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.
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.
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.
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-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.
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.
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.
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.