
The Environmental Protection Agency (EPA) has published its most recent final rule regarding regulations for heavy-duty trucks. The entire document is over 1,100 pages long. Would you be willing to settle for an abridged version?DetailsHere are just a few of the regulations for the 2027 model year:Reduced tailpipe NOx limits to a level 80%-plus below […]
The Federal Motor Carrier Safety Administration (FMCSA) says that if current winter storms are any indicator of what is to come, the start of 2023 is going to be a time of great cold. As such, the FMCSA is giving hours-of-service exemptions to haulers providing heating oil, such as propane and natural gas, to numerous […]
On December 13th, scientists at the Lawrence Livermore National Laboratory in California were able to use nuclear fusion to generate more energy than was used to conduct the procedure, marking the first step in the potential for the use of nuclear energy for everyday use. This has more implications on trucking than you may first […]
We have written about the truck parking problem for quite some time now, but there is a question that we have not really addressed. If there really are eleven trucks for each designated truck parking spot in the nation, where are truckers stopping to get rest? One tech company sought to find out. Details Lytx […]
All workers in the trucking industry may find themselves with intense work this holiday season despite record employment, as November 28th, 2022 was the biggest day for shopping in the United States ever, and most of it was done online.DetailsCyber Monday, the first Monday after Thanksgiving, is the day of the year that generates the […]
November’s truck month sales are a repeat episode of October’s: the count is high, much higher than the 2021 equivalent, but has decreased from the month prior. ACT and FTR have the numbers!November 2022 NumbersACT has preliminary orders at 33,000 while FTR reports 34,300. While this is lower than October’s estimate of 43,200, it is […]
Truckers have a curiosity for velocity, as the Commercial Vehicle Safety Alliance (CVSA) announced the results of this year’s Operation Safe Driver Week at the end of last month. The results were interesting, to say the least.DetailsIt is common knowledge that since the COVID-19 pandemic and the resulting lockdowns that put fewer vehicles on the […]
What’s New? On Dec. 2 President Joe Biden signed a bill to end the long-standing labor agreement between a freight rail station and its union workers. “The bill I’m about to sign ends a difficult rail dispute and helps our nation avoid what without a doubt would have been an economic catastrophe at a very […]
On December 1st, two senators from both sides of the political aisles introduced the Truck Parking Safety Improvement Act. Should it be passed into law, it would enable $755 million of investment spending into public truck parking spaces. Details The phenomenon of truck parking demand exceeding supply is nothing new. Some city governments are taking […]
It has finally happened. A day we almost thought would never come due to delay on top of delay, but it is finally here.At the GigaFactory party in Nevada, Elon Musk did the honors of handing the first Tesla Semi vehicle key card to the CEO of PepsiCo North America. Is this the start of […]
Every month the Bureau of Labor Statistics updates its estimates for job numbers in various industries for the past three months. Here is what is going on in NAICS 484: the trucking industry.November 2022 NumbersThe preliminary employment count for November 2022 is 1,601,300. A new record for the industry!The initial revision for October 2022 is […]
The quiet before the storm of the holiday season.Freight rates have encountered another slight decrease similar to what happened in October. Here are the DAT numbers.November 2022 NumbersDry van decreased another four cents to $2.38 per mile.Flatbed, like the month prior, dropped four cents. It is now averaging $2.83 per mile.Reefer rates stood stagnant at […]
If you have been watching gasoline and diesel fuel prices like we have, you might have noticed a trend regarding the two liquid fuels. Gasoline has its prices vary over time drastically, but diesel continues to command high prices. Why is this? There are numerous reasons that add up, here are two factors you may […]
Fleets operating within the drayage profession may want to start looking in the general direction of the sunrise, as an interesting phenomenon is happening regarding U.S. imports: some companies are opting to go around the United States rather than through it.Decrease at Long BeachExperts estimate that the amount of goods by weight being processed at […]
When you think of Tesla Motors, the human you are most likely to think of is Elon Musk. This article is instead about JB Straubel. He was the fifth employee to work at Tesla who only left the company as late as 2019, and now has his own company, Redwood Materials Inc.. It appears as […]
Much like with the truck sales numbers we have been seeing in the past few months, trailer sales are going through a renaissance at the moment, as supply chain issues that have been plaguing the trucking industry for numerous months are finally starting to clear up. ACT Research and FTR have the numbers!October 2022 NumbersACT […]
The month prior, September, was a record-breaking month for truck sales within the industry, so it was hardly feasible that October would be able to top it. While it predictably did not, it still outperformed the rest of the year by a wide margin. FTR has the numbers!October 2022 Sales NumbersFTR pins the preliminary net […]
What do you get when you ask truckers for help but also provide additional stipulations for them to do their jobs? You get a mess. This is what is happening in the state of New York, as the state government has declared both a State of Emergency and road closures for commercial vehicles. State of […]
We wrote earlier in the month how we were cautiously optimistic about the Tesla Semi becoming reality in the start of December, but now it looks like it has a 100% chance of becoming reality. Why? Because Tesla has announced a party to celebrate the end of the journey, and it would be embarrassing for […]
Chris Visser of J.D. Valuation Services calls the previous month of auctions for used Class 8 trucks to be a “market correction.” Based on the average prices that we had seen at the beginning of the year, we are inclined to agree with him.October 2022 NumbersModel year 2021: $151,905; $4,253 (2.9%) higher than September.2020: $122,088, […]
