Month: October 2018

Outbound volumes from Los Angeles (OTVI.LAX) have climbed 12% in the past ten days, while Savannah’s volumes (OTVI.SAV) have skyrocketed an astonishing 127% since September 5.Spot rates out of Savannah have remained flat, as most of the moves leaving the port are regional and capacity stays in the market. Los Angeles has been a different story. While tender rejections (OTRI.LAX) have trended downward in Los Angeles all month, shippers have realized that it’s in their interest to pay for service. According to DAT’s RateView tool, dry van spot rates from Los Angeles to Dallas have averaged $2.07 net of fuel over the past seven days, a 13% premium against September’s average of $1.82. Rates from Los Angeles to El Paso have been elevated since June, and have trended up slightly to $2.37 net of fuel over the past seven days.

Eventually, we expect more volatility in Savannah prices. We’ve heard from international freight forwarders that steamship lines are pushing their East Coast services because capacity is so tight going into the West Coast; that may be why rates into Savannah have been discounted.Although Los Angeles’ outbound volumes are at year-to-date highs, so far rich contract rates and more trucks have kept prices under control. Trucking capacity in the Los Angeles market (TRUK.LAX) has swelled by 15% since May, compared to an increase in overall national capacity (TRUK.USA) of 5%.

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Source:https://www.freightwaves.com/

A pedestrian was struck and killed by a tractor-trailer Friday night in the parking lot of a Rockbridge County truck stop.

Virginia State Police said they are investigating a possible hit-and-run at the TA Truck Center-Lee Hi Truck Stop on U.S. 11.

At about 9:20 p.m., Keith Alan Kinder, 59, of Richlands, was walking around a parked vehicle when he stepped into the path of an oncoming tractor-trailer, according to a news release from state police.

Kinder died at the scene.
The tractor-trailer did not stop and continued on its way out of the parking lot.

Reviewing video footage of the incident, troopers were able to identify a suspect vehicle and the trucking company it was associated with. After making contact with the company, police put out an alert and a truck matching the description was located in High Point, North Carolina.

State police were working with North Carolina officials to determine if the truck driver was involved in a hit-and-run incident, the news release stated.

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Source:https://www.roanoke.com/

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Source:http://www.dieselnews.com.au/

This year has seen its fair share of autonomous trucking news, but the space shows little sign of cooling off. Earlier this month, a new competitor entered the arena, led by a team of industry veterans and backed by a prominent software company.

Ike, the latest company to emerge from stealth in the autonomous trucking world, wants to take a sober approach to developing the technology.

“We’re building a company focused very much on the long-term,” co-founder and CEO Alden Woodrow said. “In autonomous vehicles in particular, there is this tendency to really rush to try to get a product built. We’re trying to bring some patience and some maturity to this problem, in large part because this is a safety-critical technology.

“The trucks that Ike powers will be driving alongside many other people on the road, and we need to make sure they can do that safely and reliably.”

Ike’s name is a nod to President Dwight Eisenhower, who signed the Federal Aid Highway Act of 1956, enabling the construction of the Interstate Highway System. The company will develop technology strictly for highway driving.

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Source:https://www.ttnews.com/

USA Truck of Van Buren announced Thursday it has acquired privately held Davis Transfer Company and related entities of Carnesville, Ga. Founded by Harry Davis in 1959, the company has about $50 million in revenues and has been managed as a full-truckload carrier for the past 20 years by Gary, Bill and Todd Davis. Todd Davis  will join the USA Truck leadership team as a vice president.

The company will operate independently of USA Truck as a wholly owned subsidiary.

Davis employees and customers should notice little change moving forward, a news release states. Davis was named Florida’s Safest Carrier in both 2016 and 2017. Davis represents a unique opportunity to add capacity, loyal customers  and exceptional drivers all of whom are committed to the continued strong performance of the business,” James Reed, president and CEO of USA Truck, says in a news release.

“The Davis family has been a great steward of the organization, with a strong track record of success and profitability, and this partnership reflects the next natural step in the progression and growth of Davis.”  The transaction will be primarily funded with the company’s revolving credit facility and cash on hand with a minimal equity issuance provided to Todd Davis to ensure strong alignment with interests of USA Truck shareholders, The release adds.

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Source:http://www.swtimes.com/

Its a truckers dream, said Terry Jobe, Director of recruiting and sales at Graham Trucking. Graham has been in business for more than twenty years and runs 45 trucks out of Grenada and Nesbit, Mississippi. For our eastbound freight going out of this area, instead of going through Memphis and all the traffic, now we can hit 269 and come right out at Arlington on our Nashville runs, and save our drivers and our customers probably an hour or so a trip, Jobe said. Officials with Graham Trucking say the opening of 269 will cut down on the amount of time a trucker spends on the road which means it will be safer and they’ll be able to get home to their families sooner.

Getting our drivers back home, as important as it is for home time for our guys, we want to make sure that we get them back as quickly as possible and that hour means everything to their families, said Jobe. Jobe says truck drivers are looking forward to bypassing interstates like 55, 40, and 240, every chance they get.

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Source:https://www.localmemphis.com/

American Trucking Associations released the list of 34 professional truck drivers chosen as finalists for the 2019-20 term of America’s Road Team on Oct. The finalists hail from 22 states, haul a diverse assortment of products and materials and include shorthaul and over-the-road drivers operating in the lower 48 states. “ATA believes the men and women who work safely day after day to deliver our goods — truck drivers — are the best representatives of the trucking industry, and we are inspired by the finalists for the upcoming class of America’s Road Team,” President Chris Spear said.

“Throughout the evaluation process, we read and heard stories from truck drivers about pride, courage and selflessness — the kinds of stories we are excited to share with the public, media and elected officials.” America’s Road Team was created in 1986 to represent the industry and is sponsored by Volvo Trucks. “The trucking industry has millions of truck drivers who work tirelessly to safely deliver goods to our communities, so it is a major responsibility to represent that workforce as an America’s Road Team captain,” ATA Chief Operating Officer Elisabeth Barna said. “These finalists, and all the nominees, are valuable representatives for our industry, and we are looking forward to meeting them in January and welcoming a new team to join the proud legacy of being an America’s Road Team captain.”

The team will be chosen by industry officials and trucking news media representatives Jan. Finalists will be judged on knowledge of trucking, dedication to safety, ability to communicate the industry’s messages and overall safe driving record. To be nominated, drivers must be employed or leased to an ATA member company.

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Source:https://www.ttnews.com/

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Source:https://www.prnewswire.com/