Leaders of the Class I freight rail companies seem to agree they must repair rifts with their employees, customers and the communities they serve in order to usher in “a new era in railroading.” When Joe Hinrichs started in his role as the president and CEO of CSX (NASDAQ: CSX) last fall, one comment he…
Most of the buzz around commercial truck electrification seems to focus on Class 8 models. Who’s ordering them? Where is the infrastructure to charge them? Other than a few lesser-known players like BYD and Nikola, the field belongs to the legacy players like Daimler Truck, Volvo and Paccar. That leaves a clearer field for startups…
Truck transportation jobs rose slightly between April and May but recent downward revisions mean that the net number of jobs in that sector over the last four months has declined. The figure released Friday by the Bureau of Labor Statistics reported that there were 1,609,200 seasonally adjusted jobs in the truck transportation sector in May. …
Less-than-truckload carrier Saia reported Friday another modest tonnage decline for the month of May, suggesting the worst of the industry’s demand degradation may be in the rearview. Saia (NASDAQ: SAIA) said tonnage was down 2% year over year (y/y) in May, the combination of a 4.2% decline in shipments and a 2.3% increase in weight…
Driver turnover. Fleet safety scores. Insurance premiums. A lot is riding on hiring, onboarding, training, and retaining the right drivers. Ongoing training supported by advanced technology that includes a telematics device makes all the difference. The most effective programs approach training as a continuously evolving process, not a once-and-done rite of passage for new drivers. ISAAC’s in-cab…