According to new statistics, spot market prices look as though they have begun to coincide with Class 8 truck orders. The correlation is more than coincidental - they actually seem to be working almost in tandem with each other.
The month of August will bring a huge change to Compliance, Safety and Accountability program scores as assessed by the Federal Motor Carrier Safety Administration (FMCSA). Drivers will now have the benefit of a new "not preventable" classification for eight different types of crashes. The change was made based on "positive feedback from industry stakeholders," said Transportation Secretary Elaine Chao at the 2019 Mid America Trucking Show on March 29 of this year.
The Arlington, Virginia-based American Transportation Research Institute (ATRI) determined four major issues affecting the trucking industry in 2019. These concerns include 1. vehicle parking, 2. the safety of young truck drivers, 3. truck safety tech ROI and 4. the impact of litigation that is successful against trucking companies.
FleetNet America and the American Trucking Associations’ Technology & Maintenance Council collaborated on a benchmarking study that found a continued increase in the average cost of mechanical trucking repairs. Costs rose in the industry for the second quarter in a row. The Truckload Vertical Benchmarking Study covered events in the fourth quarter of 2018.
Last week, the Federal Motor Carrier Safety Administration (FMCSA) announced that the agency was in the process of creating a notice of proposed rulemaking (NPRM) which would bring about major changes to Hours-of-Service regulations for truck drivers. While exact changes that the agency is looking to reform have not yet been made available, greater flexibility for on and off-duty time was one of the initiatives FMCSA Administrator Ray Martinez hinted at during a speech he made at the Omnitracs User Conference in Dallas. (1) A NPRM was expected to publish this month but the partial government shutdown may cause a delay.
In 1976, a truck traveling on the 610 West Loop in Houston at an unsafe speed, hit a support beam and fell onto the Southwest Freeway releasing over 7,000 gallons of undiluted industrial anhydrous ammonia. The spill claimed 7 lives and injured nearly 200 people who were exposed to the extremely dangerous gas.
Over 16,500 student volunteers will come together today in what is known as the largest student-run philanthropy in the world, to participate in THON, Penn State IFC’s 46-hour dance marathon. The event, which takes place every February, is a year-long fundraising effort that goes towards the fight against pediatric cancer through Four Diamonds Fund at Hershey Medical Center. Last year, the event broke its record, bringing in $10,920,014.83, all of which benefits the families and children affected by pediatric cancer. Since 1973, THON has raised over $157 million in its efforts.
The utilization of empty trailers for storage purposes became an increasing trend in 2018, when warehouse vacancy hit a nationwide record low of 4.3%, according to CBRE. In fact, during 3Q 2018, empty warehouse availability dropped by 7.1%, with the problem worsening during the holiday season when retailers look to stock up on product prior to a surge in purchasing activity.
E-commerce, no doubt, plays a large part in this. In fact, according to the U.S. Census Bureau, domestic e-commerce sales reached $130.9 billion in 3Q 2018, a 14.5% increase from 3Q 2017, and making up approximately 10% of the total US retail revenue.
Another factor relates to building limitations for those facilities built prior to the mid-2000s, most of which have “limitations that preclude their use for e-commerce distribution, such as low ceilings, small footprints, uneven floors, and inadequate docking.” (1)
It comes as no surprise that the decline in warehouse availability is leading to higher rental rates for industrial space, with asking prices increasing 1.7% in 3Q 2018, another record high according to CBRE.
But there is another option and the trend is catching on quickly…storage trailers.
Shippers have found that utilizing a truck’s empty 53’ trailer provided a mobile, cheaper, and reusable solution to the growing problem. As an article in the Wall Street Journal notes, “one national retailer has used as many as 1,000 of their trailers to store returned goods,” freeing up space on their dock and saving the company from finding and renting warehouse space. (2)
Here’s how we can help:
Road Scholar Transport is renting and leasing storage trailers in the following areas surrounding our terminals:
-Jersey City, NJ
Our trailers provide a short-term solution to overage, saving you money and space!
