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Three Federal Reserve officials gave speeches over the last couple of days, during which they talked about if and when to expect interest rate cuts; Kevin reviews the comments, offers his insights and opinion. Reading between the lines and the complete comments by economists on Monday's Report on Leading Economic Indicators, Kevin points out their positive comments that have been overlooked by the media. The American Trucking Associations released the ATA For-Hire Truck Tonnage Index; Kevin has the details and offers his insights. Oil reacts to rumors that Israel plans to strike Iran's nuclear facilities, US-Iran nuclear talks showing little progress and crude oil inventory increases.
Three Federal Reserve officials gave speeches over the last couple of days, during which they talked about if and when to expect interest rate cuts; Kevin reviews the comments, offers his insights and opinion. Reading between the lines and the complete comments by economists on Monday's Report on Leading Economic Indicators, Kevin points out their positive comments that have been overlooked by the media. The American Trucking Associations released the ATA For-Hire Truck Tonnage Index; Kevin has the details and offers his insights. Oil reacts to rumors that Israel plans to strike Iran's nuclear facilities, US-Iran nuclear talks showing little progress and crude oil inventory increases.
Transport Topics is the news leader in trucking and freight transportation. Today's briefing covers the leadership team for FedEx Freight, American Trucking Associations' freight report for April and a rise in the cost of diesel fuel. Learn more about your ad choices. Visit podcastchoices.com/adchoices
How does the changing market condition affect M&A in freight? Find out with our returning guest, Spencer Tenney from Tenney Group! Here's What to Learn From This Episode: M&A Market Trends: Current market volatility affecting M&A in freight; mixed industry responses—some waiting, others pursuing acquisitions. Tariffs and uncertainty driving cautious capital allocation decisions. Buy vs. Build Decisions: Companies often prefer M&A to build capabilities like AI due to tight margins and market challenges. Increased diligence in capital allocation noted as firms manage risk, with a cultural inclination towards acquisition over development. Cash Flow & Consolidation: Small transport businesses financially fragile, most operate month-to-month. Rising bankruptcies from cash flow issues. Industry consolidation growing as small operators exit or merge for increased profitability, driven by sustainability and risk factors. About Spencer Tenney Spencer Tenney is President and CEO of the Tenney Group, a merger acquisition advisory firm dedicated to the transportation industry since 1973. The Tenney family has been serving the transportation industry for three generations. Spencer is a graduate of the University of Texas in Austin, He is also the only Certified Merger & Acquisition Advisor (CM&AA) in North America that is dedicated exclusively to the transportation industry. Spencer and his team have closed hundreds of transportation business sales across the United States. Tenney Group clients are companies in the trucking, logistics, passenger transportation industries with annual revenues of 20M - 300M. Spencer's articles have been featured in Fleet Owner, Transport Topics, School Bus Fleet and many other industry publications. He is a sought-after speaker at national and state industry trade shows and currently serves as Chair of the American Trucking Association's M&A Task Force. Spencer and his wife Lauren reside outside of Nashville in Franklin, Tennessee. He enjoys songwriting and is actively involved in the Hope Clinic, a faith-based organization that equips women, men, and families to make healthy choices regarding unplanned pregnancies, depression, & addictions. He is also the founder of "Tuesdays with Tenney Group, a networking group designed to enrich relationships and business opportunities for Historic Downtown Franklin, TN professionals. Connect with Spencer Website: https://www.thetenneygroup.com/ LinkedIn: https://www.linkedin.com/in/spencertenney/
The American Trucking Association released the For-Hire Truck Tonnage Index; Kevin has all the details and offers his insights. Wards Intelligence released the March Medium-Duty Truck Sales report; Kevin goes through the data. The European Central Bank offers their take on what should be done with interest rates and whether tariffs will be inflationary and The International Energy Agency takes a look at their energy policies; Kevin discusses these developments. Kevin has the news, world events and economic data affecting gas and oil prices.
Transport Topics is the news leader in trucking and freight transportation. Today's briefing covers the United States-China trade war, a conference hosted by trucking technology provider Motive, and the latest American Trucking Associations tonnage report. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The American Trucking Association released the For-Hire Truck Tonnage Index; Kevin has all the details and offers his insights. Wards Intelligence released the March Medium-Duty Truck Sales report; Kevin goes through the data. The European Central Bank offers their take on what should be done with interest rates and whether tariffs will be inflationary and The International Energy Agency takes a look at their energy policies; Kevin discusses these developments. Kevin has the news, world events and economic data affecting gas and oil prices.
