Trucking fleets

Truckload linehaul spot rate drop accelerates under pressure from surging diesel prices

Stormy weather for the trucking industry. Photo: Jim Allen (FreightWaves)

FreightWaves’ Future of Supply Chain summit is being held this week in Northwest Arkansas, the epicenter of North American supply chains. If you aren’t able to attend, you are welcome to tune into our free live stream that will carry all of the content from the main stage. The event kicks off on Monday at 9 a.m. ET.

At the event, we will be introducing several new data products, including a new national index that is assessed and published every day (NTID.USA). This is based on the FreightWaves...

https://www.freightwaves.com/news/truckload-linehaul-spot-rate-drop-accelerates-under-pressure-from-surging-diesel-prices

What causes the booms and busts of the trucking cycle?

The boom and bust cycle of trucking. (Photo: Jim Allen/FreightWaves)

Trucking is a massively cyclical industry. 

How is it possible to have a “driver shortage” and a capacity glut at the same time? 

This is a common refrain that I hear when talking about a slowing freight market. The reality is that the “driver shortage” doesn’t mean what most people think it means. 

First, we need to differentiate between the freight market and trucking companies. Trucking companies participate in the freight market, but are not the “market.” 

Trucks being loaded at a dock. (Photo: Shutterstock)Trucks being loaded at a dock....

https://www.freightwaves.com/news/what-causes-the-booms-and-busts-of-the-trucking-cycle

FreightWaves Enterprise Fleet Summit hits the highway tomorrow!

Trucks waiting to move forward. (Photo: Jim Allen/FreightWaves)

Enterprise trucking fleets exist in an increasingly competitive landscape, but also have more opportunities than ever before. Many fleets are adopting the newest technologies, and the Summit will examine the components of a successful enterprise fleet. 

The Summit begins at 9:00 a.m. EDT tomorrow, and you can participate virtually by going here to register.

Kicking off the event as keynote speakers are two pros from USA Truck. The company’s President, CEO & Director, James Reed, is joined by his...

https://www.freightwaves.com/news/freightwaves-enterprise-fleet-summit-hits-the-highway-tomorrow

FreightWaves Classics: Richard B. Rudy, Inc. has been “committed to quality service since 1938”

One of the vintage milk trucks of Richard B. Rudy, Inc. (Photo: Richard B. Rudy, Inc.)

Richard B. Rudy, Inc. specializes in food-grade transportation of sugars, liquid sweeteners, vinegars, other liquids and finished food-grade items. The trucking company is headquartered in Frederick, Maryland, which is about 50 miles northwest of both Washington, D.C and Baltimore.

Richard B. Rudy founded the company that bears his name in 1938. At that time, Rudy began “using a single truck and stainless steel cans to provide milk transportation services to dairies for area farms in Frederick...

https://www.freightwaves.com/news/freightwaves-classics-richard-b-rudy-inc-has-been-committed-to-quality-service-since-1938

Fleets delaying 3G-to-4G transition may face disruptions before sunset deadlines

White truck convoy road forest roadside - stock - credit Quintin Gellar and Pexels

Telecom providers are currently contending with two major shifts: the gradual phasing out of 3G networks and the introduction of the highly anticipated 5G infrastructure ⁠— one that promises sweeping advances in automation and supply chain communication. 

While trucking fleets still using 3G devices have, in some cases, until the end of 2022 to transition to 4G/LTE, many are procrastinating ⁠— and understandably so. Outside of the financial cost of upgrading, they will have to park their fleets,...

https://s29755.pcdn.co/news/fleets-delaying-3g-to-4g-transition-may-face-disruptions-before-sunset-deadlines

Fuel card provider WEX sees ‘slow and steady’ recovery in 2021

Shares of WEX down on below-consensus revenue outlook for first quarter

Truck fleet payments and fuel card provider WEX Inc. (NYSE: WEX) reported adjusted earnings per share of $1.45 Wednesday, 2 cents light of the consensus estimate and $1.16 lower year-over-year. The headline number was a loss of $5.30 per share, which included more than $200 million in one-off acquisition-related expenses and a goodwill impairment charge.

The Portland, Maine-based company reported a 9% year-over-year decline in consolidated revenue as activity in the company’s fleet segment...

https://www.freightwaves.com/news/fuel-card-provider-wex-sees-slow-and-steady-recovery-in-2021

+ More