Driver pay increases likely to be carriers’ biggest ‘cost pressure’ in 2018

Speaking as part of the analysis firm’s “State of Freight” series of webinars, FTR Transportation Intelligence Vice President of Research Avery Vise outlined a series of marketplace conditions that point to market pressure to increase driver wages. The spot freight market began to turn toward the positive in terms of rate growth about a year ago, Vise noted, and contract rates paid by shippers to carriers “then began to creep higher as well.” As rates have heated further into the first week of this year with a variety of records broken in transaction data tracked by load boards, “overall trucking conditions are improving,” he says. Evidence of some ballooning sign-on bonuses have been seen, and rising driver wages Vise dubbed perhaps the most significant “cost pressure” for motor carriers, given continued expectation of growth in pay. With the potential of mandated ELDs to push longtime drivers from the business into other sectors and compound the situation as a backdrop, this is the “strongest labor market in two decades, at least in terms of unemployment,” Vise said. “Trades that..... Read more

FVLNA Conference: March 13th – 15th 2018- AHAA DISCOUNT!

Join us at the 2018 Finished Vehicle Logistics North America conference, taking place at the Pasea Hotel, Huntington Beach, California on March 13th -15th 2018. As a member of the AHAA you will receive 15% discount on the delegate fee – secure your place today, alternatively use the code AHAA on the registration page. Last year’s event attracted over 300 delegates including senior figures from vehicle makers, infrastructure operators and logistics service providers.   Don’t miss the opportunity to participate in what is set to be a great two days of networking, discussions, and sessions delivered by world renowned speakers. We look forward to meeting you in California. Read more

Indicators: Market conditions swing heavily toward carriers, shippers ‘clamoring for trucks’

Trucking Conditions Index reveals market tilted heavily in carriers’ favor:Economic conditions for trucking companies, as measured by FTR’s monthly Trucking Conditions Index, spiked in October, FTR reported this week. What’s more, the conditions driving the positive momentum for carriers should continue into 2018, says FTR Chief Operating Officer Jonathan Starks, who says carriers “should be prepared for big changes — and big opportunities.” Read more

Online registry of DOT-approved med examiners down due to technical issues

The online tool that truck drivers use to find a U.S. DOT-certified examiner to obtain their medical certification is indefinitely down, according to a memo posted to the Federal Motor Carrier Safety Administration’s website, most recently updated Wednesday. They agency says it does not have a timeline for when the National Registry of Certified Medical Examiners will be live again. FMCSA is “working as expeditiously as possible to correct a technical issue affecting” the site, says agency spokesperson Duane DeBruyne. The agency is directing drivers in need of medical certification Read more