“Diesel price increase affects trucking industry. Industry also seeing shortage of truckers, which could contribute to higher prices at stores for customers.”
Read more: https://www.foxbusiness.com/economy/diesel-price-increase-affects-trucking-industry

“Manufacturers and Research Groups Discuss Mixed Signals of Trucking Industry, Possible Recession. This month’s issue of Equipment Today focuses on the trucking and transportation industry, a vital segment facing multiple labor shortage and manufacturing challenges.”
Read more: http://www.forconstructionpros.com/equipment/article/22484938/ manufacturers-and-research-groups-discuss-mixed-signals-of-trucking-industry-possible-recession

“Freight demand has not found the floor. Maritime, rail and trucking demand still falling into historically slow months.”
Read more: https://www.freightwaves.com/news/freight-demand-has-not-found-the-floor

“This holiday shipping season is expected to be marked by fewer delays and disruptions compared with the past two years, thanks to early freight movements, a flattening of volume and increased capacity, experts said.”
Read more: https://www.ttnews.com/articles/trucking-industry-heads-smoother-holiday-season

“A slowing economy and deteriorating freight conditions are already “baked in the cake,” according to Mullen Group senior executive officer Murray Mullen. But it’s small operators who’ll face the greatest challenges as deteriorating conditions are met with rising costs.”
Read more: https://www.trucknews.com/business-management/owner-operators-at-greatest-risk-as-trucking-demand-slows-costs-surge/1003170737/

“Investing in a quality, ongoing driver training program is one way to mitigate some of [drivers incidents’] risk.”
Read more: https://www.freightwaves.com/news/the-value-of-driver-training-doesnt-stop-at-hire-date

“As freight markets soften, significant numbers of independent drivers are surrendering their U.S. Department of Transportation authorities and signing on with large carriers and seeking jobs with local and regional haul carriers. Some seek work outside the trucking industry. Multiple causes contribute to the driver shortage. The aging of drivers tops the list. Retirement becomes attractive, especially when per-mile rates for spot freight recede as they have been in recent months. “
Read more: https://www.freightwaves.com/news/driver-shortage-eases-but-trajectory-still-points-to-huge-shortfall

“A deluge of retailer earnings reflected shoppers paring back spending as inflation soars and recession fear mounts. Meanwhile, consumer surveys by Citigroup Inc. and Goldman Sachs suggested that people increasingly want to spend their money in stores, which is bad news for parcel and last-mile delivery companies that benefitted from the online-shopping boom in the wake of the COVID pandemic.”
Read more: https://www.supplychainbrain.com/articles/36141-shoppers-spend-less-leaving-companies-that-deliver-goods-empty-for-the-holidays

“The outcome of U.S. midterm elections could have broad implications for trucking at a time when U.S. lawmakers juggle topics as diverse as truck parking, speed limiters, and independent contractors.”
Read more: https://www.trucknews.com/transportation/u-s-midterm-elections-have-trucking-implications/1003170763/

“The US signed on to the Global Memorandum of Understanding on Zero-Emission Medium- and Heavy-Duty Vehicles at COP27. Nations including Ukraine, Ireland, Belgium, and the Dominican Republic, also signed the pact that also calls for a short-term goal of 30% of zero-emission fleet vehicles by 2030.”
Read more: https://www.environmentalleader.com/2022/11/us-commits-to-zero-emissions-trucks-buses/

“The American Trucking Associations, an industry group, wrote in September that the country would need more than 460,000 additional long-haul trucks each day if the nation’s freight rails shut down. The group said such a large shift toward trucking would be impossible because the industry lacked sufficient equipment and faced a shortage of tens of thousands of drivers. Key Freight Rail Union Rejects Deal, Increasing Strike Risk.”
Read more: https://www.nytimes.com/2022/11/21/business/economy/freight-rail-union-contract.html

“US Wants Trucks and Buses to Be All-Electric by 2040 This year’s climate summit in Egypt sets an ambitious target, but just how realistic is it?”
Read more: https://www.autoweek.com/news/green-cars/a42037127/cop27-climate-summit-us-ev-truck-goal-2040/

“The Wall Street Journal reports the U.S. has imported more goods from Europe than from China in 2022 […]. The shift is helping Europe’s embattled manufacturers and pushing East Coast ports ahead of their West Coast counterparts in import volumes after years of Asia’s ascendance.”
Read more: https://www.supplychainbrain.com/articles/36153-us-europe-trade-booms-as-old-allies-draw-closer

“Slow freight growth to continue in 2023 – Shipper conditions declined in September to a reading of -3.1 on the FTR Shippers Conditions Index, down from a positive reading of 5.0 in August.”
Read more: https://www.trucknews.com/business-management/slow-freight-growth-to-continue-in-2023/1003170805/

“The California Air Resources Board has laid out an ambitious plan […] mandating that all new trucks operating around busy railways and ports be zero-emission vehicles by 2024; phasing out all diesel trucks from those areas by 2035; and eventually taking every diesel truck and bus fleet off California roads by 2045, where feasible.”
Read more: https://www.sfgate.com/bayarea/article/california-plans-diesel-truck-ban-17604361.php

“UPS and FedEx are prepared for a surge in holiday shopping, but also the potential for any weakness in consumer demand and e-commerce specifically to lessen shipping volumes.”
Read more: https://www.cnbc.com/2022/11/23/how-ups-is-preparing-for-the-first-post-pandemic-holiday-season.html

Video – How UPS prepares for holiday shipping using automation
Watch here: https://www.youtube.com/watch?v=8G4Ac8PQVg8

“[Commercial Vehicle Safety Alliance] contends that establishing a unique, universal electronic vehicle identifier for all commercial motor vehicles would boost safety by improving how roadside inspectors target unsafe vehicles and drivers. […] [However,] the American Trucking Associations and the Truckload Carriers Association, whose members typically support technology aimed at improving safety, declined to back the proposal.”
Read more: https://www.freightwaves.com/news/trucking-industry-slams-fmcsas-proposed-electronic-id-mandate

“In its submission, the American Trucking Associations (ATA) said devices that transmit a unique ID could have safety benefits, but raised administrative challenges associated with attaching a VIN to a USDOT number.”
Read more: https://www.trucknews.com/transportation/trucking-groups-raise-concerns-about-mandatory-electronic-identifiers/1003170892/

“The latest numbers on the microchip shortage: N. America, Asia endure more cuts” / “Any notion that the microchip shortage would be over by now is proving to be wishful forecasting”
Read more: https://canada.autonews.com/manufacturing/latest-numbers-automotive-microchip-shortage-62

“Serial deal maker Brad Jacobs looks forward to a looming U.S. recession while he hunts for another takeover. ‘It’s a good time to do my next big thing,’’ the 66-year-old billionaire explains. “A downturn creates buying opportunities for acquirers with capital like me.’”
Read more: https://time.com/6237005/xpo-brad-jacobs-interview/

“The Logistics and Supply-Chain Slowdown Has Begun. Here’s How to Take Advantage. – A freight market marked by diminishing demand and lower prices will present opportunities for shipping customers to get their logistics budgets back in order, assuming, of course, that underlying demand from consumers and factories holds up.”
Read more: https://www.wsj.com/articles/the-logistics-and-supply-chain-slowdown-has-begun-heres-how-to-take-advantage-11669414987

#truck #logistics #transportation #trucks #supplychain #cargo #trucking #trucker #truckdriver #trucklife #freight #Truckers #automation