There are some important issues in trucking -- such as cargo theft, human trafficking, truck parking -- where working with law enforcement can help get things done.That's why the American Trucking Associations created the Law Enforcement Advisory Board. HDT's Deborah Lockridge talks to Mark Savage, chair of the board and director of connected truck solutions for Drivewyze.In This EpisodeWhat is the Law Enforcement Advisory Board?Help for truck parking shortageHow LEAB is addressing cargo theftWorking with law enforcement on human traffickingTips on working with law enforcement#trucking #humantrafficking #truckparking #cargotheft
The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
Shoot us a Text.As the month nears its close, we're talking about Senator Bernie Moreno going to bat for the auto industry with a new bill. Plus, GM is raising its stock dividends while doing a new buy back and the Las Vegas PD debuts a fleet of Cybertrucks given to them by an anonymous donor.Show Notes with links:Sen. Bernie Moreno (R-OH), a former auto dealer, is introducing the “Transportation Freedom Act”, a bill aimed at repealing federal emissions rules, reducing regulations, and providing tax breaks for U.S. automakers.The bill seeks to eliminate EPA tailpipe emissions rules and block California's zero-emission vehicle mandate.It offers a 200% tax deduction on wages paid to U.S. auto workers for automakers that keep at least 75% of production domestic, up to $150,000 per worker, and blocks companies from using the money they save for stock buybacks.Moreno's bill would end “arbitrary” CAFE fuel standards and replace them within six months with new, achievable regulations that align with consumer demand.GM, Stellantis, Toyota, NADA, the Alliance for Automotive Innovation and American Trucking Associations back the legislation.Moreno: “Thanks to liberal bureaucrats who want to mandate what cars Americans can drive, states like mine are riddled with car lots filled with expensive EVs people simply don't want and dormant factories that once employed millions of American workers. The only winner is China.”GM is doubling down on returning value to shareholders, announcing a 25% dividend increase and a new $6 billion share buyback program. This move, which sent shares up 6%, comes as the automaker looks to balance investor returns with EV investments.GM will repurchase $2B in shares by mid-2025, with the remaining $4B at its discretion and the quarterly dividend will rise from 12 to 15 cents per share, effective April 2025.GM repurchased 87M shares in Q4 2023, completing a previous $10B buyback.GM projects a net income of $11.2B to $12.5B for 2025, with $10B-$11B in capital spending as it works to narrow EV operating losses by $2B.The Las Vegas Metropolitan Police Department (LVMPD) is bringing some futuristic flair to law enforcement, announcing the addition of 10 Tesla Cybertrucks to its patrol and SWAT fleets. But the real mystery? The trucks were entirely donated by an anonymous supporter.Sheriff Kevin McMahill made the announcement during the 2025 State of the Department event, saying on X, “These are badass”The Cybertrucks will be customized for patrol and SWAT operations and LVMPD will integrate them with semi-autonomous drones and shot-spotting technology.Speculation surrounds the anonymous donor, with some suspecting Tesla or Elon Musk, considering poor Cybertruck sales numbers.Others have proposed Anthony Horowitz of VC firm Andreessen Horowitz, as he has made large donations to the LVMPD in tHosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email
Kevin talks about the final 2 days of free registration for the Mid-America Trucking Show. The Conference Board released its Consumer Confidence Index, Kevin doubts the results and offers his insights. Home Depot released its 4th quarter results. American Trucking Associations' chief economist offered an industry outlook recently, Kevin offers his insights.
Kevin talks about the final 2 days of free registration for the Mid-America Trucking Show. The Conference Board released its Consumer Confidence Index, Kevin doubts the results and offers his insights. Home Depot released its 4th quarter results. American Trucking Associations' chief economist offered an industry outlook recently, Kevin offers his insights.
Gas prices soaring yet again in California, why? Kevin has the details and offers his insights. Transportation Secretary Sean Duffy announced the "move forward" (after 6 years of delays) with approval of a Texas port capable of shipping 1 million barrels of oil per day. President Trump signed an order creating a "national energy dominance council," Kevin has the details. Bank of Canada lowers rates, Kevin explains what this means to possible tariffs. Kevin points out U.S. trade balances with our trading partners. Taiwan pledges more U. S. investment after Tariff threats. American Trucking Associations released their January For-Hire Truck Tonnage Index; Kevin has the details. Oil reacts to the Ukraine drone strike on a Russian oil pipeline, Kazakhstan transit volumes could drop 30%, U.S. presses Russia to end the war in Ukraine, OPEC+ output plans continue to be discussed and anticipated crude oil inventory reports due later this week
Gas prices soaring yet again in California, why? Kevin has the details and offers his insights. Transportation Secretary Sean Duffy announced the "move forward" (after 6 years of delays) with approval of a Texas port capable of shipping 1 million barrels of oil per day. President Trump signed an order creating a "national energy dominance council," Kevin has the details. Bank of Canada lowers rates, Kevin explains what this means to possible tariffs. Kevin points out U.S. trade balances with our trading partners. Taiwan pledges more U. S. investment after Tariff threats. American Trucking Associations released their January For-Hire Truck Tonnage Index; Kevin has the details. Oil reacts to the Ukraine drone strike on a Russian oil pipeline, Kazakhstan transit volumes could drop 30%, U.S. presses Russia to end the war in Ukraine, OPEC+ output plans continue to be discussed and anticipated crude oil inventory reports due later this week
The Trump peace dividend begins. President Trump threatened to impose "high levels" of sanctions on Russia and tariffs on imports from them if the country does not reach a settlement to end its war with Ukraine; Kevin has the details of the message and offers his insights. Oil tanker rates soar on Biden sanctions issued less than two weeks before he left office. Iranian oil sanctions will affect Malaysian exports; what? Kevin has the details. A new controversy involves Biden's Energy Secretary Jennifer Granholm and Green Energy loans. American Trucking Associations released the December For-Hire Truck Tonnage Index; Kevin has the details. Kevin explains why Stellantis has decided to move Canadian production to the U.S.. Oil reacts to falling U.S. crude and distillate inventories, gasoline inventories rise, Trump's discussion with Saudi Arabia to cut oil costs and concerns over tariffs dampening global demand.
The Trump peace dividend begins. President Trump threatened to impose "high levels" of sanctions on Russia and tariffs on imports from them if the country does not reach a settlement to end its war with Ukraine; Kevin has the details of the message and offers his insights. Oil tanker rates soar on Biden sanctions issued less than two weeks before he left office. Iranian oil sanctions will affect Malaysian exports; what? Kevin has the details. A new controversy involves Biden's Energy Secretary Jennifer Granholm and Green Energy loans. American Trucking Associations released the December For-Hire Truck Tonnage Index; Kevin has the details. Kevin explains why Stellantis has decided to move Canadian production to the U.S.. Oil reacts to falling U.S. crude and distillate inventories, gasoline inventories rise, Trump's discussion with Saudi Arabia to cut oil costs and concerns over tariffs dampening global demand.
The trucking industry could transition to a more robust environment after the freight recession of the past two years. A more probusiness Trump administration may spur domestic freight growth and be more sympathetic to the issues facing the trucking industry, according to Chris Spear, president and chief executive officer of the American Trucking Associations. In this Talking Transports podcast, Spear joins Lee Klaskow, Bloomberg Intelligence’s senior transportation and logistics analyst, to share his insights how a more common-sense approach to lower emissions could be better for the industry, environment and economy. Spear also discusses the driver shortage, legal reforms, autonomous trucking and hopes for a return to finding common ground in Washington.See omnystudio.com/listener for privacy information.
