Download Digest INDUSTRY NEWS The U.S. freight railroads and unions reached a tentative agreement this week to avert what could have been a nationwide strike. The tentative contract agreement was accepted by the unions with the Locomotive Engineers and Trainmen and Sheet Metal Air, Rail and Transportation Workers stating they will submit the tentative […]
Download Digest INDUSTRY NEWS The American Trucking Association released its Driver Compensation Study which covers data points from 2021. Drivers median compensation rose 18% to $69,687 from 2019. The American Transportation Research Institute’s (ATRI) Annual Analysis of the Operational Costs of Trucking is out for 2022. Interesting data points reflect the following: The average […]
Download Digest INDUSTRY NEWS Noteworthy News:The U.S. Supreme Court recently ruled to deny hearing the California Trucking Association’s petition over the California state’s Assembly Bill 5. AB 5, as it is known, applies an ABC Test to independent contractors. The ABC Test consists of three parts as illustrated below. Section B of the ABC […]
Download Digest INDUSTRY NEWS The ILWU and PMA issued joint statements on the recent negotiations to reassure shippers that both parties are committed to finalizing a new labor contract and avoiding a port disruption. The negotiators state, “The timing is typical, and cargo operations continue beyond the expiration of the contract. Neither party is […]
Download Digest INDUSTRY NEWS The inspections are over. On Friday, Governor Abbott of Texas repealed his order requiring stepped up inspections of all commercial truck from Mexico. The resultant backlash from the border congestion caused by the increased inspections gave way to the last of the bordering Mexican states, Tamaualipias, signing new commitments to border […]
Download Digest INDUSTRY NEWS Preliminary February numbers on Class 8 truck orders came in even with January’s volume. Overall, orders are down 50% from last year. ACT Research has the 2022 forecast sitting at 294,600 trucks versus 221,000 trucks produced in 2021 according to Ward Intelligence. XPO Logistics announced it is spinning off its North […]
Download Digest INDUSTRY NEWS Moller-Maersk intends to acquire Pilot Freight Services, for a planned transaction price of $1.68 billion. Maersk’s vision is to keep building an integrated logistics offering for its customers. Pilot brings 87 stations and hubs throughout North America. The ability to acquire is driven in A.P. Moller-Maersk’s record earnings in 2021. Maersk […]
Download Digest INDUSTRY NEWS As of January 16th, the Port of Los Angeles is reporting 16 container ships in port with 9 awaiting berth within the 40 nautical miles of both LAX and LGB ports. In addition, there are another 94 container ships en route to the San Pedro Bay, home for both LAX and […]
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