Landstar Earnings Down Landstar reported earnings this week and to no surprise their earnings were down just as JB Hunt and other transportation companies are reporting reduced earnings amid a difficult transportation market place. Landstar President and Chief Executive Officer, Jim B. Gattoni, stated that both truckload volume and revenue per load were affected by […]
Heartland Express Earnings Miss A few days ago, JB Hunt missed their earnings estimates and now so has Heartland Express. Is this just a bump in the road or a sign of things to come? Heartland blames part of their earnings miss on a recent acquisition, but when you look at the numbers you can […]
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 […]
Don’t fight alone. Insurance Costs are expected to go up over 20% next year! Insurance Cost, ELD’s, Weekly Cash Flow, Safety, Government Regulations, Lawsuits – Do you worry about these every day? WE CAN HELP …and reduce your stress at the same time! Do you currently have brokerage authority? You would under us, how much […]
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 […]
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