As we approach the end of 2024, I want to share an optimistic perspective on the future. The trucking and logistics industry is thriving and appears to be on track for a record year in 2025. If you need statistical support, I have that available. According to the American Trucking Association, the freight and logistics industry in the United States is substantial and expanding. The GDP for the transportation sector reached $738.5 billion in Q4 2023. Preliminary figures indicate that the nation's trucking freight bill totaled $987 billion in gross freight revenues for primary shipments in 2023. **International Trucking:** - Trucks transported 66.5% of the value of surface trade between the U.S. and Canada in 2023. - Trucks transported 84.5% of the value of surface trade between the U.S. and Mexico in 2023. **Employment:** - In 2023, 8.5 million people were employed in jobs related to trucking activity across the economy, excluding the self-employed. - There were 3.55 million truck drivers employed in 2023, reflecting an increase of 0.3% from 2022. The Bureau of Labor Statistics (BLS) projects that employment for logisticians will grow by 19% from 2023 to 2033, which is much faster than the average for all occupations. Haittam Greib, the CEO and founder of Prestige Worldwide Logistics, has led the company to recognition by INC Nationals and Regionals as one of the fastest-growing companies. Trusted to transport over one million shipments per year, Prestige Worldwide Logistics (PWL) addresses the freight management needs of small, medium, and enterprise-level organizations. Based in Detroit, Michigan, PWL is a non-asset-based third-party logistics provider that offers solutions in LTL, partial and full truckload, intermodal, expedited, and drayage transportation. PWL partners with an integrated network of over 20,000 carriers, utilizes proprietary Transportation Management Systems (TMS) technology, and connects customers with experienced service professionals. The company is committed to simplifying the shipping and distribution processes for businesses across the United States and Canada. As an entrepreneurial leader and logistics expert, I launched Metro Creations at the age of 21, providing print and online marketing services to small businesses. At 25, I founded Prestige Worldwide Logistics (PWL) in 2011. Despite various challenges, PWL evolved from a freight brokerage into a full-service third-party logistics (3PL) provider, securing contracts with major clients, including government entities and leaders in the automotive and aerospace sectors. In 2015, I initiated UFR8 to tackle driver shortages with proprietary technology. Our commitment to excellence was recognized when we secured our first government contract, managing transportation for military bases. We later partnered with NEXCOM to handle supply chain logistics for top brands. Today, I aim to inspire and empower my team in the logistics industry. We seek to expand into multiple sectors, leveraging our experience to provide unmatched transportation services. With a focus on adaptability, innovation, and personalized service, PWL is dedicated to being a single point of contact for all transportation needs. For more information: https://www.shippwl.com/ Email: haittam@shippwl.com Call: (248) 707-1991
American Trucking Associations released the For-Hire Truck Tonnage Index for October, good news or bad news. October Medium-Duty Sales reported by Wards Intelligence some increases and decreases. Merger and Acquisitions continue, who's buying and who is being acquired? Dockworkers and Railroad Unions contract negotiations are the clouds looming over the economy early next year, the issues and the chances of avoiding strikes. Oil reacts to the Russia-Ukraine war intensifying, U.S. vetoing a UN Security Council resolution for a Gaza ceasefire, OPEC+ possibly delaying output increases, full output capacity restored at a key North Sea oilfield, U. S. crude and gasoline inventories rising more than expected and anticipated Federal Reserve interest rate cuts.
American Trucking Associations released the For-Hire Truck Tonnage Index for October, good news or bad news. October Medium-Duty Sales reported by Wards Intelligence some increases and decreases. Merger and Acquisitions continue, who's buying and who is being acquired? Dockworkers and Railroad Unions contract negotiations are the clouds looming over the economy early next year, the issues and the chances of avoiding strikes. Oil reacts to the Russia-Ukraine war intensifying, U.S. vetoing a UN Security Council resolution for a Gaza ceasefire, OPEC+ possibly delaying output increases, full output capacity restored at a key North Sea oilfield, U. S. crude and gasoline inventories rising more than expected and anticipated Federal Reserve interest rate cuts.
