parking Archives - Maritime Shipping News

Bridging the Divide in the Truck Parking Debate

17 February 2025

The trucking industry is at a crossroads when it comes to truck parking. Rising operational costs, shrinking profit margins, and the emergence of services like Truck Parking Club are intensifying the debate over free vs. paid parking. At the heart of this issue is balancing driver needs, property rights, security, and fair compensation.

Technology has made it easier than ever for drivers to locate parking spaces. Yet, the fundamental question remains: should truck drivers have to pay for...

https://www.freightwaves.com/news/bridging-the-divide-in-the-truck-parking-debate

US House bill includes $200M for truck parking

1 July 2024

A member of Congress is leading the charge to create more truck parking to ease a headache-inducing problem drivers face daily.

U.S. Rep. Steve Womack, R-Arkansas, is being praised by the American Trucking Associations for being “instrumental” in including $200 million for truck parking in the House Transportation Appropriations Subcommittee funding bill on Transportation, Housing and Urban Development. Womack is chairman of the subcommittee.

The Federal Highway Administration has deemed the...

https://www.freightwaves.com/news/us-house-bill-includes-200m-for-truck-parking

LA zoning proposal could reduce supply of trailer parking

1 May 2024

Trailer parking near the ports of Los Angeles and Port of Long Beach is notoriously constrained and it is likely to get worse. Hoping to gain customers who struggle with this issue, some real estate developers are taking a new approach.

Finding adequate facilities to park trucks and store shipping containers is difficult throughout the United States, but the Greater Los Angeles area poses an even greater challenge for the logistics sector.

The port complexes areclosed in with boundaries on all...

https://www.freightwaves.com/news/la-zoning-proposal-could-reduce-supply-of-trailer-parking

Semi-Stow rebrands as Outpost, raises $12.5M

23 April 2024

Commercial vehicle parking and storage provider Semi-Stow announced Tuesday it has rebranded itself to Outpost and has raised $12.5 million in Series A funding led by GreenPoint Partners with participation from Speedwagon Capital Partners.

The United States currently has approximately 313,000 truck parking spaces for a populace exceeding 3.5 million active drivers. This translates to about one spot for every 11 drivers. This shortfall creates a scenario in which over 70% of drivers break federal...

https://www.freightwaves.com/news/semi-stow-rebrands-as-outpost-raises-12-5m

Love’s: Restraint in new travel centers/truck parking in ’24, but larger growth plans

26 January 2024

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Coming off a year in which it made several significant acquisitions even as its growth in new travel...

https://www.freightwaves.com/news/loves-restraint-in-new-travel-centers-truck-parking-in-24-but-larger-growth-plans

Paying for hotels saves money and improves driver retention

3 October 2023

Driver turnover is a perpetual concern for carriers, with rates regularly hovering around 90%. As driver demand increases, carriers are exploring new ways to keep drivers in their trucks.

Carriers have spent years trying to answer one age old question: Why do drivers leave? The answers, however, are as nuanced as the individual drivers themselves.

Regardless of why a driver leaves, replacing them is costly. The Bureau of Labor Statistics places the average replacement cost per truck driver at...

https://www.freightwaves.com/news/paying-for-hotels-saves-money-and-improves-driver-retention-1

New tech aims to address US truck parking shortage

24 August 2023

Financial services company Finloc 2000, which specializes in freight transportation equipment, is working on a new mobile app aimed at solving the challenges of truck parking in the United States. The growth of the number of truckers on the roads over the past two decades, in addition to hours-of-service regulations, has created a struggle for drivers seeking overnight parking.

In March, U.S. Transportation Secretary Pete Buttigieg said one of the top issues he hears about from truck drivers is...

https://www.freightwaves.com/news/new-tech-aims-to-address-us-truck-parking-shortage