Michael Kornhauser, sector vice president of transportation at Trimble, advocates for commercial navigation as an essential tool to keep drivers safe, legal and efficient on the job.
The freight recession’s impact on small fleets and owner-operators gained mainstream media attention on Monday with an article by Shannon Pettypiece, a senior policy reporter for NBC News. The article related the story of Arnesha Barron, a 39-year-old driver who in 2021 became an owner-operator after working at a trucking company for six years.
At the recent UBS Global Industrial and Transportation Conference, Heartland CEO Mike Gerdin and Vice President of Finance Josh Helmich highlighted freight market weakness and outlined the retention impact of their driver minimum pay program.
Skimpy orders of Class 8 trucks in April mean little because OEMs have lots of backlogged orders to build and bill.
Current market conditions – combined with the climbing expenses of operating and maintaining a truck – have created a difficult situation for the small companies that keep America moving.
On Tuesday, FreightWaves Research released survey data suggesting declining freight conditions are impacting owner-operators especially hard. An important takeaway is the potential for many more owner-operators to leave the industry if conditions do not improve.
Echo Global Logistics’ contractual sourcing and continuous movement programs are helping owner-operators stay the course amid market volatility.
Aligning with a carrier’s independent contractor fleet provides added resources that assist with the stability of their long-term success — in both good and bad market conditions.
FreightWaves recently conducted a survey of owner-operators outlining business issues and outlooks on profitability in 2022 compared to the previous year.
A common theme during the downward swing in the cyclical freight market cycle is the movement of owner-operators in and out of large fleets.
While times of uncertainty like these can be troubling, what goes up must come down – or at least level off. The price of diesel fuel is projected to lower to a national average of $3.09 in middle and latter parts of the coming year, offering a sigh of relief for trucking.
TCA firmly believes the trend of California-specific legislation becoming the national standard must end.
Trucking’s ever-changing demographics make the thoughts and opinions of minority drivers increasingly an invaluable asset.
In today’s edition of The Daily Dash, it’s been one year since the collapse of Celadon, and FreightWaves talks to some former drivers. Plus, Estes has been hit with a COVID-related lawsuit and Covenant is bumping up driver pay.