How are truck makers using artificial intelligence to change how fleets keep their trucks on the road and generating revenue? To learn more, HDT executive editor Jack Roberts sat down with Volvo Trucks North America connectivity expert Magnus Gustafson at the recent American Trucking Associations' Management Conference and Exhibition for this episode of HDT Talks Trucking. Sponsored by: CAT Scale & Apollo Tire Learn More About AI and Predictive Maintenance: Volvo Trucks Debuts AI-Enabled Blue Service Contract at ATA What Smarter Computers and AI Mean for Predictive Maintenance Understanding AI in Trucking In this Episode, You'll Learn About: AI's Role in Truck Maintenance How Volvo is Applying AI to Predictive Maintenance Maximizing Uptime and Reducing Costs Maintenance Based on Truck Usage Difference Between Preventive and Predictive Maintenance How Volvo's Fleet Management Process Works AI as an Aid, Not a Replacement Future Potential for AI in Trucking Using Data to Improve Truck Specs and Performance
"The driver shortage is dead, long live the driver shortage." That's sort of the message you might get digging into a recent truck driver compensation study and the "driver shortage" narrative's longest proponent's response to it. That compensation study was conducted by the National Academies of Sciences, Engineering and Medicine at the request of FMCSA. FMCSA itself was tasked to commission the study by Congress in the 2021 Infrastrucutre Investment and Jobs Act, the early Biden-era highway infrastructure legislation. The report examined truck driver compensation and compensation methods and their impacts on retention and safety, and along the way called the American Trucking Associations' and others' long-posited notion of a driver shortage "spurious." Fundamental labor economics principles cast doubt on what the ATA has long held out as persistent shortages, as reported Friday by Overdrive News Editor Matt Cole: https://www.overdriveonline.com/regulations/article/15706801/does-trucking-have-a-driver-shortage ATA, though, dug in its heels in response, noting in Cole's reporting that the NAS study report's authors “fail to account for several important points and distinctions that are critical to understanding the market for professional truck drivers.” Of course, plenty others around trucking, including Overdrive's own reporting back in early 2016, have cast doubts around persistent shortages similar to those in the National Academies' study. The Owner-Operator Independent Drivers Association in particular has long-pointed to high turnover rates in truckload as a kind of bellwether statistic that belied any existence of a true "shortage." Today on the podcast, Cole's conversation about the conclusions with OOIDA President Todd Spencer, who reiterated the association's long-held view about persistent driver shortages now underscored. On the driver-retention front, Spencer felt putting real value on a driver's time, furthermore, could well be the single biggest improvement truckload carriers could make to build a base of longer-tenured pros over-the-road where delay at shipper or receiver docks or via an on-highway emergency "certainly isn't predictable," he said. "You can't plan for it and again the common thread with detention time is that the prevailing rate for that is zero" dollars. Our own Executive Editor Alex Lockie, too, joins the podcast to break down last week's Broker-Carrier Summit conference in Texas, where fraud prevention in brokered-freight markets was front and center. Also, too, plenty subjects that played directly to carriers in attendance, offering insights into opportunities that just don't exist for brokers, as it were. As Lockie quipped, "Carriers ... had this lab on how to land direct feright, which is essentially how to cut brokers out of your life. Of course, you could not have a panel on how brokers could cut out carriers." More of Lockie's dry sense of humor here, likewise a highlight moment near the end of a fraud-prevention panel discussion with with Anchor Reliable Transport's Brian Woodring. As mentioned in the podcast: **Owner-operator Ilya Denisenko's thoughts on value in the BCS event: https://www.overdriveonline.com/overdrive-radio/podcast/15684505/sweetness-of-low-price-v-the-sour-of-bad-service **Lockie's reporting on changes to Carrier411's FreightGuard system: https://www.overdriveonline.com/business/article/15705912/carrier411-makes-big-changes-to-its-freightguard-carrier-reports **Email contact for the Truckstop load board's look into potentially building a broker-vetting service for carriers: Extensions@truckstop.com
Dennis Dellinger, Chairman, American Trucking Associations wrote an article "Trucking Comes Through in Times of Need." The article reiterated the impotance of the Trucking Industry. September Housing starts for Single-Family Home and Multifamily Homes were released, are they up or down and why are they important? How are oil prices affected by rising crude stocks and gasoline inventories, falling distillate inventories, a stronger dollar, Israel beginning stikes on the Lebanese port city Tyre, U.S. Secretary of State Anthony Blinken's failure to secure a easefire between Israel and the Iranian proxies, Hezbollah and Hamas.
Dennis Dellinger, Chairman, American Trucking Associations wrote an article "Trucking Comes Through in Times of Need." The article reiterated the impotance of the Trucking Industry. September Housing starts for Single-Family Home and Multifamily Homes were released, are they up or down and why are they important? How are oil prices affected by rising crude stocks and gasoline inventories, falling distillate inventories, a stronger dollar, Israel beginning stikes on the Lebanese port city Tyre, U.S. Secretary of State Anthony Blinken's failure to secure a easefire between Israel and the Iranian proxies, Hezbollah and Hamas.
Volvo Trucks unveiled significant enhancements to its Blue Service Contract, what is it and what does it do. American Trucking Associations released the September For-Hire Truck Tonnage Index, good news or bad news? The Federal Reserve cut interest rates, how has this affected mortgage rates? Oil reacts to fading hopes of a Middle East ceasefire, tightening global oil supply and demand balance, China's additional attempts to stimulate their economy and U.S. crude oil stockpiles.
Volvo Trucks unveiled significant enhancements to its Blue Service Contract, what is it and what does it do. American Trucking Associations released the September For-Hire Truck Tonnage Index, good news or bad news? The Federal Reserve cut interest rates, how has this affected mortgage rates? Oil reacts to fading hopes of a Middle East ceasefire, tightening global oil supply and demand balance, China's additional attempts to stimulate their economy and U.S. crude oil stockpiles.
Hurricane Milton update. Biden signs Bill easing Veterans' access to commercial driving schools (CDL). American Trucking Associations' outgoing Chairman Andrew Boyle wrote an article encouraging people to get involved in the political process. Oil prices react to US crude stockpiles rising; gasoline and distillate stocks falling; Israeli Prime Minister Netanyahu to discuss Israel 's retaliation against Iran, which could cause oil supply disruptions, with Joe Biden; Hurricane Milton and China's slow economic growth reducing their oil demand.
Hurricane Milton update. Biden signs Bill easing Veterans' access to commercial driving schools (CDL). American Trucking Associations' outgoing Chairman Andrew Boyle wrote an article encouraging people to get involved in the political process. Oil prices react to US crude stockpiles rising; gasoline and distillate stocks falling; Israeli Prime Minister Netanyahu to discuss Israel 's retaliation against Iran, which could cause oil supply disruptions, with Joe Biden; Hurricane Milton and China's slow economic growth reducing their oil demand.
Transport Topics is the news leader in trucking and freight transportation. Today's briefing covers Hurricane Milton intensifying in the Gulf of Mexico, the start of production at a Hyundai EV factory, and Chris Spear highlighting American Trucking Associations' trucking advocacy as the organization heads into its Management Conference & Exhibition. Learn more about your ad choices. Visit podcastchoices.com/adchoices
American Trucking Associations releases the August For-Hire Truck Tonnage Index, up or down? September Consumer Confidence Index released, a good sign or bad sign? U.S. weekly jobless claims released, sizzling or fizzling? How are oil prices being affected by worries over supply disruptions in Libya, China's latest stimulus plans trying to boost their economy, falling U.S. crude inventories and intensifying conflict between Iran-backed Hezbollah in Lebanon and Israel.
