Trucking company owners waste an average of $9,700 per driver per year on poor processes and tools, according to BeyondTrucks Insights. The report suggests that process re-engineering and automation can help to address these costs, which can be up to twice the net margin for carriers. The report also looks at the impact of poor processes and tools on driver turnover and customer losses, and the differences in the root causes of process costs based on company size.Â
January 1, 2023Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Kansas Section of Keystone Pipeline Restored After Spill
A pipeline operator put a damaged section in Kansas back into service Dec. 29, a little more than three weeks after a spill dumped 14,000 bathtubs’ worth of crude oil into a rural creek.
December 29, 2022Rural Freight Corridors Among $273.9 Million in Grant Funding
The U.S. Department of Transportation has awarded $273.9 million to 12 projects that are designed to improve safety and freight movement on rural roadways in several states.
December 29, 2022Shippers Remain in Control of Rates, but 2023 Could Bring Balance
Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023.
December 29, 2022Kansas to Overhaul 33 Local, Off-System Bridges
Kansas officials announced $40.5 million in funding to overhaul 33 local and off-system bridge projects across the state.
December 29, 2022Treasury Signals Opening for Foreign Carmakers on EV Subsidy
The U.S. Treasury Department signaled some imported cars will qualify for electric vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.
December 29, 2022Florida’s Blue Innovations Group Betting on Electric Boats
As Tesla helped usher in electric cars, a Tampa Bay, Fla., company seeks to do the same for boating. Blue Innovations Group, founded by former Tesla global head of manufacturing Chuan “John” Vo, is working out of Pinellas Park on a 30-foot-long boat powered by only electricity.
December 29, 2022Ascend Adds Georgia Terminal
Ascend — a dry van, full truckload carrier that offers middle-mile supply chain solutions — announced it acquired a new terminal in McDonough, Ga.
December 29, 2022DOT Gets Funding Increase in $1.7 Trillion Federal Budget
The spending budget for the federal government’s fiscal 2023 includes an increase in funding for the Department of Transportation that is higher than the level requested by the White House.
December 28, 2022Toyota Hits Record November Output, but Shortages Loom
Toyota Motor Corp. said its global output hit a record for November, thanks in part to solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and spikes in COVID cases in China.
December 28, 2022Trending
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