There are over 12,000 freight brokers in the U.S. For more than 50 years, oversize/overweight loads have been primarily booked through these brokers via phone, fax and email. To illustrate, 42 percent of truckers surveyed have used traditional brokers. Of those, three in four classified their experience as positive, but…
It’s a big turnaround from recent years when there wasn’t enough freight demand to fill up all the nation’s trucks and drivers struggled to get attractive rates. This year will be the best for the trucking industry since 2005, said David Ross, an analyst at Stifel Financial Corp. “There are…
He was cautious a year ago about investment, exports and government three of the five elements that make up TEA, the other two being consumption and imports but by the end of the year, government spending was the only area of caution. Dieli uses a tool called the Enhanced Aggregate…
Part of the recent gains can certainly be attributed to the recent tax bill that has sent corporate tax rates to 21% from the previous rate of 35%. If stocks go up in anticipation of tax reform, investors are implicitly expecting that cuts will flow through into businesses’ income. It…
The same might soon happen for the trucking space, thanks to the electronic logging device mandate. And a lot of backlash, including an opposition rally held by truckers earlier this month, the mandate finally went into effect this week, allowing compliance deadline, inspectors and roadside enforcement personnel to start documenting…
The Tesla Semi offers something to the trucking industry that could drastically alter the entire freight moving sector. The trucking industry has seen major changes since it began roughly a century ago and has, despite the assumptions of many outsiders looking in, been one of the more technologically-advanced industries in…
The pace of driver turnover at big motor carriers rose to 95 percent in the third quarter of 2017, up 14 percentage points from the same period a year earlier. The third quarter turnover rate is up five percentage points from 90 percent in the second quarter of this year,…
Global energy major Shell is investigating claims of unethical dealings including charges of corruption in its tanker chartering team in Singapore and at least one employee has been asked to take leave pending further investigation, sources familiar with the developments have told S&P Global Platts. “It would not be appropriate…
Some were skeptical of Tesla’s ability to break into the trucking industry. Sysco hopes the trucks will help the company save on fuel and maintenance costs and reduce its environmental footprint. While some had doubts about Tesla’s ability to break into the trucking industry before it introduced the Semi, early…
The third quarter saw a rise in freight shipments and revenues for logistics brokers compared with the same period a year ago, but profit margins fell 40 basis points due to cost increases in the spot market for trucks, according to the Transportation Intermediaries Association’s quarterly 3PL Market Report. Total…
GERING -Local trucking firm sells one division, Nebraska Transport Company, founded in Gering in 1973, recently underwent a major change, but most people will see no differences. NTC owner Brent Holliday, the second generation of the family to operate the business, has sold the LTL small package delivery division to Cross…
Is planning a series of protests at over 40 locations across the country on Monday Dec. 4. The 19,000-member group ELD or I originally aimed to hold protests in every state and Charlie Claburn, one of the organizers for the group’s national effort, noted that larger states will have multiple…
HARRISONBURG, VIRGINIA – A Mount Crawford based trucking company that formerly hauled United States mail and it holding company, as well as four of its most senior officers, the President, Vice-President, Chief Financial Officer and Chief Operating Officer, were all sentenced this week in the United States District Court for…
Clearing agents and freight forwarders have accused the foreign shipping companies of exploiting and extorting Nigerian importers through the introduction of arbitrary charges on a yearly basis. This is even as the agents expressed fear of a new shipping levy come 2018. Speaking with the Nigerian Tribune exclusively, a customs…
In accordance with the BLS, freight brokers prefer to employ Agents who hold a high school diploma or a GED, otherwise, there are no formal educational requirements for your job. At first, they perform fundamental tasks like weighing freight and making certain that parcels are shipping to the correct address,…
The study that the FMCSA was supposed to complete before enacting its HOS changes has finally been published. Despite being months late – so late in fact that FMCSA administrator Anne Ferro has been chastised by members of congress multiple times for its tardiness – the study reveals nothing much…
Year-over-year, van rates were up 2.7 percent while spot rates have dropped for both flatbed (down 5.5 percent) and reefer (down 0.5 percent). Intermodal traffic in November totaled 1,007,549 containers and trailers, up 7.8 percent (73,004 units) compared with November 2012, the Association of American Railroads reports. The weekly average…
The suspension Systems important parts of a car. All cars have some sort of suspension system, even golf carts. A suspension has three major jobs: to keep the car’s frame from dragging on the ground, to control body movement during cornering and to control wheel movement over imperfections in the…
The hydraulic valve is like a traffic control signal at a four-way intersection. It might allow east and westbound traffic lanes to continuously flow until the light changes, which would permit the north or southbound lanes to flow. The east and westbound traffic flow represents circulating hydraulic fluid. The hydraulic…
A gear pump is a rotary pump consisting of two meshing gear wheels in a suitable casing whose contra-rotation entrains the fluid on one side and discharges it on the other. It is a positive displacement pump that uses two meshing gears to pump both low and high viscosity liquids….
Gear pumps are used to pump oil, or other thick liquids. The separating gears on the input side of the pump creates a vacuum which pulls in the liquid, which is then carried by the gears to the output side of the pump, where the meshing of the gears pushes…
Mud guards, mud flaps or splash guards are small plastic or rubber flaps designed to fit in the wheel well of a vehicle and prevent dirt and debris from getting on the side of the vehicle and damaging the paint. Mud flaps can be particularly useful in wet and muddy…
Air brake chambers are the primary part of the air brake system in highway and long-haul 18-wheelers. While the front and rear brake chambers of a vehicle are slightly different, they function in conjunction with a set of oversize drum-brakes, taking the place of a normal breaking system’s hydraulic assist…
A tow hitch gives you the capability to hook up quickly to a trailer or other piece of equipment designed for you to pull behind your vehicle and get on the road. You can build your own tow hitch with a few simple materials and brackets that can be found…
The towing industry specifies different classifications of trailer hitches: Class I, Class II, Class III, Class IV, Class V, fifth wheel and gooseneck. These hitches correspond to vehicle types. All five are classified as weight-carrying, but Classes 3, 4 and 5 can be fitted with weight-distributing attachments that allow them…