American Trucking Associations releases the August For-Hire Truck Tonnage Index, up or down? September Consumer Confidence Index released, a good sign or bad sign? U.S. weekly jobless claims released, sizzling or fizzling? How are oil prices being affected by worries over supply disruptions in Libya, China's latest stimulus plans trying to boost their economy, falling U.S. crude inventories and intensifying conflict between Iran-backed Hezbollah in Lebanon and Israel.
When we polled owner-operators about a year ago on recent-history improvement, or lack thereof, in detention time along their routes and at their customers, a huge majority noted the situation they'd seen at docks hadn't improved to any noticeable degree in recent years. Forty percent of all poll respondents at the time in fact said detention had gotten worse for them: https://www.overdriveonline.com/overdrive-extra/article/15544369/how-to-calculate-detention-rate-for-owneroperator-business If the American Transportation Research Institute's new look at detention is correct, though, waits to load/unload are getting at least marginally better for the average driver out there, if not the majority of Overdrive's largely independent owner-operator readers. In this week's Overdrive Radio edition, track back through Overdrive News Editor Matt Cole's reporting on ATRI's "Cost and consequences of truck driver detention" study: https://www.overdriveonline.com/business/article/15683714/how-detention-time-impacted-trucking-companies-drivers-in-2023 The ATRI study's topline finding estimated trucking writ large lost $15 billion to detention at shippers and receivers in 2023. Yes, $15 billion with a B. If you consider the American Trucking Associations' annual revenue figure for the entirety of the trucking industry at nearly a trillion (ATA's 2023 estimate was $987 billion), that $15 billion is worth a full 1.5% of the entire revenues generated by trucking companies. In the podcast, we break down the headline-grabbing numbers and how ATRI got to them with its 2023 detention-impacts estimate, likewise what owners and operators can do to put a dent in their own detention problems. Some of it's obvious -- drop/hook situations, such as you can engineer them, will help -- but a lot is difficult, particularly the customer relations management that might truly make shippers and receivers feel the burden of their inefficiencies with detention fees charged. And then actually collected. As it stands today, trucking writ large tackles this issue by half measures, quite literally collecting invoiced detention fees only about half the time, ATRI found. More on the detention subject: **Recent OOIDA member survey: https://www.overdriveonline.com/business/article/15665203/ooida-member-surveys-on-detention-time-rates-deliver-ops-insight **FMCSA plans new study, quandary for owner-ops working with brokers: https://www.overdriveonline.com/overdrive-extra/article/15638339/ownerops-weigh-in-on-fmcsas-detentiontime-study-efforts
Today we're talking about with Marine Corps combat veteran and award winning truck driver, Jesus Davila about National Truck Driver Appreciation Week, Sept 15 thru 21st.During our conversation Jesus shared what the industry is like, stories from the road including delivery of one of the nation's most important trees, and we hear how the trucking industry is a perfect fit for veterans.But long before Jesus joined the trucking industry, he was a Marine in Iraq … and he explained how being in a truck was not always the safest place to be.However, after leaving the military, Jesus decided to get his CDL and follow a family tradition of driving trucks. Davila shared his experiences; from getting his license to what it's like being behind the wheel on some of the busiest highways in America. He also describes some incredible moments like; delivery the nation's Christmas Tree and meeting President Biden.He also explains programs from the American Trucking Associations, which offer an affordable pathway to getting a career in this essential industry.See more about USMC veteran Jesus Davila here:https://www.linkedin.com/in/jesus-davila-907627239 Find out how to get a great career in trucking through the American Trucking Associations' Workforce Heroes Program:https://www.trucking.org/workforce-heroesContact:CBS Eye on Veterans Host, Phil Briggsphil@connectingvets.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Our guest on this week's episode is Michael Sadowski, a researcher and author who just completed a study on sustainability in the apparel industry. Released by the Apparel Impact Institute, the study looks at the apparel industry's use of available resources. Of course, there are the fabrics that are grown and harvested or man-made materials that consume water and power. Most of our clothing is also made overseas, so the industry also needs to be aware of its carbon footprint to deliver all of those new goods to our closets and dresser drawers.This week we saw a report about truck driver salaries. This came from a survey done every other year by the American Trucking Associations (ATA), and they found that truckload drivers in the U.S. earned a median annual amount of $76,420 in 2023, posting an increase of 10% over the survey done two years ago. We break down which modes of trucking earn the best salaries.Data from the Occupational Safety & Health Administration (OSHA) show that a quarter of all industrial accidents happen at loading docks. That makes this vital, high-activity area within a distribution center a place for vigilant attention to detail. We look at how technologies and better awareness are making a difference to reduce injuries around the docks.Supply Chain Xchange also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. A brand new series of ten episodes has dropped on the "State of Logistics." The episodes provide in-depth looks into the current states of key transportation modes, such as trucking, rail, air, and ocean. It also looks at inventory management, 3PLs and more. All ten episodes are available to stream now. Go to your favorite podcast platform to subscribe and to listen to past and future episodes. The podcast is also available at www.thescxchange.com.Articles and resources mentioned in this episode:Apparel Impact InstituteTaking Stock of Progress Against the Roadmap to Net Zero - 2024 reportATA Survey: Truckload drivers earn median salary of $74,420Get episode transcriptsVisit Supply Chain XchangeListen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcastSend feedback about this podcast to podcast@agilebme.comPodcast is sponsored by: CSCMP EDGE 2024Other linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITYTop 10 Supply
Transport Topics is the news leader in trucking and freight transportation. Today's briefing covers American Trucking Associations' push for a mileage fee study, the National Truck Driving Championships, and a shift in Ford's EV strategy. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Kevin's thoughts on Biden's speech, which ended his run for re-election. American Trucking Associations report June Truck Tonage. UPS reports first-quarter earnings and volume. Is $69,000 a year enough to drive a truck? Latest oil and gas prices.
