Tag

Trucking

All articles tagged with #trucking

J.B. Hunt shares drop 10% as CFO warns of earnings decline due to fuel and hiring costs

J.B. Hunt Transport Services shares fell more than 10% after the company warned that third-quarter earnings would drop by 5% to 10%. CFO Brad Delco cited record-high diesel prices and increased spending on driver recruitment as primary drivers of the decline. Although the company expects volumes to improve, these gains are insufficient to offset the immediate cost pressures. The stock had risen nearly 100% over the previous year, making this sharp reversal notable for investors.

via CNBC|

#business #earnings #fuel-prices

politics2 months ago•7 min saved

Trump's Freedom Haulers: Fast-Tracking Veterans into Trucking

President Trump unveiled the Freedom Haulers initiative to fast-track veterans into trucking by allowing qualified veterans with heavy-vehicle experience to waive the CDL road-skills test (and, in participating states, some knowledge testing) with expedited training for others; advocates, including a veteran trucking executive, say disciplined veterans are safer on the road and the industry needs drivers, while the plan also targets removing unqualified illegal alien truckers. About 34 states are on board, Trump cited data of veterans having 42% fewer accidents, and officials highlighted strong pay in trucking (roughly 80,000 to 100,000 dollars annually).

via Fox News|

#cdl #politics #trucking

politics3 months ago•6 min saved

Trump plan rolls back Biden diesel rules, touts trucking relief

Trump administration proposes rolling back Biden-era heavy-duty truck emissions rules, arguing it would save about $12 billion for truckers and lower prices for goods by eliminating DEF-related deratings and speed restrictions on new highway and nonroad engines, while preserving roughly 90% of NOx reductions and easing emissions-warranty requirements; supporters say the changes boost supply-chain efficiency and consumer prices while maintaining environmental protections.

via Fox News|

#diesel #emissions #epa

legal-issues4 months ago•13 min saved

California Jury Expands Carrier Liability Across Subcontracting Chains

A California jury awarded $52.1 million after a crash involving a USPS‑subcontracted load, ruling that carrier liability can extend to independent contractors up the supply chain under California law; the decision focused on vicarious liability and Hours of Service violations, signaling heightened exposure for carriers that use subcontractors or independent operators and prompting scrutiny of how firms structure and document contractor relationships.

via FreightWaves|

#independent-contractor #legal-issues #nuclear-verdict

trucking4 months ago•12 min saved

Amazon expands LTL to all businesses, positioning as freight broker rather than carrier

Amazon announced a full-scale Less-Than-Truckload (LTL) service open to third-party shippers, moving from inbound-only to a hub-and-spoke pallet-delivery network with next-day pickup, same-day drop-trailer options, and real-time tracking. The expansion, under Amazon Freight within Amazon Supply Chain Services, broadens offerings to non‑Amazon shippers and could position Amazon as a freight broker rather than an asset-based LTL carrier, potentially disrupting traditional carriers and shifting competition toward freight brokers like C.H. Robinson and Echo Global Logistics.

via FreightWaves|

#amazon #brokerage #freight

politics5 months ago•6 min saved

Supreme Court Enables Lawsuits Against Trucking Brokers Over Unsafe Haulers

In a unanimous decision, the Supreme Court held that a trucking broker can be sued for negligent hiring of a dangerous hauler, rejecting industry efforts to shield brokers from liability and potentially pressuring brokers to vet carriers more carefully amid ongoing concerns about unsafe trucking practices and reconstituted “chameleon” carriers.

via CBS News|

#liability #note-extra-tag-not-allowed #politics

law5 months ago•1 min saved

Supreme Court lets driver sue freight broker in major trucking crash

The U.S. Supreme Court unanimously allowed Shawn Montgomery to sue CH Robinson, a major freight broker, for liability in a 2017 semi-truck crash that cost him part of his leg, a decision that could expand broker accountability and push for stronger trucking-safety practices across the industry.

