Trucking News

Shipping Rates Expected to Rise

Shipping rates for trucking companies are expected to jump by 5% during 2011.

The three main causes of this projected increase are: the continued recovery of the US economy, changes in trucking related rules, and extreme jump in gas prices. 

The recovery of the US economy means more goods are being shipped, resulting in increased demand for trucking services. This increased demand will place upward pressure on shipping prices for goods throughout the country.

Gas Prices Hit Highest Level Since 2008

Crude oil prices hit $100 per gallon Wednesday, pushing diesel fuel prices to their highest level since 2008.  This will impact trucking companies nationwide. 

Many independent owner operators and small trucking companies are getting paid more to move freight, but are bringing home less after fuel.  Many drivers pay up to 65% of net revenues towards fuel.

Heavier Trucks May Be Allowed

The Safe and Efficient Transportation Act (SETA) has been reintroduced in the House of Representatives by Reps. Mike Michaud (D-Maine) and Jean Schmidt (R-Ohio) as H.R. 763. This bill would change the weight limits allowed on US highways.  The move could significantly impact the trucking industry and trucking companies in general.

Trucking Technical Achievement Award Finalists

The Truck Writers of North America recently released their list of top finalists for their annual Technical Achievement award.  This award is given to the product that exhibits the most technical innovation and has a significant positive impact on the trucking industry for both drivers and trucking companies.

The list of this year’s finalists includes:    

New Transportation Budget Proposed

The new budget recently proposed by President Obama contains changes to funding that will undoubtedly impact trucking companies and the transportation industry in general.

Highlights of the proposed budget include:

Early Data on CSA 2010

TransCore recently conducted an analysis of early data from the CSA 2010 program to determine early impact on trucking companies, owner operators, and company drivers.

The report noted significant differences between the ratings carriers received under CSA 2010 versus the previous SafeStat system.  Included in these differences was an increase in alerts under the new program as well as marked differences in scoring from state to state.

US-Canada Border Policy

US-Canadian border policy is currently being addressed by President Obama and Canadian Prime Minister Stephen Harper.  The goal of the potential policy changes is to improve and promote cross border trade.  The flow of trade across the border was hampered by increases in security measures after the 9/11 attacks.

Factory Orders Increase

Many factors in the trucking industry have indicated an improvement in overall economic conditions.  As a further indicator of improvement in the trucking industry outlook is the increase in factory activity.   Factory activity increased in January at the fastest pace since 2005 levels according to The Institute for Supply Management.  Factory activity has expanded for the past 18 months in a row.

Mandated EOBR's Proposed by FMCSA

The U.S. Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) today issued a regulatory proposal that would require interstate commercial trucking companies to install electronic on-board recorders (EOBRs) to monitor their drivers’ hours-of-service (HOS) compliance.

ATA Challenges HOS Proposal

The ATA (American Trucking Associations) is working to stop proposed changes to HOS (Hours of Service) rules that are currently proposed on the federal level.

There are multiple items the ATA is seeking in order to stop the further progression of changes to the current HOS rules.  These items include:  a request for a hearing on the proposal, and a request for information to back up the proposed rule changes.

Request for Hearing

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