Truckload Demand Remains Higher than this Time Last Year
July 12, 2022 | Dan Boaz
Based on the latest reports on durable goods manufacturers’ shipments, orders and inventories, freight volume has yet to decline. The most recent numbers from the US Census Bureau show that orders for manufactured durable goods increased in May by 0.7% to $267.2 billion. This follows increases for seven of the past eight months. This May, shipments of manufactured durable goods increased by $3.6 billion or 1.3%, followed by a 0.3 % rise in April. Inventories for manufactured durable goods have now increased for sixteen months and jumped by $2.7 billion, or 0.6%, in May following a 0.9% rise in April. According to Christopher Rupkey, chief economist at New York-based FWDBONDS, “There’s some inflation behind the increase in orders, but, nevertheless, there are a lot of dollars flowing through the economy right now. Businesses would not order new equipment if they thought consumers and...
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US Trucking Industry Hauls Record $726 Billion in Freight in 2015
August 16, 2016 | Dan Boaz
2015 was a remarkable year for the US trucking industry which saw it set a new record by hauling freight worth in excess of $726 billion over the twelve months. The latest data is provided by the American Trucking Association (ATA) and signals back-to-back years that freight value has exceeded $700 billion. ATA chief economist Bob Costello explained more; “According to our data, trucking revenues topped $700 billion for a second straight year, setting an all-time record of $726.4 billion in 2015, while trucks moved more than 10 billion tonnes of freight. While the first half of 2016 has been challenging for the industry, trucking is coming off two very strong years and we are optimistic about the future.” Other data from the study reveals that trucking accounted for some 81.5% of the national freight bill last year and that 10.49 billion tonnes of freight were transported in 2015. In...
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Study Explores True Cost to Vehicles From Damaged Roads and Highways
July 9, 2015 | Dan Boaz
We find ourselves frequently writing about the importance of investment in transportation infrastructure and the economic impact of congestion and highway issues nationwide. A new study actually analyzes the true cost to an average driver due to damaged road surfaces.
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2014 Saw New Record Revenues for U.S. Trucking Industry
May 22, 2015 | Dan Boaz
A recent report released by the American Trucking Association as part of their 2015 "American Trucking Trends" revealed that the nationwide trucking industry saw good growth in 2014 reaching an all-time revenue peak of just over $700 billion
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For Hot Shot Trucking in Louisiana I-20 Remains Critical
May 19, 2015 | Dan Boaz
For Expedited and Hot Shot Trucking across and through northern Louisiana, the region is heavily reliant on Interstate 20 which crosses the upper section of the state from Vicksburg, MS across to Shreveport, LA. Heavy freight travels daily along the highway either to or from Dallas or back east towards Alabama, Texas or Florida.
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New Study Highlights Growing Driver Shortage Facing Trucking Industry
May 5, 2015 | Dan Boaz
One of the largest concerns on the horizon for the nationwide trucking industry remains a growing national shortage of drivers and a new study further demonstrates that there are no signs of the problem diminishing soon. The new report compiled by HireRight reinforces the statistics that show the industry is poised to be short more than a hundred thousand drivers over the coming decade.
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Lack of Funding could Lead to New Port Crisis on East coast
April 22, 2015 | Dan Boaz
While the nationwide trucking industry was focusing on the now resolved West coast port dispute throughout the end of 2014 and during the opening months of 2015 a different but still important port issue is being faced on the opposite coast. The Port of New York and New Jersey ranks third in total tonnage nationally and set a new record cargo mark in 2014 but is struggling to manage increasing volume due to an over-stretched infrastructure.
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Six Year National Highway Spending Bill Proposed, but Will it Pass?
April 2, 2015 | Dan Boaz
fter waiting for months, the full details of the Federal government's proposed transportation bill were finally announced this week. Now begins what will surely be a spirited debate to see if the bill can receive the support it needs to pass into law before
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Hot Shot Trucking News Update Volume Four
March 25, 2015 | Dan Boaz
Welcome back to the Hot Shot Trucking blog as we take another look at some of the industry news you can use across the trucking sector. Whether it be hot shot trucking, urgent freight, nationwide trucking companies or the oil and gas production industry sector here are some recent stories that merit more exploration
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ATA and 37 Organizations Urge Congress to Pass Highway Funding Bill
March 19, 2015 | Dan Boaz
We're gradually heading toward a funding crisis for our national road transportation network which will impact all nationwide trucking companies to varying degrees. A very clear and pointed message has been sent by the American Trucking Associations (ATA) and a coalition of 37 other organizations to Congress expressing that the lack of an extended highway bill has dire potential consequences for the industry and the economy.
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New Highway Should Ease Traffic near Las Vegas for Trucking Companies
March 5, 2015 | Dan Boaz
Good news for nationwide trucking companies who transport freight to, from or via Las Vegas sees the imminent groundbreaking for a new stretch of highway that should hugely relieve an infamous bottleneck in Boulder City. For traffic heading into
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Top 10 Underfunded States for Federal Highway Funding per Capita
February 26, 2015 | Dan Boaz
As we've written before the nation is rapidly heading towards a crisis in lacking infrastructure funding and specifically to the nationwide trucking industry some huge shortfalls in highway spending. Like many other metrics however not all states are equal with the potential for issues looming much larger in some states than others.
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New Study Projects Encouraging 5 Year Growth for Trucking Sector
February 16, 2015 | Dan Boaz
One of the most encouraging reports that we've read so far this year should boost confidence throughout the trucking sector in terms of future planning. The report has been compiled by the Market Research Store following analysis of many of the largest firms in the industry and
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Nebraska's Booming Trucking Sector Still Has Obstacles to Overcome
January 30, 2015 | Dan Boaz
Most observers of the nationwide trucking industry and hot shot trucking would be quick to acknowledge Texas as being the core of the interstate trucking sector. Based purely on the number of drivers, vehicles and companies operating in the industry
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Top 10 Nationwide Trucking Congestion Locations
December 22, 2014 | Dan Boaz
The importance of on time freight delivery is of course a critical concern for all nationwide trucking companies and even more so for a hot shot trucking company like us. Urgent freight and hot shot loads are vital to ensure that the nations industries can maintain full operational effectiveness and receiving parts and equipment on time can often mean the difference between reaching targets or missing them.
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