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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How Highway Closure Impacts Hot Shot Trucking California
January 23, 2018 | Dan Boaz
Natural disasters can disrupt any industry, but their impact is particularly serious for logistics companies. The recent mudslides in California are a powerful case in point. By blocking Highway 101, one of the Golden State’s most important roadways, this environmental crisis has diverted trucks from their usual routes. This has significantly increased the cost and difficulty of completing hot shot freight deliveries, hampering the economy of the entire state. Many of the most important deliveries in California run on a route between Santa Maria and Oxnard or Camarillo in the southern part of the state. Even a minor disruption to this route can seriously impact shippers, and the mudslides are far more than a minor disruption. Hot shot freight companies have thus had to reroute many of their vehicles, often by more than 100 miles. The Full Force of Highway Closure To understand the total...
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Louisiana's Transportation Plan To Benefit Hot Shot Trucking Industry
January 16, 2018 | Dan Boaz
After years of discussion and debate from countless stakeholders, Louisiana is starting a new infrastructure project. Governor John Bel Edwards unveiled a $600 million plan to improve the state’s highways. Focusing on widening Interstate 10, this plan will be a boon to Hot Shot Trucking and other transportation companies that traverse the state. Governor Edwards announced the plan on Friday, May 13th, claiming that it was “of the utmost importance for economic development and for convenience to the traveling public.” He drew attention to the “innovative funding mechanism” that officials had developed to pay for the improvements. The state will use GARVEE, or Grant Anticipation Revenue Vehicle Bonds, to cover most of the initial construction costs. They will then pay off these bonds using Federal infrastructure aid over the next 12 years. Municipal and county governments will also chip...
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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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Mercedes-Benz to Move Sprinter Van Construction to USA
August 2, 2016 | Dan Boaz
At Hot Shot Trucking we frequently use fast and reliable sprinter fans to transport your urgent freight from state to state. The cargo capacity of sprinters matches up well with a few pallets or other suitably sized freight. We always match your urgent freight to the ideal vehicle to bring you the best value and transit time possible. Mercedes-Benz Vans USA has begun construction of
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Trucking Sector Sees Healthy Growth in May
June 22, 2016 | Dan Boaz
Welcome news for the trucking sector saw a healthy increase of 2.7% in for-hire truck tonnage for the month of May across the United States. A promising month of growth on the back of two straight months of small decreases.
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Hot Shot Trucking in Arkansas Will Benefit From New Interstate 57
April 26, 2016 | Dan Boaz
Encouraging news for hot shot trucking, our national freight network, and the trucking sector, in general, comes from Arkansas as approval to designate U.S. 67 as the 'Future I-57' has been forwarded. According to reports the Fiscal Year 2017 Transportation
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Flood Damaged Bridges, Roads in West Virginia Receive Emergency Funds
April 7, 2016 | Dan Boaz
Historic flooding across West Virginia at the end of last month has resulted in significant damage to many roads across the state but urgent repairs have already begun. Overall costs for needed repairs are estimated to be in the region of $40 million and the Federal Government has kicked in emergency relief funds of $5 million thus far.
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The Mid-America Trucking Show Begins This Week in Louisville
March 30, 2016 | Dan Boaz
This week sees the return of one of the biggest events on the annual trucking calendar as the Mid-America Trucking Show takes place in Louisville, Kentucky. Industry professionals, manufacturers and affiliated companies across the trucking industry will be present in huge numbers at the Kentucky Exposition Center.
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2015 Sees Record Sales for Class 8 and Class 5 Trucks
February 5, 2016 | Dan Boaz
2015 saw a strong year overall for the trucking sector and we witnessed the same in the hot shot trucking market with demand building throughout the year. The year-end numbers from ACT research also reveal that the long haul freight market for trucking continues to be in good health.
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Rhode Island Details Proposed Truck Tolling Locations
January 8, 2016 | Dan Boaz
In an effort to increase funding for state highway projects in Rhode Island, the introduction of tolling for trucks in the state for an extended period of time. Almost two years after the proposals were first introduced the Rhode Island Department of Transportation has now provided a comprehensive list of locations that are being considered for the addition of toll gantries.
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Nearly One in Four Bridges Deemed Deficient Nationwide
January 4, 2016 | Dan Boaz
The overall condition of our nation's infrastructure is a key consideration for the transportation sector and naturally for everyone involved in providing hot shot trucking services. Safe, reliable and properly maintained highways and roads play a vital part in the on-time delivery of urgent freight and all goods and materials throughout the United States.
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Hot Shot Trucking in Arkansas & Louisiana Will Benefit from New Bridge
December 10, 2015 | Dan Boaz
Hot Shot Trucking companies always welcome significant road improvement projects which enable us to deliver hot shot freight rapidly and reliably. A new project near Arkansas City would be a great step forward for truck traffic in Southern Arkansas and Northern Louisiana.
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Federal Highway Plan Should Benefit From Two Week Funding Extension
November 17, 2015 | Dan Boaz
With the deadline for approval of the federal transportation bill fast approaching and an agreement yet to be found the trucking industry will welcome news that transportation funding will be extended for two weeks until December 4th. This extension will hopefully improve the likelihood of the new bill being adopted and eliminate the risk of federal funding being frozen.
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Detroit Highway Repair Project Plans to Minimize Trucking Impact
October 15, 2015 | Dan Boaz
Few parts of the nation have transportation links as crucial to the hot shot trucking sectors as the highways around the metropolitan Detroit area. For the automotive industry, the dependency on the regional transport routes is absolutely vital throughout Oakland County.
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