Two COVID-19 vaccines are expected to receive federal approval in the U.S. within a matter of weeks. With 60% of Americans claiming they will get the immunization, according to Pew Research, demand will be high for the 70 million doses expected to be available by year’s end. Transport of the vaccine comes at a less than ideal […]
The American Trucking Associations called on elected and healthcare officials to give truck drivers and others in the supply chain priority once a COVID-19 vaccine is approved and ready for distribution. The group sent letters to the White House, the CDC Advisory Committee on Immunization Practices, President-elect Biden and the National Governors Association asking that the trucking industry’s workforce […]
The freight demand and rates dynamics that have been at work since the economic recovery began in June have held through the usual holiday freight season of September, October and November. Additionally, with shippers already prepping for the spring freight season, a seasonal January and February freight lull might be more muted in 2021 as the fall […]
The federal hours of service waiver available to carriers and truck drivers providing direct emergency assistance for the COVID-19 pandemic has been extended through the end of February 2021 and expanded to also include the transportation of vaccines and medical supplies and equipment related to the prevention of COVID-19, as the Federal Motor Carrier Safety […]
The U.S. Department of Transportation today announced that all of its necessary regulatory measures have been taken for the safe, rapid transportation of the COVID-19 vaccine, including HOS waivers for those hauling vaccines. An hours of service waiver for drivers providing direct emergency assistance during the pandemic has been in effect since March, and FMCSA clarified […]
Volatility in the freight market and tight capacity following a V-shaped recovery in the third quarter have made driver and asset utilization a top-of-mind concern for carriers. The recovery has created pressure on shippers and 3PLs to reduce detention times at facilities and offer more predictable freight schedules and appointment flexibility.
Pricing power in the freight market moves like a pendulum, and in 2020 the buyers (shippers and 3PLs) and sellers (carriers) of transportation capacity have seen the direction change multiple times. Buyers gained an unexpected pricing advantage in the first and second quarters when capacity flooded the market from hard-hit sectors like automotive, manufacturing and foodservice […]
Following a record year in 2018 for freight demand and the highest tonnage in 20 years, trucking in 2019 saw a contraction that resulted in a dramatic per-mile cost decrease for fleets across the country, according to the latest Operational Costs report from the American Transportation Research Institute. Carriers responding to ATRI’s report saw in […]
According to the 2020 third-quarter cargo theft trend data released by cargo theft recording firm SensiGuard, cargo theft volumes increased by 7% when compared to the third quarter in 2019. The firm’s data is based on reports from law enforcement, insurance companies and more, and does not represent 100% of all theft activity. During the […]
