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Going…Going…Gone! Trucking Companies Shutting Down At Surging Numbers, Leaving Over 3,000 Drivers Without Jobs

Going…Going…Gone!  Trucking Companies Shutting Down At Surging Numbers, Leaving Over 3,000 Drivers Without Jobs

In 2018, 310 trucking companies had closed their doors.  2019 surpassed that number by over double in just the first half of the year alone, with 640 carriers going out of business. (1)  This number equates to nearly 20,075 trucks being removed from the road and over 3,000 drivers left unemployed. (1,2)  Here are some of the reasons trucking companies are struggling this year:

More Than Just a Trucking Company…Here Are Some Facts You May Not Have Known About Road Scholar Transport

More Than Just a Trucking Company…Here Are Some Facts You May Not Have Known About Road Scholar Transport

Road Scholar Transport has been a reliable source for LTL and Truckload shipping in the Mid-Atlantic/New England regions since 1988 but its company philosophy goes well beyond that of a typical trucking company.  Here is a look at some of things you may not know about our company. 

Why Choose Road Scholar? BECAUSE…

Why Choose Road Scholar?  BECAUSE…

Equipment 

•      Average Tractor Age < 3 years

•      Trailer Decking and Security Gates

•      Drive Cams

•      Navilock

•      Wingman Collision Avoidance Systems

Just How Much Does Traffic Congestion Cost? The Results Will Startle You

Just How Much Does Traffic Congestion Cost?  The Results Will Startle You

Texas A&M Transportation Institute published its 2019 Urban Mobility Report this month, reflecting the growing issue of congestion on our nation’s roads and just how much it is costing Americans.  Here were the key takeaways: (The following can be found in the full report available at https://static.tti.tamu.edu/tti.tamu.edu/documents/mobility-report-2019.pdf)

FMCSA Releases Flexible Hours-of-Service Proposal, Allowing Drivers to “Pause” Hours

FMCSA Releases Flexible Hours-of-Service Proposal, Allowing Drivers to “Pause” Hours

Those in the trucking industry have become all too familiar with the hours-of-service regulation, which allows drivers 14 hours on-duty a day with 11 of those hours consisting of driving time.  They must then shut down for a 10 hour break regardless of where he or she is at, which makes detention an even stronger issue within the industry, eating up a driver’s time and often leaving them stranded as they wait to be loaded/unloaded.  With electronic logging devices now in effect, drivers and companies must strictly adhere to the rules or else face citations/penalties.  But all that may change.

The Increasing Cost of Truck Repair in the Industry

The Increasing Cost of Truck Repair in the Industry

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.

Trucking Industry Outlook for 2019

Trucking Industry Outlook for 2019

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.  

Holiday Cargo Theft Continues to Strike Retailers as Value of Stolen Goods Rise

Holiday Cargo Theft Continues to Strike Retailers as Value of Stolen Goods Rise

Cargo theft is nothing new to supply chain professionals as thieves continue to utilize new and adaptive ways to steal freight.  According to National Retail Federation’s 14th annual organized retail crime (ORC) study, 92% of retailers that were surveyed acknowledged having an ORC within the last year (29% stating that they occurred during the supply chain process) and 71% found the problem to be increasing.(1)  According to retailers, the digital environment is making it easier and easier for thieves sell stolen goods and that harsher penalties need to be enforced for cargo theft, with 73% of surveyors believing that there should be a federal ORC law in place.(1)

Trucking Updates: Costs Rise as Driver Shortage Tightens With No End in Sight

Trucking Updates:  Costs Rise as Driver Shortage Tightens With No End in Sight

Driver Shortage: 

According to the American Trucking Associations, the industry is short nearly 63,000 drivers with that number expanding to over 270,000 for the entire Class 8 truck market according to FTR Transportation Intelligence.(1,2)  Capacity tightened this year with enforcement of the ELD mandate in April and is expected to worsen by 2020 when carriers must comply with the online driver drug testing database.(3) Within the next 10 years, the industry is expected to be short 890,000 drivers.(4)

Onboard Video: The Next Big Thing?

Onboard Video: The Next Big Thing?

The trucking industry is showing major flexibility in adapting to ELDs; however, more digitally-driven changes are on the horizon.  The rapid development of inexpensive high-resolution digital video is one such technology moving into the driver’s cab.

Truck Orders Soared in July, But Where Are the Truckers?

Truck Orders Soared in July, But Where Are the Truckers?

There's no doubt that trucking is a busy industry right now, but what do you make of the conflicting reports that are coming out?  More shipments, fewer truckers, more trucks: it's a bit difficult to sort it all out.  Here's a quick look at a couple of stats that came out recently along with our take on what's actually happening in the market.

HOURS Act: Four HOS Reforms You Should Know About

HOURS Act:  Four HOS Reforms You Should Know About

Last Thursday, Reps. Rick Crawford, Sanford Bishop, and Bruce Westerman introduced the Honest Operators Undertake Road Safety Act (HOURS Act).  If passed, the Act would provide changes to the hours-of-service regulations, allowing drivers more flexibility, especially those running short-hauls.  Here are some key sectors that would be affected:

Shippers Attempt to Become More “Driver Friendly” to Win Capacity

Shippers Attempt to Become More “Driver Friendly” to Win Capacity

Imagine docking your trailer at a shipper’s facility, asking to use the restroom while you are waiting, and being denied.  Better yet, imagine being told to go relieve yourself behind your own trailer “like everybody else does,” by one of the employees.  So was the case a few years back when one driver made headlines for the treatment he received at a food packaging facility.  The facility later told the driver that they would be changing their policy within the next month to allow drivers to use their facilities’ restrooms.

3 Things to Consider When Hiring a Trucking Company

3 Things to Consider When Hiring a Trucking Company

It is not uncommon for companies large and small to field quotes and hire a trucking company based on bottom-line savings.  Few would dispute that outfits in need of shipping services should strongly consider this type of face-value assessment.

What the Tax Bill Means for the Trucking Industry

What the Tax Bill Means for the Trucking Industry

After much struggle from within Congress, President Trump's massive tax reform bill successfully passed. Though it's unclear exactly what effect the bill will have on individuals at this point, many industries are hailing the milestone legislation as a boon to the economy and their own businesses. Starting in 2018, the impact of the largest overhaul of the country's tax code in 30 years will be felt. Some highlights -- as they pertain to truckers and the trucking industry -- are noted below.

The Road Behind: A Look at 2017's Hottest Supply Chain Tech

The Road Behind: A Look at 2017's Hottest Supply Chain Tech

Electronic logs. Electric semis. Autonomous vehicles. As the supply chain industry moves forward, the technology we use is quickly gaining ground, making big changes in how we do business. But with 2018 knocking at the door, it's time to take a quick look back to see what the hottest trends were in 2017 for supply chain technology.

Carriers Say Goodbye to Shippers who Detain Drivers as ELD Mandate Draws Near

Carriers Say Goodbye to Shippers who Detain Drivers as ELD Mandate Draws Near

Less than a month away from the compliance date of electronic logging devices, carriers are taking measures to soften its impact, including purging their customer base of those shippers/consignees with a history of detaining drivers.