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.
No need for those extra extension cords just yet; electric vehicles are not about to take over the world. That is one of the points that Lars Stengvist, CTO of the Volvo Group and EVP of Volvo Group Truck Technology, made to a select group of reporters during a roundtable discussion on truck technologies
The ongoing and future transformation in the industry will not only benefit the carriers, truckers and shippers, but also the controlling authorities as well as positively impact other industries in the market and the economy at large. Here are a few of the technologies already impacting the industry.
Delphi CTO says that autonomous vehicles will come to cities and ports long before they will ever go into the highway or over-the-road trucking markets
In the past two decades, more than 90% of the nation’s pollinators – from bees to butterflies – have disappeared. That’s why companies like Bee Downtown are working so hard to save the honeybee, and trucking is playing a critical role in its survival.
FreightWaves adds a startup directory to the site to help startups identify partners, investors, and talent in the emerging FreightTech space.
A major pipeline supplying diesel fuel from Texas to the East Coast has had to be shut down with no indication of when it will be turned back on.
Once revered as one of the top trucking companies in the nation, Celadon Group has hit a rough patch in 2017. But there is a new leader with a new vision, and that’s to make Celadon a top carrier once again.
Even as the industry steps up to help, dedicating thousands of trucks and millions of cubic feet of capacity to relief efforts, an analysis from FTR says that approximately 7% of the industry has been affected already and some of that will be affected for weeks.
While the third quarter may be a slow time for contract renewals between carriers and shippers, a few deals have been done so far and the early indications are contract rates are heading up.
After Hurricane Harvey departs Texas, the area will likely be in need of relief supplies. Trucks will haul those supplies. but how are the logistics of moving relief supplies handled? Someone who was involved in that process explains.
Solar power is most known as a source of electricity, but it is now proving that it belongs in other applications. Within the trucking industry, the use of solar is growing and it’s showing itself quite capable of the demands.
McLeod Software has joined the Blockchain in Trucking Alliance (BiTA), a new organization focused on the promotion and educational efforts to utilizing blockchain technology in the transportation ecosystem.
An industry that has a reputation of being behind the curve on technology may be at the forefront of one of the most important technological developments in decades. Yes, the trucking industry is poised to lead the blockchain way, and BiTA plans to help it get there.
Two separate deals kicked off this week’s big transportation news as Greenbriar Equity Group has acquired Transplace and Descartes said it was acquiring MacroPoint.
The Great American Eclipse has dawned upon the trucking industry. Thanks to the upcoming solar eclipse, states have started asking businesses that use the roadways, such as trucking companies, to consider adjusting their delivery schedules.
In recent years, disruption to routes along the Gulf Coast and East Coast because of hurricanes – which can spread hundreds of miles wide and leave widespread flooding and infrastructure damage in their wake – has been minimal. That could change this hurricane season.
A new month, but the same old story. Spot rates rose again according to data from DAT, with the national van and flatbed rates each climbing 3 cents per mile and refrigerated rates rising 4 cents for the week of July 30 to Aug. 5.
The boost in one sector of the economy ultimately leads to boosts in other sectors, either directly or indirectly. This is the case with oil extraction in North Dakota and it has helped drive the growth of trucking services in that region and nearby Canada.