Kevin's thoughts on Biden's speech, which ended his run for re-election. American Trucking Associations report June Truck Tonage. UPS reports first-quarter earnings and volume. Is $69,000 a year enough to drive a truck? Latest oil and gas prices.
In this episode, Matt Parker and Cory Toth sit down with former Kansas Governor Bill Graves to discuss his unique experiences from the early days of campaigning with George H.W. Bush to his time in office serving as Secretary of State and Governor of Kansas. Bill shares his perspective on how pragmatism and bipartisanship doesn't always work in today's rough and tumble world of politics. Takeaways Governor Bill Graves' Career From working the campaign trail for President George H.W. Bush to then himself being elected as Kansas' Secretary of State in 1991 and Governor in 1994, Bill discusses how his love of public service led him to run for office. He went on to serve as the president of the American Trucking Association and as a board member for NASCAR. Nascar Experiences Governor Graves delves into his experience as a board member for NASCAR and shares how he once served as the Grand Marshal for the Daytona 500 and rode in the pace car with Brooks & Dunn. Introduction and Reintroduction to Golf Governor Graves shares how his passion for golf began during his childhood, but left the sport for a period of time, only to come back after his political career ended. He recounts a memorable golf story where President George W. Bush's administration called him while he was playing golf and asked him to help with Hurricane Katrina. He discusses the best golf courses in Kansas, including Prairie Dunes. Insights From the Campaign Trail Governor Graves shares his insights from working on President George H.W. Bush's 1980 campaign where he ran against Kansas' favorite son, Bob Dole. He reflects on the generosity and kindness of the Bush family. Modern Politics Governor Graves shares his predictions for the upcoming election, offering an insider's view on the political landscape. Known as a pragmatic Governor, Bill discusses how modern-day politics has shifted from the old way of making political compromises and how it has become a team sport. Get the full video version: https://youtu.be/pVp_d3gE-GQ?si=vCGyzAyQd9Ny89yi Join the email list to be notified about the latest episodes: https://golfandpolitics.com
American Trucking Associations reports tonnage for May; Werner CEO's opinion on status of the freight market. How bad is the housing recession? Main drivers of US consumer spending are running out of gas, why? Dueling Fed Presidents' comments push and pull oil prices as well as geopolitical events in Europe and the Middle East; finally, is or isn't the summer driving season materializing.
American Trucking Associations reports tonnage for May; Werner CEO's opinion on status of the freight market. How bad is the housing recession? Main drivers of US consumer spending are running out of gas, why? Dueling Fed Presidents' comments push and pull oil prices as well as geopolitical events in Europe and the Middle East; finally, is or isn't the summer driving season materializing.
American Trucking Associations critical of US DEA downgrade of marijuana drug status, Baltimore Shipping Channel reopens and the latest news affecting oil and gas prices.
American Trucking Associations critical of US DEA downgrade of marijuana drug status, Baltimore Shipping Channel reopens and the latest news affecting oil and gas prices.
On Episode 722 of WHAT THE TRUCK?!?, Dooner is back from Future of Supply Chain in Atlanta and he's talking about a new report looking at the American Trucking Associations. CEO Chris Spear earns $1.9 million, but what are his results? Summer shipping demand is lifting up the truckload market as outbound tender volumes climb above 7% and rates go up 4% above 2023 levels. Will it be sustained, and can the momentum continue? A new survey says 72% of carriers would switch to alternate fuels if it were cost-effective. Chevron Renewable Energy Group's Jon Scharingson is talking about clean fuels. We'll learn about carrier perceptions, demands and needs, as well as the infrastructure needed to meet lower emissions standards. Meet Shimmi Munson, STI's billing bulldog. We'll learn all about cradle-to-the-grave approaches; how to negotiate tariffs; LinkedIn beefs; and when strap work goes wrong. Lida Hakobyan has acted in a commercial and driven a semitruck. Now she's helping shippers sleep like babies. We'll also find out why she just bought a new truck in this market and how to select safe carriers. Plus, truck vs. boulder; literal links in the supply chain; WTTGear.com; and more. Watch on YouTube Check out the WTT merch store Visit our sponsor Subscribe to the WTT newsletter Apple Podcasts Spotify More FreightWaves Podcasts Learn more about your ad choices. Visit megaphone.fm/adchoices
On Episode 722 of WHAT THE TRUCK?!?, Dooner is back from Future of Supply Chain in Atlanta and he's talking about a new report looking at the American Trucking Associations. CEO Chris Spear earns $1.9 million, but what are his results? Summer shipping demand is lifting up the truckload market as outbound tender volumes climb above 7% and rates go up 4% above 2023 levels. Will it be sustained, and can the momentum continue? A new survey says 72% of carriers would switch to alternate fuels if it were cost-effective. Chevron Renewable Energy Group's Jon Scharingson is talking about clean fuels. We'll learn about carrier perceptions, demands and needs, as well as the infrastructure needed to meet lower emissions standards. Meet Shimmi Munson, STI's billing bulldog. We'll learn all about cradle-to-the-grave approaches; how to negotiate tariffs; LinkedIn beefs; and when strap work goes wrong. Lida Hakobyan has acted in a commercial and driven a semitruck. Now she's helping shippers sleep like babies. We'll also find out why she just bought a new truck in this market and how to select safe carriers. Plus, truck vs. boulder; literal links in the supply chain; WTTGear.com; and more. Watch on YouTube Check out the WTT merch store Visit our sponsor Subscribe to the WTT newsletter Apple Podcasts Spotify More FreightWaves Podcasts Learn more about your ad choices. Visit megaphone.fm/adchoices
