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Drivers Gain From Wage Race as Truckers Turn Away Cargo

Posted on Sep 27, 2014 in Career, Featured

Long-haul trucks account for about 38 percent of the $840 billion U.S. freight market, making drivers a crucial link in that economic chain. Tommy Walters, hauling lawnmowers to Rhode Island from Maryland with his Boston terrier Daisy riding shotgun, is feeling flush these days after the biggest raise of his 17-year trucking career. “Under the new pay scale, I’m looking at probably making over $60,000 a year,” Walters, 40, said by telephone while waiting for a tire repair in Hagerstown, Maryland. “That’s pretty exciting.” It’s a big step up from Walters’s usual $48,000 to $55,000, and he’s not alone in an industry where drivers’ wages haven’t kept pace with the national average. Long accustomed to driver shortages, U.S. companies now find themselves fattening up paychecks to retain employees and handle surging freight demand. U.S. Xpress Enterprises Inc., Walters’s employer,...

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Diesel Unchanged; Remains at Two-Year Low of $3.814

Posted on Sep 9, 2014 in Featured, Finance

  Diesel’s average U.S. pump price matched last week’s $3.814, still a two-year low, the Department of Energy reported Sept. 8. The price remains 16.7 cents less than this time last year and it has declined for nine consecutive weeks leading up to this week, according to DOE’s weekly survey of filling stations. The price also is still down 20.7 cents from the year’s high of $4.021 in March. The retail gasoline price declined 0.2 cents from the week before. Compared to last year’s figure, it’s down 13 cents, according to DOE. DOE surveys about 400 diesel filling stations and 800 gasoline stations every week to compile national average prices. Read...

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Study: Fuel efficiency efforts pay off for carriers

Posted on Sep 9, 2014 in Equipment, Featured, Finance, Technology

  An exhaustive study of major fleets concluded fuel costs were reduced an annual $7,200 per truck through fuel-efficient products and practices. The non-profit North American Council for Freight Efficiency researched use of 66 technologies and practices by CR England (No. 17 in the CCJ Top 250), Challenger Motor Freight (No. 79), Con-way Truckload (No. 5), Frito Lay, Paper Transport (No. 238), Ryder (No. 30), Schneider (No. 7), Werner (No. 10), Bison Transport (No. 68) and United Parcel Service (No. 1). Fifteen percent of the trucks in the study pulled refrigerated trailers. In 2010, NACFE created a best practices sharing methodology to learn from companies early adoption of practices or technology regarding anti-idling, chassis, tires/wheels and tractor/trailer aerodynamics. The science of aerodynamics isn’t new, but the industry has started to embrace more of late. But fuel efficiency percentage boosts...

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Omnitracs to acquire XRS for $178 million

Posted on Sep 4, 2014 in Equipment, Featured, Finance, Technology

  Omnitracs, a provider of fleet management systems to transportation and logistics companies, announced that it has agreed to acquire XRS Corporation. Subject to the terms and conditions of the definitive agreement, Omnitracs will pay $5.60 per share of XRS, which equates to $178 million in equity value. XRS Corp. delivers mobile software systems that it says help trucking companies manage their fleets, comply with regulations, and reduce operating costs. Starting in 2011, XRS started to migrate its platform to mobile devices for collecting and analyzing compliance and management data. “This agreement to purchase XRS represents another milestone in the renewed growth of Omnitracs and further demonstrates our continued commitment to retaining and advancing our position as the leading software provider within the transportation and logistics industry,” said John Graham, CEO of Omnitracs. “XRS has built a significant business...

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Pilot, trucking co. plaintiffs in fuel rebate lawsuits to meet Nov. 19 to negotiate settlement

Posted on Sep 4, 2014 in Featured, Finance, Regulatory

  Pilot Flying J and the seven trucking companies who opted out of a 2013 class-action settlement with the company to sue it separately will meet Nov. 19 to negotiate a settlement. Magistrate Judge Gregory Wehrman of the U.S. District Court in the Eastern District of Kentucky issued the order Aug. 12, who ordered the parties involved in the case to meet to “negotiate and approve a settlement in this matter.” The cases were ordered to mediation July 30 by U.S. District Judge Amul Thapar, who referred the case to Wehrman. Pilot Flying J has entered into an agreement with the U.S. Justice Department to resolve the criminal investigation into the company’s fraudulent rebate withholding scheme, … Pilot Flying J finalized an $85 million class-action settlement in November of last year with 5,500 trucking companies. Seven trucking companies, however,...

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ATA Management Conference & Exhibition

Posted on Aug 28, 2014 in Career, Featured

Get the answers you need to run your company efficiently and profitably at the 2014 ATA Management Conference & Exhibition! Conference Registration...

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