Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter. However, headwinds surrounding driver recruitment and retention present a hurdle to the rally.
The expectation for truckload (TL) contractual rates to increase by double digits in 2021 is growing. In a Wednesday note to clients, UBS transportation equities analyst Tom Wadewitz outlined the fundamentals supporting this projection.
While federal or state law may allow an employer to mandate specific medial procedures or drugs, the employer should still conduct a thorough analysis of the specific facts presented and the applicable controlling federal and/or state law in the jurisdiction before proceeding.
Company redrawing the peak landscape, and is expected to dominate it, Convey says.
With the first presidential debate of 2020 in the books, I am reminded of our most basic right that we enjoy as free citizens of this country.: The right to vote.
The Department of Labor’s attempt to clarify and save the independent contractor model should be applauded.
Latest NHTSA data show truck occupant fatalities increased 0.2% in 2019.
TruckPark, whose mobile app allows truck drivers to reserve truck parking, has now introduced a fleet version for dispatchers to manage reservations.
Truckload giant appears to be out ahead of others as driver market tightens
California Gov. Gavin Newsom signed an executive order Wednesday that aims to end the sale of new gasoline- and diesel-powered passenger cars in the state by 2035, but while it also addresses trucks, it is unclear whether it also bans truck sales.
It is not an unusual event for an employee to leave their employment to pursue new opportunities. Unfortunately, sometimes these departing employees choose to use their experience against their former employer by working for that employer’s competitor.
The peak will be “bigger, faster, will come quicker and stay longer,” said Greg Ritter, chief customer officer of transport and logistics giant XPO Logistics Inc.
Every driver that stays with their current carrier is one less that has to go home and tell their families that they don’t have a job. Driver turnover is fixable, if we all start to take it more personally.
The country is slowly emerging from its summer vacation, and this is particularly true for lawmakers and policymakers in Washington, DC. While COVID-19 remains front and center, there is still much work to be done before the November elections.
Current legislation to expand truck parking slated to expire.
Back to school meant potential conflicts for parents. As school districts deploy a combination of in-person, hybrid, and remote learning models, businesses need to be aware of what their legal requirements are under FMLA.
USPack building last-mile scale through acquisitions.
A couple of Uber Freight alumni have launched an on-demand employment platform that aims to boost opportunities for truckless CDL drivers, as labor market changes fuel interest in driver-only business models.
The Ninth Circuit Court of Appeals panel appeared split on whether a temporary injunction barring California’s AB5 employee classification law from being enforced within the trucking industry should be allowed to stand.
Looking forward, I believe the future is very bright for trucking while all the fundamentals are still in place for a tight capacity crunch. So, what are you doing to prepare yourselves for that?