Joyce Brenny and Joe Lynch discuss charity champions: specialized trucking and a mission. Joyce is the CEO & Founder of Brenny Transportation, a Minnesota based trucking company that specializes in the transportation of large, heavy, and bulky items that necessitate specialized handling, equipment, and permits. Summary: Charity Champions: Specialized Trucking and a Mission In this podcast, we explore the world of specialized trucking with Joyce Brenny, CEO and founder of Brenny Transportation, and discuss her role as president of the St. Christopher's Trucker Relief and Development Fund. Brenny shares insights into her Minnesota-based company, which hauls unique freight like granite for the Smithsonian and steel bases for windmills, and how they support their drivers through transparent lease purchase programs and customized trucks. We also delve into the mission of the St. Christopher Truckers Relief Fund, which provides medical and psychological support to truck drivers in need and promotes initiatives to improve driver health and wellness. Throughout the podcast, Brenny emphasizes the importance of creating a safe and empowering environment for truck drivers and showcases her commitment to improving the trucking industry. #TMSAElevate #BrennyTransportation #StChristopherTruckersFund About Joyce Brenny Joyce Brenny's trucking career began in 1981 behind the wheel of a semi-truck. She later transitioned to customer service, sales, and leadership roles, eventually founding Brenny Transportation, a Women's Business Enterprise (WBE) in her hometown of St. Joseph, MN, in 1996. A tireless advocate for the industry, Joyce has held numerous leadership positions including the Minnesota Trucking Association Board (first woman trucker Chair), the American Trucking Associations' Safety Policy Committee, and the American Transportation Research Advisory Committee. Currently President of The St. Christopher's Trucker Relief & Development Fund, Joyce has also been recognized by Women In Trucking as a Top Place for Women to Work and Most Influential Woman in Trucking. Most recently, she was nominated for positions on the Federal Motor Carrier Safety Policy Committee, Women of Trucking Advisory Board, and the American Trucking Association Executive Board of Directors. Complementing her extensive industry experience, Joyce holds a Bachelor of Arts degree in Organizational Behavior and Behavior Psychology from the College of St. Scholastica. Driven by a personal mission to create a safe and welcoming work environment for women in trucking, Joyce champions the rights and respect for all professional truck drivers, believing her purpose is to improve the industry for those dedicated to this essential service. About Brenny Transporation Brenny Transportation was founded in 1996 because Joyce and Todd Brenny wanted to be part of a company that treated people with respect, a company which honored champion character, with a team driven to serve. Brenny's inception into the trucking world began in a very humble way: in a small rented office in Waite Park, MN with three employees and the power of a big idea. Joyce and Todd wanted to show the trucking world that providing Grand Champion Customer Service in an honest and ethical manner could lead to success, and it has. Brenny's growth has been adaptable to the needs of their customers. Brenny has grown because of their superior respect for their customers' needs, as well as honoring the hard work and dedication of their champion team members. Customers and team members never question if Brenny cares. They know that Brenny cares. There are many years of transportation knowledge and experience leading Brenny; experience you can count on. Joyce's career in transportation began in 1980 and Todd's began in 1988. Brenny's Vice President, Bonnie Supan began her career in transportation in 1994. You could say Joyce, Todd and Bonnie are transportation experts. Todd and Joyce both started their careers in transportation behind the wheel of a truck. Between Joyce, Todd and Bonnie they have performed most duties involved in the transportation industry. This expanded knowledge of transportation has helped Brenny secure a stable place in the trucking industry. Key Takeaways: Charity Champions: Specialized Trucking and a Mission Joyce Brenny, CEO of Brenny Transportation, is committed to improving the trucking industry for drivers Brenny Specialized hauls unique freight requiring special shipping needs and deliveries St. Christopher Trucker Relief Fund helps truck drivers with unforeseen medical situations and promotes wellness Brenny Transportation supports drivers' choices between being company drivers or owner-operators The company offers a transparent lease purchase program allowing drivers to own trucks within 3-5 years Brenny Transportation was named a top 20 fleet in North America based on driver surveys loading Timestamps (00:00:44) Trucking with Purpose: Brenny Transportation's Story (00:02:01) Specialized Freight: The Brenny Way (00:05:00) Supporting Truck Drivers' Health and Wellbeing (00:06:47) Joyce Brenny's Journey in Trucking (00:11:14) Supporting Driver Success at Brenny Transportation (00:14:41) Supporting Truckers Through St. Christopher Fund (00:20:35) Driving Wellness in the Trucking Industry (00:25:31) Delivering Specialized Freight with Passion (00:29:59) Brenny Transportation: Award-Winning, Driver-Centric Fleet (00:32:57) Specialized Freight Requires Expert Handling (00:36:49) Specialized Trucking: Beyond Oversized Loads (00:37:27) Supporting Truckers and Delivering Specialized Freight (00:38:54) Brenny's Unique Approach to Trucking Learn More About Charity Champions: Specialized Trucking and a Mission Joyce Brenny | Linkedin Brenny Transportation | Linkedin Brenny Transportation Christopher Truckers Relief Fund Episode Sponsor: TMSA TMSA - Transportation Marketing & Sales Association TMSA ELEVATE - Transportation Marketing & Sales Summit Building a Freight Sales & Marketing Community | The Logistics of Logistics Episode Sponsor: Revenova Contact Us | Revenova The CRM-Powered TMS with Michael Horvath | The Logistics of Logistics The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube
A more competitive bid season, an irrational spot market and severe January weather took a toll on truckers this year. More capacity will need to exit the market before freight rates and earnings can inflect positively for truckload carriers. In this Talking Transports podcast, American Trucking Associations' (ATA) Chief Economist and Senior Vice President Bob Costello joins Lee Klaskow, Bloomberg Intelligence senior transportation and logistics analyst, to talk about the state of the truckload and less-than-truckload segments and what lies down the road for the trucking industry. The market has become more volatile, and a turnaround will likely happen quicker than in previous cycles, Costello says. He also talks about autonomous trucking, electric trucks, new emission standards and driver availability.See omnystudio.com/listener for privacy information.
