According to Transportation Secretary Mary Peters, by the end of September, the highway trust fund should run out of funds. This, in turn, will delay payments normally made to states for construction and transportation projects. This fund is a federally backed… Read more
Since oil prices peaked at their high of $150 per barrel, they have taken a nosedive of 30% as of late. So, oil ministers from OPEC are debating whether or not to cut oil production in order to stabilize its price. While no major cutbacks are predicted, a move like this could not have been dreamt of… Read more
Filed under Blog, Cost of doing business, General by admin
A landmark court ruling was recently issued which was seen by the OOIDA as a groundbreaking victory in the continual battle between big businesses interest and the interest of citizens. A panel of three judges from the U.S. Court of Appeals, 11th circuit, decided that a trial court judge had in fact erred when handling an OOIDA case which had been brought against Landstar System Inc. With this ruling, it seems the judges from the Court of Appeals have made quite a bold statement about… Read more
Continental Tire North America Inc. and Bridgestone Bandag Tire Solutions have both decided that it was necessary to raise prices on all of their North American truck tire lines. This may have a negative impact on Class A truck driving jobs and CDL truck driving jobs as well. In fact, around the end of August, truckers who purchased their truck tires from Bridgestone Bandag Tire Solutions paid roughly 6% more than they ever did in the past few years… Read more
Filed under Blog, Cost of doing business, Maintenance by admin
Daimler’s truck division has taken the wraps off the Detroit Diesel DD13, the second of what will become a four-displacement family of the Heavy Duty Engine Platform (HDEP). The HDEP family will include 10.6-, 12.8-, 14.8- and 15.6-liter displacements eventually. The latter three are to have tentative availability in NAFTA countries, the two smaller ones are earmarked for Europe and Japan, while making all four available in North America is under discussion… Read more
Filed under Blog, New Products by admin
According to the American Trucking Association’s “US Truck Driver Shortage: Analysis and Forecasts” report, there is a nationwide shortage of 20,000 CDL long-haul truckers. If current demographics continue, the shortage will reach 111,000 by the year 2014… Read more
Despite dismal second-quarter profits for Tonitown’s transporation services provider P.A.M, industry analysts see a turnaround for the trucking industry segment. P.A.M. showed a net income loss of $1.33 million in the second fiscal quarter, compared to a $2.19 million net gain in the same period last year… Read more
Filed under Blog, Cost of doing business by admin
Seeing its chance and capitalizing on the timing, the Federal Motor Carrier Safety Administration (FMCSA), Washington DC, opportunely decided to announce it was extending the unpopular cross-border trucking pilot program for another two years. Most fortuitously for the Administration, Congress was out of town for its summer recess. The Owner-Operator Independent Drivers Association (OOIDA)… Read more
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