Commercial Truck Financing
The Long Beach City Council has directed the city’s harbor department to conduct a study on the economic impact of port automation on the city.
The council voted 8-0 to order the study at its Aug. 20 meeting. It’s the latest in a series of studies and legislation proposals having to do with automation in the wake of a failed effort by the International Longshore and Warehouse Union (ILWU) to prevent APM Terminals from installing robotic equipment at its terminal at Pier 400 in the neighboring Port of Los Angeles.
A new FreightWaves Intel Group whitepaper reports that 2018 was a tale of two markets. The first half was characterized as, not one of, the best bull market many in the industry had witnessed since deregulation in the early 1980s. Trucking and logistics executives thought a new normal was emerging as trucking capacity trailed far behind a surge in load volumes.
This euphoria did not last long, however. The perfect storm of dual hurricanes, electronic logging device mandates, and an economic boost created by corporate tax cuts, created an increase in load volumes and a constraint on capacity that lasted less than a year. In a five-month span from June to October 2018, tender rejection rates (OTRI.USA) halved from a high of 25.6 percent to 12.8 percent in early October. Tender rejection rates continued to fall following the holiday season and were under 6 percent at the end of June 2019.
While there is not a universally accepted definition for a freight recession, FreightWaves believes any definition should include some combination of multi-quarter consecutive drops in tender load volumes, tender rejections, spot rates and market sentiment.
Source: FreightWaves SONAR, Q3 2019 Carrier Outlook Survey
Based on the declines described in the table above, it is clear that the first half of 2019 the freight market has been in a freight recession. Carrier Outlook: Over-capacity and the Freight Recession of 2019 is now available to FreightWaves SONAR subscribers on the SONAR platform. The research goes into detail about the freight recession and what is ahead.
J.B. Hunt launches new drop trailer program 360box
John Paul Hampstead, Associate Editor John Paul Hampstead, Associate Editor 3 hours ago
J.B. Hunt (NASDAQ: JBHT) announced the launch of a drop trailer program called J.B. Hunt 360box that will give small carriers using the app access to drop and hook freight. This summer, 500 trailers will be made available for shippers to reserve, and carriers can bid on moving those trailers through J.B. Hunt’s carrier app.
Many forget, the life of a truck driver is not for the faint of heart. These extrodinary men and women sacrifice on a daily basis what many take for granted such as coming home to loved ones every night, a home cooked meal, your cozy bed at home (no.. we're not talking your cozy sleeper cab this time).
Check out these wonderful charities worth spreading the word about and consider donating to. These fantastic charies range from health & financial assistance, reconnecting a pets with owners, meals and more! I'm sure many have not considered these and its up to us to spread the word and always keep these fantastic charity options in mind!
We at Trucklenders USA feel all these charity programs deserve all the help and shout-outs they can get, so they may continue on to do their job and help a fellow trucker in need during hard times.
Keep your eyes open and on the road.
The Commercial Vehicle Safety Alliance’s Operation Safe Driver is this week. Police will be on high alert and on the lookout for unsafe driving behaviors by commercial motor vehicles and passenger vehicle drivers. In 2017, nearly 39,000 citations and warnings were issued to truck drivers during Operation Safe Driver Week. More than 84 percent of these violations were for state and local moving violations, according to the CVSA. Check out what enforcement officers will be on the lookout for. This is the perfect time for a self check on some driving behaviors we perhaps need to change. We at TruckLendersUSA want all Truck drivers on the road and safe. The best type of driver on the road, is a safe and alert driver.
Just when you thought the fun was over at the closing of the 4th of July, Head on over to the 39th annual Walcott Truckers Jamboree at is happening at the Iowa 80 Truck Stop that starts this Thursday, July 12th!
This exciting event has some quite exciting events you surely do not want to miss! A few events such as the Trucker Olympics , Antique Truck Display, and of course a cookout!
Feel like getting in on the Super Truck Beauty Contest, but don't feel you have the best fit to win? Let Trucklenders USA help you get into your next truck with all the fine bells and whistles that will stop any fellow trucker in their place! With our easy application, same day approvals and of course low rates, we at TrucklendersUSA want to see you getting to where you want to be fast.Next Page