Larger fleets sometimes control their insurance costs by self-insuring. Smaller fleets, though, often don’t have the financial resources to self-insure, so more of them are turning to “captive” insurance programs.
Innovation is sweeping across the trucking industry; technologies such as autonomy, blockchain, and electrification are beginning to demonstrate real value potential. However, the question is, where innovation has been stagnant in the past, is the industry ready for change?
As the Chinese economy rises and more people in the world’s largest nation move into the middle class, the demand for foreign goods escalates. In response to domestic demand and pressure from the U.S. to lower the trade deficit, China is opening its doors to American beef.
The push for autonomous vehicles is gaining more traction as it is provides an easy solution to the worsening driver shortage. Greg Nichols, writing for ZDNet, says the obvious reason is that “millennials don’t want to drive trucks.”
With less than two months left before the ELD mandate goes into effect, statistics coming from ground zero on the compliance of carriers to the proposed rule are far from satisfactory.
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.
eCapital, a leading supply chain financial services provider, announced today that it has been selected as the newest member of the Blockchain in Trucking Alliance (BiTA). BiTA was formed by experienced tech and transportation executives to create a forum for the development of blockchain standards and education for the freight industry. View member companies here.
For the past 15 years, if a carrier needed some assistance getting over a rough time financially, there has been help available from lenders who specialize in transportation finance. One of those companies is Marquette Transportation Finance, which just surpassed a milestone of sorts: It’s lent more than $15 billion to companies large and small.
The process of matching freight is complicated – with many parameters involved in exploring thousands of different possible combinations in real time and in identifying the best possible match to the parties involved. TGMatrix, a startup based out of Oxford in the United Kingdom, is working on creating an intermodal freight matching engine.
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.
We need NAFTA. That was the general consensus from Bob Costello and Derek Leathers on Sunday during a general industry update session at the American Trucking Associations’ MCE 2017 conference in Orlando.
Some of the most prominent stakeholders in Canada voiced their concerns over NAFTA at an event organized by the Truckload Carriers’ Association (TCA) entitled “Bridging Border Barriers.”
The concept of driverless trucks has recently jostled the transportation industry. However, truck drivers everywhere may be relieved to discover that world-renowned business tycoon, Warren Buffett, is betting a fortune on their livelihoods, and sees no need to worry about an impending AI driver revolution.
Celadon Group has announced the appointment of Thom Albrecht as executive vice president – chief financial and strategy officer. Albrecht is president of consulting firm Sword & Sea Transport and a member of the TransRisk Board of Advisors.
Bitcoin is super-hot and has fended off any real threat to its meteoric rise. We examine what has fueled this factor and how it impacts the viability of blockchain in the logistics sector.
On Wednesday night, President Donald Trump talked about his administration’s tax plan at an event at an airport hanger on the Pennsylvania Air National Guard base in Harrisburg, PA. Here is the official, unedited transcript of the speech provided by the White House:
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.
Until Hurricane Maria slammed into Puerto Rico, few people had ever heard of the Jones Act. Now, armed with a basic knowledge, many are wondering if the Jones Act is actually harming the U.S. and whether lifting it might benefit shipping and logistics in this country.
Elon Musk has delayed the public unveiling of the Tesla semi, citing issues with the Model 3 production rollout and a focus increasing battery production to help Puerto Rico, Musk tweeted late on Friday.
Chris Burruss, formerly with the Truckload Carriers Association (TCA), is the Blockchain in Trucking Alliance (BiTA)’s first President. The Alliance was launched in September 2017 to develop blockchain standard and certifications for the freight industry, has 160+ applicants, and 85% of the truckload transactions can be represented in the space.
