EFS chat recap: Manufacturing and commercial building keeps flatbeds busy

This fireside chat recap is from FreightWaves’ Enterprise Fleet Summit on Wednesday.

FIRESIDE CHAT TOPIC: Flatbed demand is a leading economic indicator.

DETAILS: The flatbed market is heating up in 2021 and that’s good news for the entire economy. Russ Elliott explains how Melton Truck Lines adapted and thrived over the past 12 months and why everyone should be encouraged by how demand is shaping up for the next 12 months.

BIO: Elliott, who has more than 30 years of truck transportation...

https://s29755.pcdn.co/news/efs-chat-recap-manufacturing-and-commercial-building-keeps-flatbeds-busy

Transmission: Can Class 8 truck producers keep up with demand?

There was good news and some questionable news over the weekend. The good news can be summed by the trucking industry deciding it needed more vehicles last month, pushing up sales 108% year-over-year. There was another sale, though, that could generate more questions from the Securities and Exchange Commission (SEC), which is investigating former Nikola CEO Trevor Milton. He sold 3.5 million of his Nikola shares for $49 million six months after he resigned in a cloud of controversy.

Read all...

https://www.freightwaves.com/news/transmission-can-class-8-truck-producers-keep-up-with-demand

Carriers owed thousands after lumber processor files for bankruptcy

Northland Corp., a hardwood processor, filed for Chapter 11 bankruptcy protection on July 27.

Several trucking companies and freight brokerages are owed thousands of dollars after a Kentucky-based lumber processor filed for Chapter 11 bankruptcy protection Monday.

Northland Corp., headquartered in La Grange, Kentucky, filed its petition in the U.S. Bankruptcy Court for the Western District of Kentucky.

In its filing, Northland lists both its assets and liabilities as between $1 million and $10 million and states it has up to 199 creditors. 

Among the lumber company’s top 20 unsecured...

https://www.freightwaves.com/news/carriers-owed-thousands-after-lumber-processor-files-for-bankruptcy

Drivers say fleets stepped up during COVID-19

Truck drivers still gripe about long detention times, equipment and adapting to new technology. But they generally feel good about how their companies communicated during the COVID-19 pandemic, according to data analyzed by driver retention consultant WorkHound Inc.

“Companies have had to over-communicate, especially as it relates to the pandemic,” WorkHound CEO Max Farrell said during a July 22 webinar sponsored by Women in Trucking. “This extra effort has had an impact on drivers’ satisfaction...

https://www.freightwaves.com/news/drivers-say-fleets-stepped-up-during-covid-19

COVID-19 taking bite out of the driver pool

Trucking companies are realigning hiring practices to focus on experienced drivers as the supply of student drivers falls dramatically because of COVID-19.

The shift is a direct result of driving schools that have closed and state driver licensing agencies (SDLAs) that have either cut back hours or shut down entirely during the pandemic. This is constricting the pipeline of entry-level drivers that many carriers rely on for more than half of their driver positions.

“A lot of the driving schools...

https://s29755.pcdn.co/news/covid-19-taking-bite-out-of-the-driver-pool

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