TRUCKING INDUSTRY

Trump offers high reward, high risk for trucking industry, experts says

A light approach to regulation and big tax cuts will be a boon for the trucking industry under a Donald Trump presidency, but Trump’s unpredictable management style poses a big long-term risk to the economy and motor carriers, freight economist Noel Perry said Wednesday.

“We are in an extraordinarily risky environment. Whatever you say about the politics of Donald Trump, his management style is highly volatile and therefore risky. It may give better outcomes, but it’s highly risky,” said Perry,...

https://www.freightwaves.com/news/trump-offers-high-reward-high-risk-for-trucking-industry-experts-says

Daily Infographic: Michigan trucking company auctioning equipment after 50 years

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https://www.freightwaves.com/news/daily-infographic-michigan-trucking-company-auctioning-equipment-after-50-years

Daily Infographic: The largest trucking companies that went bankrupt in 2022 freight recession

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https://www.freightwaves.com/news/daily-infographic-the-largest-trucking-companies-that-went-bankrupt-in-2022-freight-recession

Loaded and Rolling: Owner-operator migration; net revocations of trucking authority rise

Loaded and Rolling Cover ImageOwner-operators appear to migrate to large trucking companies
(Photo: Jim Allen/FreightWaves)

A common theme during the downward swing in the cyclical freight market cycle is the movement of owner-operators in and out of large fleets. This behavior typically follows spot market rates, and when rates are high, owner-operators will leave the safety of large fleets to chase spot market rates, and when rates collapse, they will return to large fleets for more predictable freight volumes and...

https://www.freightwaves.com/news/loaded-and-rolling-owner-operator-migration-net-revocations-of-trucking-authority-rise

Marketing mix to attract the right drivers — Taking the Hire Road

Before the internet, recruiters advertised positions in the local newspaper. Candidates could apply in person or send in a resume by mail or fax. This was the extent of interaction between recruiters and job hunters and the only way for companies to bring in leads of any kind, until the internet was invented and became more accessible.

With an early interest in management and marketing, Jeremy May, vice president of client services at Ramsey MediaWorks, says he feels “fortunate to have grown up...

https://www.freightwaves.com/news/marketing-mix-to-attract-the-right-drivers-taking-the-hire-road

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