via The Guardian|

#law #liability #logistics

business5 months ago•14 min saved

High Court expands liability for freight brokers in trucking safety ruling

The Supreme Court unanimously ruled that Shawn Montgomery can move forward with a lawsuit against freight broker C.H. Robinson over a 2017 semi-truck crash, applying a safety-regulations exception that could increase brokers’ liability and potentially raise insurance costs and consumer prices, though the decision does not guarantee a win and the industry warns of broader consequences.

via AP News|

#business #freight-brokers #liability

business6 months ago•4 min saved

Diesel Spike Pressures Small Truckers as Freight Boom Fades

Rising diesel prices—about 41% since the Iran-related conflict began to an average near $5.38 a gallon—are crushing cash flow for small owner-operators who pay the fuel bill and lack automatic surcharges, while many long-haul carriers shielded by contracts and hedging see steadier profits; with a post-pandemic oversupply and volatile spot rates, some independents are parking rigs as freight demand remains uncertain, even as a few survivors tighten budgets and push back on unprofitable loads.

via CNN|

#business #diesel #freight

business7 months ago•7 min saved

Diesel Spike Tests Small Truckers as Hormuz Crisis Fuels Higher Energy Costs

A surge in diesel prices driven by Iran’s conflict and the near-cessation of shipping through the Strait of Hormuz is squeezing small operators and potentially lifting inflation. While big carriers can shrug off costs via surcharges, independent truckers face tighter margins, delayed repairs, and pressure to raise freight rates, with broader risks to groceries and the economy if prices stay elevated.

via The Washington Post|

#business #diesel #energy-security

business7 months ago•313 min saved

Diesel surges faster than gas, reshaping costs from trucks to groceries

Diesel prices are rising much faster than gasoline amid an Iran-related energy shock, with winter heating oil demand also boosting diesel use. Diesel was around $4.60 a gallon—up about 22% since before the conflict—while regular gasoline rose about 16% to $3.45, and the gap could widen to $5 a gallon. The spike matters because diesel powers most freight, shipping and farming, meaning higher transport costs for goods and surcharges from UPS and other carriers. Farmers face pricier inputs like fertilizer, and the broader economy could see higher prices for everyday items as logistics costs climb.

via CNN|

#business #diesel #inflation

ev-and-future-tech8 months ago•49 min saved

Tesla Semi hits the street, fueling buzz about zero-emission trucking

Video of a Tesla Semi navigating public traffic highlights the truck’s zero-emission credentials and strong performance, with Tesla noting under-2 kWh per mile efficiency, up to 500 miles of range, and quick acceleration; viewers praise the potential for lower pollution and fuel costs, and some say the clip even inspires them to renew a Class A CDL, while references to diesel-truck emissions provide context.

via Yahoo! Autos|

#electric-trucks #ev-and-future-tech #fuel-savings

business1 year ago•4 min saved

Montgomery Transport Shuts Down Amid Bankruptcy

Montgomery Transport, a Birmingham-based flatbed trucking company, filed for Chapter 7 bankruptcy and shut down abruptly, impacting over 1,000 employees and leaving in-transit and warehouse deliveries in limbo, with many drivers stranded and uncertain about final payments and job status.

via TheStreet|

#abrupt-shutdown #bankruptcy #business

business1 year ago•5 min saved

Trucking Faces Challenges with Emerging Technologies

The trucking industry is increasingly adopting digital platforms and AI technology to improve efficiency and find work, but this shift raises concerns about falling wages, job security, and the need for better protections for drivers. While innovations like AI and driverless trucks promise energy and cost savings, they also pose potential threats to employment, highlighting a complex relationship between trucking and new technology.

via BBC|

#ai #business #digital-platforms

businesseducation2 years ago•4 min saved

"TikTok Trucker: The Golden Ticket Job Alternative to College"

A viral TikTok trucker, known as "Alex the Trucking Guy," has gained a large following by showcasing his life on the road as a trucker, promoting the industry as a lucrative alternative to a traditional college degree. With over 1.5 million followers across social media platforms, he emphasizes the financial benefits and freedom of the job, highlighting the potential for a stress-free life without student loan debt. While acknowledging the downsides, such as time away from family, he sees trucking as a "golden ticket job" for young individuals, touting the high pay and company-provided housing.

via Fox Business|

#businesseducation #career #college-alternatives