News, Trucking Feed

Fed reports trucking growing at moderate pace in recent months

The Federal Reserve reports trucking is keeping pace with the slight to moderate economic gains most U.S. regions have experienced since May.

Prices, wages, employment and consumer spending grew during the five-week period ending June 30 and is expected to continue upcoming months. The Fed summarized anecdotal information gathered from economic and business contacts in 12 service districts in this month’s Beige Book, published eight times a year.

The Richmond, Va., district reported stronger than seasonal increases in shipments during the second quarter. Growth has become less volatile, with sequential increases in shipments from March to June after an extended period of “up one month, down the next” for freight.

via www.ccjdigital.com

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Trucking could benefit as freight market keeps improving

The Trucking Conditions Index (TCI) compiled monthly by research firm FTR Transportation Intelligence remained “basically unchanged” in May but also indicates that a strengthening spot market indicates that freight conditions for trucking companies are becoming more positive.

via trucker.com

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Employment, Job Help - Coralville Courier - Trucking Jobs

Koch Trucking
 
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via www.coralvillecourier.com


Forecasting more mergers and acquisitions for trucking

It’s been bandied about for a while within industry circles that there may just be too many trucks on the road right now compared to the level of freight demand; a reason cited by more than a few observers for the downward pressure on rates motor carriers have experienced for much of the year.

Indeed, Marc Althen, president of Penske Logistics, estimated during the unveiling of the annual State of Logistics report back in June that there are some 115,000 “surplus” Class 8 trucks operating on the road today, up from 75,000 a year ago.

via fleetowner.com

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Swift launches Edge proprietary program to develop leaders

PHOENIX — In recognition of the company’s 50 years as a full truckload carrier, Swift Transportation Co. has launched Edge, a proprietary leadership development program designed to incubate Swift leaders.

EDGE — which stands for education, discipline, guidance, experience — is an intensive, 18-month program that provides individuals with the curriculum and practical use needed to succeed in the trucking industry, according to a Swift news release.

“When it comes to leadership, most individuals come into a role with experience, but no practical leadership training, setting them up to fail in a position where they should flourish,” said Becky Tooley, director of leadership and organizational performance. “Edge gives our leaders the toolkit they need to enhance their skills and positively impact our drivers across the country.”

via www.thetrucker.com

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HALL OF FAME: August Fruehauf helped create trucking industry

In 1914, Detroit blacksmith and carriage maker August Fruehauf and his employee Otto Neumann were approached by Frederic Sibley, a local lumber manufacturer who was looking for a way to transport his boat. But instead of moving the boat with a horse-drawn wagon, Sibley wanted Fruehauf to rig Sibley's Ford Model T to tow the vessel. 

Fruehauf removed the back seat of Sibley's Model T and installed a hitch mechanism for a trailer above the chassis.  Fruehauf's invention, dubbed the "semitrailer," was the start of a new industry. Four years later, he founded Fruehauf Trailer Co., which grew into the largest semitrailer manufacturer in the world.

via www.autonews.com

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