Fuel surcharges have a long history in the transportation industry, dating back to the Arab oil embargo in 1973 by most accounts. While the early days of surcharges were straightforward to calculate, that is no longer true, and they may not even be the best way to manage costs anymore.
Fleets do not have to be stuck paying high insurance premiums as there are a number of choices they can make to lower their risk profile and cost. Here are 10 ways to help do that.
Last week, FreightWaves published a commentary suggesting that solving the driver shortage may be as easy as raising pay – a supply and demand issue. We got many comments on that, including from Stifel Equity Research’s John Larkin, who said economics is not the only issue at play.
The industry loves to throw around the term “driver shortage.” But what we really face is an economic opportunity shortage. Fix this and you will fix the driver shortage problem.
For years we’ve heard arguments about how better supply chain visibility will lead to a logistics environment that is easier to predict, plan, and manage. But sudden changes can quickly derail those plans.
The more individuals participating in a marketplace, and the more money that is being transacted in that marketplace, the more predictive that marketplace becomes. That’s why trucking remains one of the best indicators of economic activity. Here is what the weekly DAT Barometers for dry van, reefer, and flatbed are saying.
The Alliance for Driver Safety & Security, aka the Trucking Alliance, has adopted four technologies that the AAA Foundation for Traffic Safety says is critical to reducing large truck crashes.
Even with rates rising – both contract and spot – and capacity tightening, attracting drivers still remain a primary concern for fleets. Driver pay is increasing, but outside influences are still hurting the recruitment efforts.
There were a number of companies that presented new and updated products this past week at the American Trucking Associations’ MCE 2017 conference in Orlando, FL. Here is a rundown of some of those products.
Blockchain offers a number of opportunities within freight management to improve cash flow. Pay per mile insurance coverage is one new concept, but that same philosophy can be applied to vehicle leases, perhaps changing the way fleets pay for their vehicles.
Managing any small business can be stressful. The fact is many small businesses fail. The number one reason for small business failure is the lack of proper cash flow management, according to U.S. Bank. That’s why it’s so important to learn how to manage your cash when times are good.
President Donald Trump took his case for tax reform to the American people on Wednesday night – specifically the trucking community – at an event in Harrisburg, PA.
Rates are going up, but how can your carrier grab the largest increase possible? There are many things to consider when it comes to rates, but it all starts with knowing your own costs.
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-02, Leases (Topic 842) (the Update). The Update represents the first comprehensive overhaul in lease accounting in approximately 40 years.
Spot rates continue to climb and capacity continues to shrink, and now experts are predicting a strong holiday retail season. Could the good news for carriers get any better?
Some large carriers can easily accumulate over $1 million a month in toll payments, said Drew Anderson, director of carrier relations for HELP, Inc. Because of that, there is a need to help them – and any other fleet large or small that deals with tolls – better manage their tolling data and payments.
The momentum in both contract and spot rate increases should feel like a rocket ship. For the first time in years, fleets will enjoy pricing power
The first two weeks in after a bankruptcy filing of a customer are critical to ensuring you get paid. Trucking companies, especially smaller carriers and owner-operators, are often at the end of that line – the so-called unsecured creditors. But it doesn’t have to be that way.
When a major retailer such as Toys “R” Us files for bankruptcy, a long line of creditors comes knocking. Trucking companies, especially smaller carriers and owner-operators, are often at the end of that line – the so-called unsecured creditors. But it doesn’t have to be that way.
Urbanization has been a constant since industrialization, but with the technology innovations of the past thirty years- that is changing.