You may remember a month ago that we wrote about the case regarding RhodeWorks, a system of tolls that targeted truckers to raise revenue for infrastructure. One thing we mentioned that is worth repeating is that the $100 million that the RhodeWorks tolls accumulated over the duration of the litigation is theirs to keep. As […]
CALSTART is a non-profit nationwide organization hoping to help revolutionize the trucking industry through technological advancements in energy. To that end, they have created an online program called the Zero-Emission Technology Inventory (ZETI) Data Explorer. It is a cool tool that can help you, the truck driver/fleet owner, compare and contrast the specifications of current […]
What’s New? According to the CDC, 70 million Americans suffer from some sort of sleep-related disorder. Roughly 80 sleep disorders have been noted and the most common amongst truck drivers is obstructed sleep apnea. OSA is the most widespread sleep disorder in truck drivers according to Rodolfo Giacoman, fatigue management program specialist for Commercial Vehicle […]
The Commercial Vehicle Safety Alliance (CVSA) has a handful of events every year to make sure that the trucks on our roads and the drivers who operate them are fit to drive. In this case, they are announcing the 2023 events all at the same time, not counting the “surprise” events. Here is what they […]
While it is true that we are not going to run out of fuel any time soon, it is undeniable that people reliant on energy are feeling the strain of higher prices. In direct response to this, three states have enacted States of Emergencies to mitigate wallet damage.NebraskaGovernor Pete Ricketts of Nebraska has enacted a […]
What’s New? On Saturday, November 5, the International Association of Machinists and Aerospace Workers union members approved the terms of the deal presented by the railroad. If you’ll recall, on July 15, President Joe Biden blocked a freight railroad strike in Omaha, Nebraska. This strike would disrupt the already fragile supply chain by delaying the […]
We at TopMark Funding have been busy. So busy, that we skipped a month on posting about monthly jobs in the trucking industry according to the Bureau of Labor Statistics (BLS). This month, we are getting it out of the way immediately so as to not forget. October (and September) 2022 Numbers October 2022’s first […]
History repeats itself. In September, the month prior, the rates for all three forms of freight decreased. October also had decreases for the month, but the extent to which all three decreased was lower than it was before. With the holiday season quickly approaching, is this a sign of a turnaround? DAT Freight & Analytics […]
What’s New? US Route 212 was awarded $10 million on Sept. 15 from the Infrastructure for Rebuilding America federal funding account. Route 212 is a major corridor that connects Southwest Minnesota and Twin Cities. The corridor spans 161 miles in Minnesota and connects 22,000 square miles of Minnesota and South Dakota. The funds will be […]
California is known for having some of the strictest trucking regulations in the country. While usually the California Air Resources Board (CARB) is satisfied with banning older year models of commercial vehicles as time marches on, they are proposing perhaps the greatest shift they have ever done: all fleets headquartered in California must be fully […]
What’s New? On October 11, the Biden Administration announced that $60 billion (yes, billion with a “B”) of federal funding would be used to repair transportation corridors nationwide. “America’s roads and bridges are the vital arteries of our transportation system, connecting people and goods across the country,” Transportation Secretary Pete Buttigieg said. On Oct. 13 […]
Elon Musk has been in the news a lot lately, most notably for purchasing Twitter for $44 billion. While the media press is focusing on the sensationalism of his latest exploits, a far more important story is flying under the radar: the release of the Tesla Semi is currently set to be a month from […]
Interstate 40 may be one of the longest roads in the United States, but truckers traveling along it where Tennessee meets North Carolina will want to take a detour, state officials warn, as things are about to become a lot more slow-moving around the state border. Details Oftentimes a highway will have a bridge segmentally […]
J.D. Valuation Services reports that while some used truck models increased in value at auction and others decreased over the month of September, the decreases were larger than the increases and created a net drop in used auction rates for the month.September 2022 NumbersModel year 2021: $147,458 (No comparison to August)2020: $89,336, a decrease of […]
It is late October, which means the American Transportation Research Institute (ATRI) has posted its results from its annual survey of driver issues. The results may surprise you.MethodologyThe methodology is the same as it was when we covered the results in 2020. 4,200 people were given a list of 28 different points of contention, and […]
The Department of Transportation’s latest Significant Rulemaking Report shows various actions it wants to implement in governing safety on the road. Speed Limiters on the Table The Federal Motor Carrier Safety Administration (FMCSA) wants to continue considering applying speed limiters to trucks with electronic control units. FMCSA Administrator Robin Hutcheson knows how grossly unpopular the […]
Coming hot off the heels of the news of OPEC Plus slashing oil production by two million barrels of oil per day, Joseph Biden announced that he will once again be tapping into the Strategic Petroleum Reserve to help alleviate prices. Details The Strategic Petroleum Reserve is a well of crude oil near the Gulf […]
According to the National Highway Traffic Safety Administration (NHTSA), traffic fatalities in 2021 were estimated to be around 43,000, which is a 10.5% increase from an already high prior year. This news has led to the Secretary of the Department of Transportation to tweet about how safety standards on the road should be closer to […]
Thirty-one months to flatten the curve. In our last update regarding the coronavirus State of Emergency from the FMCSA, we talked about how the change in pace from the exemption being renewed every ninety days to every forty-five days could mean the Declaration may be on its last legs. It appears that that rings true, […]
