Hurricanes surprise very few people. In most cases, landfall (timeframe and location) and severity are known hours – if not days – in advance, but they consistently create logistical logjams for inbound and outbound freight.
Many surprising things have happened in the last 19 months, but the number of people currently sitting on the labor pool sidelines is one I would have never seen coming.
According to the Bureau of Labor Statistics, the labor participation rate is sitting at near record levels – near record for how low it is.
It’s been said that I am a thought leader and someone who thinks outside the box. After you read this column you will probably accuse me of not even knowing there is a box.
As I read articles and think about artificial intelligence (AI) and machine learning (ML) it occurs to me many engineers are not thinking about this new technology landscape of AI for solving very old problems in the trucking industry.
Headlines and soundbites sometimes are all we seem to have time for as we drown in the daily flood of information.
In-depth analysis takes time to absorb. Details can get lost. The story behind the headline is usually more complex and nuanced and so we miss it.
North American Class 8 truck orders reached nearly 40,000 units in August, according to preliminary data released by FTR and ACT Research, and reached its highest mark in five months.
President Joe Biden today blamed a sharp slow down in hiring for August on COVID and unvaccinated Americans as trucking pulled away with positive job growth.
In addition to the emergency COVID relief hours of service waiver that was extended through November, the Federal Motor Carrier Safety Administration has also extended other COVID-related waivers dealing with licenses and medical certificates.
The national average price of on-highway diesel reached $3.34 last week, up a cent-and-a-half from the week before, but is likely to face additional pricing pressure this week as the remnants of Hurricane Ida cut a path across the Southeast. The storm has already left more than a million people in Louisiana and Mississippi without power and likely taken about 13% of U.S. refining capacity offline, according to AAA. There were nine oil refineries in Ida’s path; at least four were believed to have shut down operations ahead of the storm.
HOS suspended for Hurricane Ida emergency relief haulers
The Federal Motor Carrier Safety Administration's Southern and Western Service Centers issued a Regional Emergency Declaration, suspending certain requirements of Part 395 of the Federal Motor Carrier Safety Regulations for certain carriers in six states affected by Hurricane Ida, which made landfall around midday Sunday along the southeastern Louisiana coast as a Category 4 storm.
With some trade events cancelling during a COVID resurgence, experts caution that it’s too early to tell if the latest variant of the disease will have any serious economic impact.