ATBs

Drilling Deep: What tax returns said about trucker pay in ’21

Todd Amen is the president of ATBS. That gives him a ringside seat for how independent owner-operators in the trucking market are doing financially.

ATBS processes thousands of tax returns for owner-operators every year. It’s getting toward mid-April, when taxes need to be filed, and Amen joins Drilling Deep host John Kingston to discuss what he’s seen in this year’s tax returns coming off the strong freight market of 2021.

Also on the podcast, Kingston reviews the market for jet fuel, which has...

https://www.freightwaves.com/news/drilling-deep-what-tax-returns-said-about-trucker-pay-in-21

Driver recruitment wars rage at MATS, booth after booth after booth

LOUISVILLE–Imagine walking through aisle after aisle of display booths and seeing multiple signs that say, in so many words,  “We want you bad.” But it’s not the same “We want you” with Uncle Sam’s finger pointing straight ahead. 

That was the scene at the Mid-America Trucking Show here, the first one since 2019, where all the endless online and radio advertisements from trucking companies looking for drivers come to life. There may be 100,000 carriers in the U.S., so they clearly aren’t all...

https://www.freightwaves.com/news/driver-recruitment-wars-rage-at-mats-booth-after-booth-after-booth

La guerra por la contratación de conductores se recrudece en MATS, stand tras stand tras stand

LOUISVILLE, Ky. – Imagínese caminando por un pasillo tras otro de cabinas de exhibición y viendo múltiples carteles que dicen, con muchas palabras, “Te queremos mal”. Pero no es el mismo “Te queremos” con el dedo del Tío Sam apuntando al frente.  

Esa fue la escena en el Mid-America Trucking Show de aquí, el primero desde 2019, donde todos los interminables anuncios online y de radio de las empresas de transporte que buscan conductores cobran vida. Puede que haya 100.000 transportistas en...

https://www.freightwaves.com/news/la-guerra-por-la-contratacion-de-conductores-se-recrudece-en-mats-stand-tras-stand-tras-stand

Surging diesel prices, lag in fuel surcharges starting to raise concern

Other FreightWaves stories related to the Russian invasion of Ukraine and its impact on logistics:

Greg Miller on shipping: Shipping isn’t waiting for sanctions; It’s refusing to move Russian cargo

Eric Kulisch on air cargo: Ukraine crisis creates logistics headaches for air cargo airlines

Jack Daleo on e-commerce: Russia-Ukraine conflict could lead to global e-commerce disruptions

Diesel’s rapid rise is starting to create concerns that fuel surcharges and “all-in” prices for independent...

https://www.freightwaves.com/news/surging-diesel-prices-lag-in-fuel-surcharges-starting-to-raise-concern

Average annual driver salaries have cracked $70k: ATBS’s Amen

For the first time since Todd Amen’s ATBS firm has been tracking fleet and average independent owner operator salaries, pay levels have cracked an annual rate of more than $70,000.

That was the bottom-line number that came out of ATBS’ semi-annual webinar in which Amen reviews data on how drivers are doing. The numbers he draws from are from a huge base of financial information compiled through his company’s activities offering tax and other financial services to owner operators and fleets.

“We’re...

https://www.freightwaves.com/news/average-annual-driver-salaries-have-cracked-70k-atbss-amen

Drilling Deep: The good times roll for independent owner-operators

When you advise independent owner-operators on their finances, you get a good look at how they’re doing. And Todd Amen of ATBS likes what he’s seeing.

Amen, president and CEO of ATBS, sat down with host John Kingston on Drilling Deep to discuss what he’s seeing in the finances of the independent fleet. The market is great and it’s showing up in their performance.

Also on Drilling Deep, Kingston discusses why there hasn’t been more of an upward kick in the price of oil given the continued loss of...

https://www.freightwaves.com/news/drilling-deep-the-good-times-roll-for-independent-owner-operators

ATB operator Bouchard’s troubles continue

The next ATB tug under construction for Bouchard Transportation will be a sister ship to the Evening Star, pictured here in August 2015. Bouchard Transportation photo.

Trouble has snowballed in recent weeks for financially distressed Bouchard Transportation Co. Inc., one of the nation’s largest oceangoing tug and barge companies.

Port captains in four U.S. Coast Guard sectors — New York, New Orleans, and Port Arthur and Corpus Christi, Texas — have issued orders demanding that Melville, N.Y.-based Bouchard take action to secure the safety of several articulated tug-barge units that had been lying idle in local anchorages for many weeks, with unpaid crews...

https://www.workboat.com/news/coastal-inland-waterways/atb-operator-bouchards-trouble-continue/

Kirby fined $2.2 million for British Columbia grounding, fuel spill

The Nathan E. Stewart lies partially submerged where it ran aground near Bella Bella, BC. Heiltsuk Nation photo by Tavish Campbell.

A Canadian court has fined Houston,Texas-based Kirby Offshore Marine Corp. $2.9 million (US $2.2 million) for the October 2016 grounding and fuel spill of the tugboat Nathan E. Stewart in British Columbia’s Inside Passage.

Some 29,000 gallons of diesel and lubricants spilled in the accident, which happened when the second mate piloting the articulated tug-barge unit fell asleep while on watch and missed a planned course change, according to Canadian and U.S. investigators.

Kirby, the largest U.S....

https://www.workboat.com/news/coastal-inland-waterways/kirby-fined-2-2-million-for-british-columbia-grounding-fuel-spill/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.