Our guest on this week's episode is David Correll, a research scientist with the Massachusetts Institute of Technology Center for Transportation and Logistics. This coming Monday, April 22, we celebrate Earth Day. Begun in 1970, this is a worldwide event designed to recognize the importance of preserving our environment. Due to its basic role of moving goods worldwide, our supply chains are among the biggest contributors to greenhouse gases. While we can't totally eliminate our environmental footprints, there are things we can do to lessen their impacts on the environment. Each year, the Council of Supply Chain Management Professionals and the MIT Center for Transportation and Logistics produce a State of Supply Chain Sustainability report. Correll is the project lead for this ambitious research. He shares about the progress being made for sustainability with in supply chains. Members of the American Trucking Associations' (ATA) Women in Motion (WIM) group met with federal government leaders in Washington this week to advocate for policies that support women drivers and that will encourage recruitment and retention of more women in the industry. We look at the specific legislation they are promoting to improve the lives of women truckers. Freight company Yellow Corp. went out of business last year. It was one of the largest trucking companies to declare bankruptcy in history. Yellow blames its demise on contract negotiations with the Teamsters, while the union says the company spent more than it could afford to acquire other companies and expand. Regardless, the bankruptcy court has been selling off the company's remaining assets. We look at those assets and what other trucking firms have been buying them in order to expand their own operations at bargain prices. Supply Chain Xchange also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. Go to your favorite podcast platform to subscribe and to listen to past and future episodes.Articles and resources mentioned in this episode:Massachusetts Institute of Technology Center for Transportation & LogisticsState of Supply Chain Sustainability Report (2023)Women truckers take their case to WashingtonEstes to open wave of new freight terminals acquired from bankrupt Yellow Corp.Get episode transcriptsVisit Supply Chain XchangeListen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcastSend feedback about this podcast to podcast@agilebme.comPodcast is sponsored by: Travero LogisticsOther linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITYTop 10 Supply Chain Management Podcasts
Elisabeth Barna and Joe Lynch discuss making drivers happy. Elisabeth is the Founder of EAB Strategies, a company that provides communications and marketing expertise to transportation and logistics companies, as well as program development for companies seeking to grow their brand and image. About Elisabeth Barna Elisabeth Barna is a seasoned veteran in the trucking industry with 34 years of experience. In 2023, she founded EAB Strategies, LLC, a consulting business where she continues to work within the transportation and logistics industry. During her 25-year tenure at American Trucking Associations, most recently EVP, Industry Affairs & Senior Advisor, she played a pivotal role in the industry's image campaign by telling the story of trucking. She worked tirelessly to amplify the professional truck driver, the industry's safety record and career opportunities. Elisabeth drove the association's image programs, member communications strategy, and oversaw ATA events and education. She steered the industry-wide image movement Trucking Moves America Forward. Elisabeth received the "J.R. 'Bob' Halladay" Award and the American Logistics Aid Network's 2021 Humanitarian Logistics Award. She is secretary of St. Christophers Truckers Relief Fund, a member of Truckers Against Trafficking Advisory Council and a founding member of DOT's Women of Trucking Advisory Board. About EAB Strategies EAB Strategies provides communications and marketing expertise to transportation and logistics companies, as well as program development for companies seeking to grow their brand and image. Led by a driven and passionate leader with nearly 35 years in the trucking industry, Barna's ability to amplify the voice of the industry through storytelling is unmatched. She offers public speaking and media training for professional truck drivers and emerging leaders. EAB Strategies provides opportunities through professional driver focus groups and surveys that deliver confidential feedback on company culture, policies and products that help attract new candidates, retain drivers, or improves product or pitch. She provides expertise in event content, logistics and marketing. Engagement is important in any business and EAB Strategies will identify and create initiatives to engage leaders, employees, members, communities, and the media. Barna's work with emerging leader programs, driver programs, and association and charity programs are a testament to her ability to deliver results. Key Takeaways: Making Drivers Happy EAB Strategies specializes in communications and marketing services for transportation and logistics companies. They offer program development to help companies grow their brand and public image. Led by Elisabeth Barna, a leader with 35 years of experience in the trucking industry, EAB Strategies offers a deep understanding of the sector. Barna excels at amplifying the voice of the transportation and logistics industry through compelling storytelling. EAB Strategies provides public speaking and media training for professional truck drivers and emerging leaders. They identify and create initiatives to engage various audiences including leaders, employees, members, communities, and the media. Barna's experience with emerging leader programs, driver programs, and association/charity work demonstrates EAB Strategies' ability to deliver successful communication solutions. Learn More About Making Drivers Happy Elisabeth Barna | Linkedin Wreaths Across America | Linkedin Wreaths Across America Elisabeth serves on the board of the following organizations: St. Christophers Truckers Relief Fund TAT Everyday Heroes The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube
In this installment, we welcome Amanda Schuier, Strategic Maintenance Director at Jetco Delivery & the Technology & Maintenance Council (TMC) of American Trucking Associations, Inc's General Chairman & Treasurer. Having spent the better part of 15 years in heavy duty maintenance myself, I am excited! We talk leadership, maintenance, & diving into some of the largest challenges facing the transportation industry.Learn more about TMC fall meeting right here. And what's up with autonomous trucks here.Thanks as always to our partners at DAT. If you're new to DAT, follow this link to earn 10% off your first year. Here is the link for truckers! DAT One Pro gives truckers access to tri-haul & 15-day rate as opposed to 30-day rateHere is the link for brokers! DAT One Select gives brokers access to Market Conditions, Exact Match alarms and more.
We're hitting the open road.There are an estimated 3.5 million freight drivers in the U.S., according to the American Trucking Association.But some of those big rigs could soon be going driverless. Automated 18-wheelers are already hauling freight in Dallas. What's being done to keep those of us sharing the road with these road-bots safe?Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Connect with us. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
The EPA's heavy-duty emission rule is being opposed by the trucking industry. The American Trucking Associations says the rule will have major implications on the nation's economy and carry a hefty price tag to build adequate infrastructure to support 100% electrification of the country's heavy truck fleet.