Trucking

Drilling Deep: Starting a truckload carrier with AI as its backbone

Fleet AI is a new truckload carrier that is trying to distinguish itself in a field full of new and existing entrants where it’s tough to stand out.

Its founder and CEO is Marc El Khoury. He joins Drilling Deep host John Kingston to talk about how his company is trying to stand out and get that competitive edge by using AI and algorithms.

Also on the podcast, Kingston discusses the possibility of the U.S. and other Western nations releasing oil from their strategic stockpiles to temper further...

https://www.freightwaves.com/news/drilling-deep-starting-a-truckload-carrier-with-ai-as-its-backbone

Truck transportation jobs take big upward move in latest monthly report

Jobs in the truck transportation sector rose by a significant 7,900 jobs in October, according to the Bureau of Labor Statistics, while a revised September figure tacked on even more jobs from the original estimate.

Employment in the truck transportation sector as defined by the BLS rose to 1,515,500 jobs in October on a seasonally adjusted basis. Most economists look to the seasonally adjusted figures as being most accurate in measuring employment trends.

The 7,900-job increase was off a revised...

https://www.freightwaves.com/news/truck-transportation-jobs-take-big-upward-move-in-latest-monthly-report

LEAD ATA rolls on, fostering next generation of trucking leaders

One by one they have come out of the LEAD ATA program, and by now, there are lots of them.

As the American Trucking Associations recently welcomed a new class of entrants into its management-style program designed for the next generation of trucking leaders, the math shows that the numbers of LEAD ATA graduates are reaching a critical mass. Reviewing the graduates going to back to the first class in 2014, the 2021-2022 class will put the total number of graduates over 100. 

In other words, a lot...

https://www.freightwaves.com/news/lead-ata-rolls-on-fostering-next-generation-of-trucking-leaders

Amply Power unveils shipping containers for cheaper, portable EV charging

Amply Power unveiled a shipping container portable EV charging solution.

Electric vehicle charging services provider Amply Power unveiled a semi-permanent yet portable charging solution called Inrush on Friday. Inrush uses repurposed shipping containers to hold multiple EV charging stations.

Located in Disney’s Toy Story parking lot in Anaheim, California, Anaheim Transportation Network is the first Inrush customer. The project will consist of two shipping containers, each housing five charging stations, allowing 10 electric buses to charge at once. Two 200kW...

https://www.freightwaves.com/news/amply-power-unveils-shipping-containers-for-cheaper-portable-ev-charging

Tips for boosting driver retention

It’s one thing to recruit quality drivers but keeping them is the real challenge.

The industry has long dealt with a driver shortage that seems to have only worsened since the beginning of the pandemic. Now more than ever, drivers have the upper hand at the bargaining table.

It’s up to motor carriers to earn the loyalty of their fleet but doing so means changes must be considered. Reliance Partners’ director of safety, Robert Kaferle, urges companies to establish driver retention programs among...

https://www.freightwaves.com/news/tips-for-boosting-driver-retention

Entry-level driver training rule changes game for behind-the-wheel safety

After decades of fits and starts that ultimately resulted in a negotiated rulemaking, the Federal Motor Carrier Safety Administration’s long-awaited entry-level driver training (ELDT) rule appears ready for implementation.

As of Feb. 7, 2022, truck drivers – both those new to the industry (Class A and B CDLs) and those seeking endorsements (passenger, school bus or hazardous materials) for the first time – must meet minimum training standards and receive that training from a certified...

https://www.freightwaves.com/news/entry-level-driver-training-rule-changes-game-for-behind-the-wheel-safety

Fleetcor beats Q3 expectations again with 29% YOY revenue growth

Fleetcor's third-quarter results beat expectations again.

Global commercial fuel card and business payments company Fleetcor Technologies Inc. (NYSE: FLT) on Wednesday reported total revenue for the third quarter grew 29% year-over-year to nearly $756 million. Net income increased to $234 million for the quarter, a 24% year-over-year rise.

After record retention and sales in the second quarter, the trend continued in Q3. 

Fleetcor’s adjusted earnings per share (EPS) reached $3.52 for the third quarter, increasing 26% year-over-year from $2.80. The...

https://www.freightwaves.com/news/fleetcor-beats-q3-expectations-again-with-29-yoy-revenue-growth

Nikola will push indicted founder to reimburse expected $125M SEC fine

Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek to get indicted founder Trevor Milton to reimburse the civil penalty and other costs.

The startup electric truck maker is awaiting full SEC approval of the settlement, which covers alleged fraudulent claims by Milton, the company founder and former executive chairman. He faces criminal trial next April on three federal fraud counts. Milton is free on $100 million bail.

“We...

https://www.freightwaves.com/news/nikola-will-push-indicted-founder-to-reimburse-expected-125m-sec-fine

Peak season analysis and strategy

Shippers continue to face pandemic-related headwinds as they enter the 2021 peak season. Severely strained capacity and elevated rates have created a challenging environment for shippers, in part, due to the increased level of spending and ongoing consumer shift toward e-commerce. Carrier network imbalances and capacity fragmentation have made the capacity available less accessible. While these trends existed before COVID-19, the pandemic only accelerated these challenges and behavior changes.

Wi...

https://www.freightwaves.com/news/peak-season-analysis-and-strategy

Draft of vaccination rule released; trucking didn’t get an exemption

There is no exemption for trucking in the proposed federal mandate governing vaccination. The rule was “pre-published” Thursday morning by the Biden administration.

Trucking industry organizations had called for the sector to be exempted. 

The Occupational Safety and Health Administration published a rough draft of the rule, which will be formally unveiled Friday.

Jan. 4 is the effective date for the mandate, termed an Emergency Temporary Standard.

Under the mandate, companies with 100 or more...

https://www.freightwaves.com/news/draft-of-vaccination-rule-released-trucking-didnt-get-an-exemption

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