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The trucking industry is a vital component of the American economy, responsible for moving approximately 71% of all freight in the country. However, in recent years, the industry has faced several challenges, including a decrease in consumer spending. This decrease in consumer spending has had a significant impact on the trucking industry, and it is…
The demand for semi-trucks, also known as tractor-trailers or 18-wheelers, has been on the rise in recent years. This is due to several factors, including the growth of e-commerce and the increased need for goods to be transported across the country. As a result, trucking companies are in a prime position to benefit from this…
As the trucking industry looks ahead to Q2 of 2023, there are a number of trends and developments that companies should be aware of and prepared for. Here are just a few of the things that trucking companies should keep in mind as they plan for the coming months. One of the biggest trends that…
As was to be expected, freight demand dropped drastically in December 2022 due to the holidays. Neither shippers nor carriers wanted to deal with moving their goods between Christmas and New Year’s Eve. The New Year’s Day holiday falling on a Monday has kept the Outbound Tender Volume Index (OTVI), a seven-day moving average of…
This year has been nothing short of amazing. Alike years past, full of all sorts of ups and downs. It wouldn’t be a year though if it wasn’t both exciting and also challenging. That is the beauty of the trucking industry though. You never know what tomorrow will bring. We wanted to reflect on 2022…
Self-driving trucks are most definitely the future. While imperfections in design and other things seem to exist, overall it is a far more beneficial option all-around, more effective, efficient, and lucrative for trucking companies. In a previous article, we talked about and extrapolated myths about whether or not self-driving trucks will eventually put truckers out…
Even though freight has slowed down a little, a good portion of trucking companies are actually considering expansion according to a recent report. The typical yearend topic of discussion for most trucking companies and trucking company business owners is an upcoming bloodbath. That seems to be the case on a yearly basis. Historically during economic…
In the past, the trucking industry has been significantly frowned upon but not anymore. Truckers, trucking companies, and trucks all alike across America are an essential part of the U.S. economy. The American public thought was not always in favor of truckers though. Most of the discouragement has historically been due to poor individual experiences,…
The holiday season, the busiest time of the year for trucking companies and truckers alike is practically here. Every year trucking companies and truckers across our great nation get ready to haul the most amount of goods. From Amazon packages, toilet paper, kids toys, essentials, and everything in between. The streets around the country will…