Trucking Companies Failing at a Record Rate More trouble on the horizon for the trucking industry and perhaps the economy itself? A recent article stated that trucking companies were failing at twice the rate they were in 2018. Twice as many trucking companies have closed their doors in 2019 and this trend is likely to […]
Celadon – One of the Largest Trucking Bankruptcies in History After a series off issues came to light concerning previous financials and mis-management came to light, which included the arrest of two of Celadon’s previous executives, Celadon filed for bankruptcy this week. Once again drivers were left stranded without the ability to purchase fuel or […]
Insurance rates could go up over 20% next year. This is bad news for the transportation industry but especially bad news for smaller carriers. A 20% jump in insurance rates would be one of if not the largest single year jump in insurance rates ever. It is unlikely that small carriers already struggling in an […]
Key Indicators for April 2019. I was reading through the KBCM Fowler Key Freight Indicators for April 2019 and came across some interesting facts about the current transportation economy. Overall according to KBCM they felt the indicators pointed toward a continued moderate trend into April. They give a number of indicators in their report, but […]
Driver Retention Tips Good truck drivers are hard to find. Between MVR and PSP scores finding a good driver that will stay with you for the long term is very difficult. Now, when we say long term we mean a year or more. Statistics say that if you can keep them at least a year […]
There are a lot of good things about the transportation industry that the general public tends to ignore. This is largely due to lawyers continually demonizing the industry and the frustration we all feel when we get behind a slow semi trying to make it up an incline. Yes, even though we are in the […]
Are Higher Insurance Rates Coming That is probably a ridiculous question considering higher insurance rates have been the norm in the trucking industry for years. But, are they going to continue to go up at an exponential rate? Recently many of the top commercial auto liability insurance companies had a conference where they discussed the […]
Knight and Swift Reach Settlement After more than a decade of a class action lawsuit, Knight and Swift have agreed to settle a lawsuit involving more than 20,000 drivers. According to transportationattorneys.net the $100 million dollar settlement had already been fully reserved and is not expected to impact future financial results. The lawsuit started in […]
Will there be a change to the Hours of Service Rules? Ray Martinez, Federal Motor Carrier Safety Administration Head (FMCSA), confirmed that the FMCSA is planning on proposing a change to the current Hours of Service (HOS) rules. Unfortunately, he did not elaborate on what the changes would be to the HOS rules. So there […]
Trucking Shutdown in 2019? There was an article that came out on www.cdllife.com back in December talking about a potential shut down by truck drivers in 2019. The primary reason noted for the shutdown was ELD’s, hours of service (HOS) reforms and other trucking related regulations being considered by the Federal Motor Carrier Associate (FMCSA). […]
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