In another reminder that the economy may be slowing, the U.S. Labor Department reported that truck driving jobs fell by 1,900 in March. This disappointing report indicated that the economy may not be growing with sufficient strength to ensure healthy job growth.
Labor also reported that the unemployment rate dropped a bit, but that was due to more Americans who stopped searching for work.
The Owner-Operator Independent Drivers Association failed in their bid to curtail the use of electronic onboard recorders. The Seventh Circuit US Court of Appeals summarily denied OOIDA's appeal to cease any encouragement of the recording devices use until such time as the presiding agency could review and reissue the rules governing the use of these devices. No reasons for the denial of the request were released.
The Transport Capital Partners recently conducted a new study surveying truck drivers in order to gain knowledge as to whether or not the capacity of trucks will increase. 25 percent of the truckload carriers are expecting the capacity of their load to increase by anywhere from six to ten percent over the next twelve months. This is compared to a 7 percent increase one year ago. However, according to the survey, 65 percent of trucking executives either do not plan to add capacity or plan on barely adding any capacity at all.
The Federal Motor Carrier Safety Administration unveiled the results of new research this week concerning the proposal of limiting the top speed of commercial trucks. According to the results of the research, the use of technology to electronically watch over and limit the speed of commercial trucks has a clear safety benefit for not only the truck drivers, but everyone else on the road as well.
The latest release of truck tonnage numbers shows that truck freight volumes continue to rise in 2012, despite a post-holiday decrease in January.
The seasonally adjusted For-Hire Truck Tonnage index, a crucial sign of trucking activity, increased by 0.5 percent in February, the American Trucking Associations announced Tuesday, March 27. The adjusted index rose from 118.7 in January to 119.3 in February.
The ATA's chief economist, Bob Costello, said those results mirror what he has been hearing from truckers on the road.
One of the primary transmissions suppliers for commercial trucks is Eaton. The Class 8 sector is completely dominated by Eaton transmissions, which also maintain a powerful presence in Classes 6 and 7. Still, as the transmissions market continues to slowly shift, other names have been slowly gaining ground. Mack, for instance, has a line of manual gearboxes, although it also markets Eaton transmissions with a few of its models.
Though diesel prices have historically been lower than gasoline prices, prices are now soaring. With diesel prices rising high above gasoline prices, many small trucking companies are being suffocated and forced to close their doors.
The majority of American trucking companies operate less than 20 trucks, operating as small, locally owned businesses. These small companies are faced with fierce competition from the few big name trucking companies.
Celedon Trucking Services wins Alcoa’s Van Carrier of the Year award.
The award is given in recognition for top performance by trucking companies. To win the award, trucking companies must excel in a variety of different measurement categories. Each category is designed to highlight a critical aspect of the trucking business.