Road Scholar’s storage trailers are:
-Available for long-term and short-term lease/rental
-Available in 48’ and 53’ sizes
-Roadworthy… newer and older trailers are available
-Weather-tight…preventing damage to your freight
-Equipped with GPS tracking
-Available in swing or roll-up doors
-Available in dry van or reefer
-Secured with Navalock
-Available in wood or aluminum flooring
-Provides a mobile warehousing solution
For questions, rates, and availability, please contact Bob Norton at Bob.firstname.lastname@example.org or 1-877-288-8336.
It only takes thieves seconds to steal a tractor trailer, accounting for over $15 billion in cargo theft each year in the United States and leading to product recalls/health alerts, hits to your company’s brand, financial losses as well as lawsuits and more. While we have seen patterns in cargo theft over the years, a company never knows when it is going to hit so it’s best to take precautions at all times.
The cold weather is among us and if there’s one thing that all pharmaceutical manufacturers are aware of, it’s that one temperature fluctuation can pose large concerns for their products. This is especially true during the transport process, stressing the need to choose a freight hauling company that is equipped to handle such high-value, temperature sensitive products. Here are a few tips to help reduce your risk of product endangerment.
As tradition, Road Scholar Transport is bringing you our rendition of ‘Twas the Night Before Christmas.
‘Twas the Night Before Christmas, when all through the house,
Everyone was crying, including the mouse.
For the news on the internet was dreadfully sad,
That Christmas this year, was not to be had.
The problem being, there is no snow,
The reindeer and sled, just could not GO.
Santa had a problem spreading smiles and joy,
unable to deliver presents to each girl and boy.
Walking, pacing, wondering what to do,
He turned to Rudolph for his point of view.
Santa! Santa! I know what to do.
Call a trucker to do what you do.
Pick up the toys at the North Pole,
And deliver the goods to each and every soul
Rudolph, pray tell, who might we call,
To fix this problem, that is NOT small?
Time is short and the weather stinks.
Give me the name of the trucker you think.
Santa, Santa, I know of a hauler.
Get on the internet and find Road Scholar.
They have the trucks to get this job done,
And, quite frankly, they are the only one.
So off to the desktop did St. Nicholas run,
To Google Road Scholar to get the job done.
As soon as he clicked on the web page required,
Road Scholar appeared, ready to be hired.
Hey Scholar, Scholar, I need your help.
Can you help me and my number one elf?
Our sleigh needs snow and we have none.
Will you move our toys and distribute the fun?
Santa, Santa, of course we shall do,
To support you, the elves and Mrs. Claus too.
Our trucks are fueled and ready to go.
We are especially quick, when there is no snow.
So off to the satellite did Road Scholar type,
To all of its drivers their runs on this night.
Joey, Jim, Walter and Mike,
Would run west with all of their might.
Bob, Mario, Tim and Tom will head east in a hurry,
And regarding the speed traps, will not worry.
The Philly team will handle points south and about,
While Worcester will deliver the New England route.
Time was short and the sun was rising,
As the trucks ran without compromising.
They left not a skid, the speed they did obey,
And their expedited service had it there the same day.
Giving a tug on the horn they did blow,
Heading back to the terminal the trucks they did go.
Santa had been tracking his shipments on Road Scholar’s website,
For never was a boy, girl, or toy left out of his sight.
When the status read ‘Delivered’ he left out a sigh of relief,
Knowing Road Scholar had saved so much grief.
He turned off his computer and headed for bed,
Without worry of one damaged or stolen toy in his head.
But I heard him exclaim as he walked out of sight,
For reliable and fast service, choose Road Scholar to do the job right!
As you prepare for the New Year, it’s important to take a close look at the trucking industry outlook for next year. Areas including freight rates, shipping capacities, and truck orders indicate a booming and in-demand industry. Take stock of where your trucking company can expect growth in 2019 and where you need to adapt for the year ahead.