The third-quarter uptick in GDP and stable fuel prices are “good news†stories for trucking, an industry economist says – but an aggressive regulatory agenda will continue to impact profitability more than modest economic gains.
The third-quarter uptick in GDP and stable fuel prices are “good news†stories for trucking, an industry economist says – but an aggressive regulatory agenda will continue to impact profitability more than modest economic gains.
A full 80 percent of carrier respondents to a recent study done on the impact of the July 1 hours-of-service rules say they have seen their productivity decrease since the new rule went into effect.
The U.S. House of Representatives contracting and workforce subcommittee to the Small Business Committee will hear testimony Nov. 21 on the economic and operational impact of the new hours-of-service regulations to small businesses.
Her post is about the difficulties small businesses, including owner-operators, have in trying to compete with large corporations. She lists four “profit-killers†that owner-operators need to be alert to so they can avoid being underpaid or incurring unnecessary costs.
Watching the nation’s roadways these days, it’s obvious that a growing number of tractor-trailers now have aerodynamic devices to help control fuel costs. The science of aerodynamics isn’t new, but given the boost in commercial vehicle efficiency it delivers
A tractor-trailer combo or driver able to improve fuel economy by a mile per gallon gained is huge in savings terms. The difference between 6 and 7 mpg on a power unit operating 120,000 miles annually is nearly $12,000. Multiply that for a fleet with 100 trucks, and the savings come to $1.2 million per […]
Driver shortage remains key concern:Â Fleet executives are optimistic about the next six months, with more than 50 percent of respondents in the September 2013 Randall-Reilly MarketPulse Report saying they anticipate business will be better or much better:
Following a successful bid for the acquisition of Allied System Holdings reported last month, North American vehicle haulier Jack Cooper Transport has received government approval to proceed with its takeover of the bankrupt rival carrier. The company expects to integrate the assets of Allied in December, following the customary business integration processes and legal checks.
For 2,200 drivers at Covenant Transport, every day is another chance to reach the summit of fuel efficiency. Some will be towing 80,000 pounds up the Rockies. Others will be rolling through Texas with 36,000 pounds and a strong tailwind.