Trucking companies are known for lagging behind the curve when it comes to adoption of technology. But they have begun increasing investments in tech, whether because of regulations requiring them to invest in electronic logging devices or today’s inflationary economy encouraging the use of fuel-saving telematics systems. While those technologies are helpful and necessary, industry […]
There are a lot of differences between a W-2 and 1099 truck driver that should be considered before deciding what’s right for you. The Cliffs Notes version is, W-2 drivers can get paid benefits and have less to worry about come tax season, whereas 1099 drivers can earn a little bit more money because of […]
Officially launched in late July 2022 as part of an effort to address the truck driver shortage, Safe Driver Apprenticeship Pilot Program (SDAP) would allow truck drivers under the age of 21 to drive and conduct interstate commerce; or Washington’s fancy way of saying they could cross state lines under certain conditions. Originally proposed in […]
If you read only the headlines, it would be difficult to comprehend the merger and acquisition trends in the transportation and logistics industry in 2022. Spencer Tenney, president and CEO of Nashville-based transportation and logistics-focused M&A advisory group The Tenney Group, compared it to whiplash during Truckload Carriers Association’s recent 2022 Mergers & Acquisitions Recap + 2023 […]
Inflationary challenges bundled with carriers running fewer miles due to reduced demand create conditions where drivers become fixated on pay and are more susceptible to be persuaded by the recruitment efforts of other carriers that promise better wages. Nearly a quarter of all respondents (23%) to CCJ‘s most recent What Drivers Want survey of company drivers […]
Data from the Bureau of Labor and Statistics shows that while employment is still relatively high, fewer jobs are coming open – and that’s a trend likely to continue well into this new year. Transportation has lost job numbers for the past four months (through November) but despite that, Rob Boersma, vice president of operations […]
Insurance providers charge premiums based on expected losses, and they expect commercial fleets to be at higher risk for loss. Tech company Idelic’s mission has always been to help commercial fleets produce better insurance outcomes by predicting and mitigating risk, reducing preventable crashes and lowering losses.
FTR’s Trucking Conditions Index improved in November to -7.94 despite a weakened freight rate environment. October’s -11.16 TCI reading had been the weakest since the April 2020 contraction. The only positive contribution to the November index was freight volume, FTR said, but all other index factors were less negative than in October aside from freight […]
Cargo theft recording firm CargoNet recorded 1,778 supply chain risk events across the United States and Canada in 2022, a 15% increase over 2021. The firm’s 2022 data indicated that events that involved theft of at least one heavy commercial vehicle such as a semi-truck or semi-trailer increased by 17% year-over-year, while events that involved […]
