Operations Process
From the start of our partnership to the completion of a shipment, explore our operations process.
From the start of our partnership to the completion of a shipment, explore our operations process.
As we look back at July, we embrace the summer weather and the busy transportation season that comes with it. In a notable development, the benchmark diesel price reported by the Department of Energy’s/Energy Information Administration experienced a substantial one-week surge of 22.2 cents per gallon, marking as one of the largest. On another front, senators introduced a truck safety bill aiming to enhance truck safety standards and improve highway safety. Additionally, experts believe the combustion engine will continue to play a role as well as addressing fuel-related issues is crucial for sustainability.
There is growing demand to bring veterans into the trucking industry as technicians due to their valuable skills and work ethic gained from the military. IKEA is also set to squire Made4Net, a US based supply chain software and services platform that will enhance logistics operations. Finally, a group of investors plans to address the truck parking issue by converting closed drive-in theaters to provide over 40,000 large parking spots.
As we reflect on the month of June, we can embrace the arrival of warm weather and the summer season. Logistics costs in the United States witnessed a significant increase in 2022 due to higher transportation expenses. This surge in costs presents challenges for businesses and reflects the impact of supply chain disruptions and inflationary pressures. After a major structural issue caused by a tanker crash and explosion, I-95 in Philadelphia has reopened, providing relief to commuters, and restoring a crucial transportation route. President Biden’s infrastructure plan seeks to invest funding to modernize infrastructure, create jobs, and promote sustainable development, although it faces obstacles in gaining support and securement.
Additionally Continental Tires tests and develops technologies to enhance safety and efficiency. The freight industry sees three emerging trends: AI, paperless trade, and supply chain finance. Used Class 8 truck sales declined in May due to factors like chip shortages and supply chain disruptions, while recovery is anticipated. As June draws to an end, this ever-evolving industry keeps moving forward with daily developments and continuous advancements, overcoming challenges every day.
Warm weather and summer are finally here, as we look back at the month of May. The US natural gas sector is removing rigs due to oversupply and falling prices, leading to reduced production and drilling, while the Alligator River Bridge in North Carolina is being converted to a fixed span, saving truckers costs and eliminating long detour. Truckers also plan to boycott freight transportation to Florida, opposing the state’s law on migrants that invalidates out-of-state driver’s licenses and mandates work authorization verifications.
Additionally, truck drivers in PA face a severe shortage of safe parking spaces, making it one of the most challenging states for finding reliable parking. A new battery swapping company has quietly deployed quick charging swap stations in the Bay Area, offering an effective alternative for ride sharing and delivery fleets without home charging capabilities. As May comes to a close, this dynamic industry continues to experience daily progress and ongoing advancements.Â
April saw many events take place to prepare the industry for success as warmer weather and summer approaches. From changes in truck driving recruitment to energy storage on wheels, explore the latest in April’s market report.
In preparation for warmer weather and an April full of moving freight; many events took place in March to set the industry up for long-term success. Explore the March market update in the latest Back it Up.
Renewing fuel transport orders, resolving brokerage countrywide issues, expanding technology, investigating self-driving vehicles all made for an impactful month in transportation. Explore these and more in February’s Back it Up.
Managing smarter ocean port processes, exploring sustainable heavy trucks, breaking ice in the Great Lakes, fluctuating diesel prices, and a pocket guide wrapping up all the transportation industry trends, come together to make up this first month of 2023.
How do baby formula shortage, rising gas prices, electric vehicle push, and advocacy for legal immigration come together? May’s Back it Up analyzes their connection, the hiring need for infrastructure jobs, and more.
Many individuals are attempting to read the future of the transportation market but each industry and every person has a different prediction. Predictions range from a looming freight recession to constant freight movement until the end of Summer.