Tips for Starting your Brokerage Company the Right way. Starting a brokerage company can be a difficult and daunting task. There are a number of things that you have to consider as you decide what is the best way to start your new business. I am not writing this as a “how to” step by […]
FMCSA Postpones Drug & Alcohol Clearing house requirement Beginning in January, all employers trying to hire new truck drivers were to be required to do background checks in the Drug & Alcohol Clearinghouse; the problem is in typical government fashion the website doesn’t work! Now, after a week of frustration and delays in being able […]
Fleetwood Transportation Closed the Doors Yet another trucking company has closed their doors. Fleetwood Transportation out of Diboll, Texas closed their doors on December 31st. Fleetwood ran just over 250 trucks and hauled wood, building materials and oil field equipment. According to their chairman of the board the primary reason Fleetwood closed their doors was […]
FMCSA has decided to raise the Random Drug Testing rate to 50% The previous required testing rate was 25%, now the industry must comply with the new 50% testing rate rule. Yes, this will effectively double the required testing rate and will cost the trucking industry over $50 million a year, even as 2019 saw […]
Small Brokerage Companies are Failing at a Record Rate. This might seem strange to you, that brokerage companies are feeling the pressure from a slow down in the overall transportation sector, but as freight slows, many customers demand reduced rates because of the increase in trucking capacity. Smaller brokers cannot easily absorb the reduction in […]
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 […]
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