October 30, 2023
Whether you have a small fleet in the early stages of fleet expansion or an established carrier with thousands of trucks on the road, there are several factors to consider regarding vehicle acquisition. For some, owning equipment outright makes the most sense. For others, leasing or a combination of owning and leasing is the best option. When deciding how to grow your fleet, it is important to consider certain things.
Navigating current market conditions
October 25, 2023
The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.1% in September after rising 0.2% in August. In September, the index equaled 113.9 (2015=100) compared with 115.2 in August.
October 25, 2023
Everyone is familiar with the Chinese proverb “a journey of a thousand miles begins with a single step.” The rest of the story, according to a Google search, is that it takes over 2 million steps to complete that thousand-mile journey. There is no avoiding the rest of the steps, although that is exactly what environmental regulators are trying to do right now. Current regulatory proposals and discussions are attempting to ignore time-proven, necessary developmental paths, and jump straight to the final destination: zero emissions vehicles.
October 19, 2023
If you’re in trucking, you know there is an entrenched shortage of qualified diesel mechanics and other medium/heavy-truck technicians. Study after study keeps confirming this dismal trend.
October 17, 2023
In the hustle and bustle of today’s fast-paced industrial world, keeping downtime at bay becomes crucial for businesses. Whether it’s equipment breakdowns, maintenance delays, or clunky processes, downtime can spell trouble for businesses – think lost profits and ballooning costs. But fear not, because there are tools and tactics that can help wrangle downtime and give a boost to productivity.
October 16, 2023
Concern over a driver shortage slid for the second consecutive year, according to the American Transportation Research Institute (ATRI) 19th annual Top Industry Issues report, and driver retention improved 5% from 2022 to 2023, but that doesn’t mean fleets can take their foot off the gas when it comes to cultivating workplace quality.
October 15, 2023
The economic volatility that’s plagued practically every sector of the U.S. for the past three-plus years is not only a lingering concern for motor carriers, it’s the top concern according to American Transportation Research Institute (ATRI) 19th annual Top Industry Issues report. The updated report was released Saturday at the American Trucking Associations Management Conference and Exhibition in Austin, Texas.
October 9, 2023
Thankfully we are finally seeing real zero-emission trucks in real-world operations. I am constantly amazed at the world-record long-jump leaps of faith analysts and researchers make when promoting one drivetrain technology over another.
October 6, 2023
In the rapidly evolving landscape of logistics and delivery services, the seamless management of time-sensitive shipments has become a critical factor for businesses striving to stay ahead of the competition. Scheduled delivery management, an increasingly popular approach, offers a strategic solution to enhance operational efficiency while significantly elevating customer satisfaction.
October 3, 2023
Capitalism fuels innovation. In 2016 W. Michael Cox and Richard Alm described that in the economic system known as capitalism, “markets mobilize the incredible power of human ingenuity, encouraging individuals and companies to discover better ways to achieve greater abundance by increasing supply and lowering costs.” Capitalism is one of those banner terms that rally groups to be advocates or cynics. It is a foundation of how ideas go from concept to market adoption.
