News, Trucking Feed

Swift, Knight shareholders approve merger

Shareholders for Knight Transportation and Swift Transportation, two of the country’s largest trucking fleets on course for a merger this year, have approved the deal made between the two companies. The merger is expected to close Sept. 8.

In separate votes held this week, shareholders for both companies stamped approval on the deal. The two Phoenix-based carriers announced the merger deal April 8. The newly formed company, to be called Knight-Swift Transportation Holdings, will operate about 30,000 tractors and could see annual revenues of $7 billion or more. Terms of the merger deal were not disclosed, but Swift shareholders will retain 54 percent ownership of the company, and Knight shareholders will have 46 percent.

via www.ccjdigital.com

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Blockchain Can Overhaul Trucking

The statement, “The trucking industry is the lifeblood of the U.S. economy. Over 70% of all the freight tonnage moved in the U.S. goes on trucks. Without the industry and our truck drivers, the economy would come to a standstill. Simply – without trucks, America stops,” by American Trucking Associations (ATA) underlines the critical role of the trucking industry in the world’s largest economy.

Each day, millions of trucks move on the roads, contributing a significant part to businesses as well as the national and global economy. In the U.S., data suggests that trucks moved 10.42 billion tons of freight—70.6% of all domestic freight tonnage during 2016, generating $676.2 billion, or 79.8% of the nation’s freight bill. Further, trucking-related jobs extend a source of livelihood to around 7.4 million people.

The present trucking industry is as intricate as the road map of a nation. The involvement of multiple entities such as transporters, suppliers, manufacturers, distributors, dealers, financers, insurers and customers add to multiple layers, and often, opaqueness and errors in the process.

via www.nasdaq.com

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Northwest Kansans rally to assist hurricane victims

Overwhelmed.

In a word, that’s how organizers of a cash and supply drive to benefit Texas victims of Hurricane Harvey felt Friday as they surveyed the thousands of items given by Hays-area residents who were eager to help.

“I’m at a loss of words,” said Paige Fischer, who helped her family organize a supply drive at Golden Plains Trucking in Hays last week. “I didn’t think we’d have this much.”

Supplies were collected from area residents and businesses from Tuesday to Friday, and they even had to upsize to a larger trailer to haul all the provisions to the San Antonio Food Bank, which serves southeast Texas.

The Texas non-profit is in emergency response mode to assist Texas residents who were affected by the hurricane, which directly hit some Gulf Coast communities and caused extreme flooding in the Houston area.

via www.ottawaherald.com

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Anderson Trucking redirects use of fleet to haul Harvey relief supplies

Anderson Trucking Service Inc. announced Friday that it will be redirecting more than 200 trucks from its fleet to help deliver relief supplies to areas affected by Hurricane Harvey.

The family-owned company said that beginning next week, it will dedicate between 15 and 20 percent of its fleet  — 220 ATS vans and flatbed trailers — for the delivery of food, water and other essentials. Marketing spokeswoman Brenda Schermerhorn said the hauler will be paid.

via www.sctimes.com

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Cedar Rapids trucking company launches drive to aid Harvey victims

CEDAR RAPIDS — Riley Larson says the devastation caused by Hurricane Harvey in Texas has hit close to home for residents of Cedar Rapids who lived through the 2008 and 2016 floods.

“Anytime you’ve had experience with something like this, it is really amplified,” said Larson, general manager at JMS Transportation, a Cedar Rapids trucking company owned by his parents, Shelly and Scott Larson.

In response to Harvey — a storm that has dumped more than 50 inches of rain on the Houston area and claimed numerous lives — JMS Transportation has organized a supply drive with plans to pack a 53-foot trailer that will head to Texas next week.

“I have a friend in Houston who is volunteering at one of the shelters there,” said Riley Larson. “He’s been keeping me up to date on what is needed.”

via www.thegazette.com

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Javier Baez, Ian Happ lead Cubs past Pirates

CHICAGO -- Rookie Ian Happ drove in four runs and joined the 20-homer club while Javier Baez added a two-run double and stole home to spark the Cubs to a 17-3 victory over the Pirates on Wednesday and complete a sweep.

Kyle Schwarber belted a pair of two-run homers and Anthony Rizzo added his 31st blast of the season to help the Cubs improve to a season-high 12 games over .500 and maintain a 3 1/2-game lead over the Brewers in the National League Central.

via m.mlb.com


3 military vets named finalists for trucking's top rookie

Three military veteran rookie truck drivers were named finalists in the “Transition Trucking: Driving for Excellence” program at the Great American Trucking Show in Dallas. 

Wayne Roy, a Marine Corps veteran driving for U.S. Xpress; Daniel Shonebarger, a Navy veteran driving for Melton Truck Lines; and Gregg Softy, an Army veteran driving for Stevens Transport, were named finalists in the program. Shonebarger was named the 2017 Trucking’s Top Rookie by Truckers News at GATS, as well.

via www.ccjdigital.com

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Werner Enterprises, Inc. (WERN) Stock Is a Trucking Industry Standout

Werner, which was founded in 1956 by its first driver, is a transportation and logistics company that has coverage throughout North America, Asia, Europe, South America, Africa and Australia. It’s among the five largest truckload carriers in the United States, with more than 8,700 drivers at the end of 2016.

While other trucking business execution numbers fell, WERN managed to maintain healthy revenue growth. It also saw much better margins thanks to lower deadhead (empty miles, higher average miles per truck and pricing power in transactional spot markets.

It’s important to note that the company’s interest in maintaining equipment through reinvesting has helped it manage an average truck fleet age of 1.7 years, which significantly decreases capital expenditures and depreciation expenses.

via investorplace.com

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Truckers see bumps ahead with stop rule

Long-haul truck driver Dale Warren has felt the squeeze of the hours of service regulations, the rules that govern how long a trucker can drive -- and how long he or she must rest.

"It's like having your boss with a stopwatch hovering over your shoulder," he said.

The purpose of the of HOS regulations is to prevent commercial drivers from becoming too tired behind the wheel, prevent crashes, and to keep traffic moving safely.

After roughly 10 hours, truckers must pull over, no matter where they are at the time, and rest for about eight hours. Truck stops are not always an option because they fill up fast around dusk. Some truckers park in vacant lots. Some risk being towed or ticketed for parking on the shoulders of highway ramps. In Arkansas it is illegal to park on the ramps.

Bridgette Pineda, 23, from North Carolina, started driving in April. She drives at night because fewer trucks are on the road with many parked in the congested stops and rest areas. It just makes more sense, she said, to avoid the hassle altogether.

"Some people usually have to shut down early just to get a parking spot," Pineda said.

via www.nwaonline.com

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R.I. Trucking Issues 'Call to Arms' Over Route Restrictions

The Rhode Island State Traffic Commission’s recent denial of a request to restrict tractor-trailers from certain secondary roads will galvanize companies to stand up against such regulations during the commission’s next hearing, said Chris Maxwell, president of the Rhode Island Trucking Association.

On Aug. 17, the traffic commission cast a 3-2 vote striking down the Rhode Island Department of Transportation’s plan to restrict tractor-trailers from using secondary roads. However, the commission will convene a hearing to reconsider the matter in early September.

Maxwell said he is rallying industry representatives to defend their case at the meeting.

via www.ttnews.com

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