May 26, 2020

Industry Update - May 26, 2020

Industry Update - May 26, 2020

By Aldous Aldwin

Load Volumes are Up by 7 Percent

Load volumes are up 7% versus last year even as import volumes are down. Traditional produce markets in the Southwest have contributed to the largest monthly changes in volumes (Tucson, Phoenix). The rapidly improving consumer spending data is also playing a role in this growth. The reopening of most states is unleashing the pent-up demand from Americans who have grown tired of being on house arrest.

Availability

Truck Availability Falls 17 Percent

The availability of trucks on the spot market dropped 17.5% even if spot freight volumes on major lanes continued to grow last week., This is a probable sign that capacity is shifting to the contract market as industries open up.

Pricing power remains with brokers and shippers.

Here are the national average spot rates through the week:

Van: $1.55 per mile, 8 cents lower than the April average
Flatbed: $1.86 per mile, 8 cents lower than April
Reefer: $1.97 per mile, 4 cents higher than April

Amazon

Amazon Invests $4 Billion to Keep Employees Safe

In a Youtube video posted by Amazon, it revealed to have allocated $4 Billion on COVID-related initiatives to get products to customers and keep employees safe. Here’s a breakdown of their initiatives.

Shipped 100 million masks to employees and partners
To deliver 6 million meals

Watch the full video below.

TagsTruckloads Load Board Loadboard Truck truck drivers Owner Operator trucking FMCSA Trucker Path Industry Update transportation Covid19

How to Start a Hotshot Trucking Business [p]Ever wondered how to be your own boss while enjoying beautiful sceneries across America? The freight industry is the backbone of America’s economy contributing more than <a href="https://tradingeconomics.com/united-states/gdp-from-transport">500 billion USD</a> every quarter and the numbers are increasing each year. It’s a lucrative industry which gives handsome rewards. However, it is not easy getting into traditional trucking due to the requirements needed.[/p] [p]What if there was a way to be a part of the trucking industry without dealing with all the hassle? The good news is there is a sure-fire way of being a part of the trucking industry and you can get started in a few days. What is it, you ask? The answer to that question is “Hotshot Trucking”. But there are still a few requirements before you are eligible to haul freight. Fortunately, these requirements are easy to complete and we will explain everything step by step below. [/p] <h2></h2> [p][b]What is Hotshot trucking? [/b][/p] [p]Hotshot truck drivers are freelancers who work privately carrying freight from one point to the other without any employer restrictions or scheduling restrictions. In other words, you are your boss and you can choose when to earn and how much to earn. All you need is a medium or heavy-duty truck with at least 7,000 pounds of hauling force and a trailer. A Dodge Ram 3500, a Toyota Tacoma, or any version of the Ford F-series truck can work well. [/p] [p]Currently, around 70% of the goods you can find on the shelves are transported by hotshot truckers and independent freight transporters. According to estimates, the trucking industry is expected to grow by 2.3% yearly till 2024. With freight volumes increasing day by day it is the perfect time to set up your own hotshot trucking business. [/p] [p][b]Pros and cons of Hotshot Trucking?[/b][/p] [p]Hotshot Trucking comes with a lot of advantages especially if you want to kick-off your trucking business easily. But be wary also of some limitations and trade-offs when entering this kind of trucking business. [/p] [img src="https://truckerpath.com/uploads/2020/10/How-to-Start-a-Hotshot-Trucking-Business-pros_and_cons_table.png" alt=""] [p][b]How to Begin?[/b][/p] [p]Now that you have a basic idea of hotshot trucking let’s get started on the specifics: [/p] <h2></h2> [p][b]Set up an LLC[/b][/p] [p]You need to set up a Limited Liability Company (LLC) and register it with your state. This is the first step in registering your business and it doesn't matter if you are working alone or if you intend to invite others to join in with you, setting up a legal company gives you many <a href="https://www.legalzoom.com/articles/advantages-of-an-llc">benefits</a> such as:[/p] <ul> <li>Limited personal liability</li> <li>Less paperwork</li> <li>Tax advantages</li> <li>Ownership and Management flexibility</li> <li>Flexible profit distribution</li> </ul> [p][b]Register With the Tax Authorities [/b][/p] [p]Once you have your LLC set up, the next step is to get a <a href="https://www.irs.gov/individuals/international-taxpayers/taxpayer-identification-numbers-tin">Tax ID</a> to go with your business. The tax ID or the Employer Identification Number (EIN) will allow you to receive checks and other forms of payments directly to your business account. That takes us to our next step. [/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/How-to-Start-a-Hotshot-Trucking-Business-make_a_business_bank_account.jpg" alt=""] [p][b]Make a Business Bank Account[/b][/p] [p]A separate bank account will allow you to divert all your business-related transactions to your business bank account. This allows you to keep track of your expenditures while also giving you the liberty to make and receive payments.[/p] [p][b]Apply for a CDL (optional)[/b][/p] [p]Hotshot trucking does not require a commercial driver’s license (CDL) since in most cases you won’t be exceeding the gross weight limit determined by the authorities. [/p] [p]You don’t need a CDL if: [/p] <ul> <li>If the total weight you are pulling is less than 10,000 pounds.</li> <li>If the combined weight of the vehicle and trailer is less than 26,000 pounds. </li> </ul> [p]Getting a CDL is no easy task. You have to enlist in a reputable training academy, go through several weeks of training, and then apply as well as pass the CDL exam. Therefore, it is better to forego this requirement in the early stages of your business but its best to acquire the license once your business is up and running. [/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/How-to-Start-a-Hotshot-Trucking-Business-acquire_relevant_equipment-1.jpg" alt=""] [p][b]Acquire Relevant Equipment [/b][/p] [p]As you know, hotshot trucking involves a lot of hauling and towing. It is important to have a sturdy and reliable truck if you want to save yourself a lot of grief later. You will need a good medium to heavy-duty truck with a lot of power (around 400HP) to pull at least a ton and a 30 ft. gooseneck flatbed trailer to begin. A decent truck can cost from $15,000 to $60,000. A good trailer costs from $7,000 to $25,000. It is up to you to decide how much you want to invest in the business initially. If you already have a truck at home and you don’t intend to get a CDL right away then you can save money by buying a cheap trailer and starting your business with minimum investment. [/p] <h2></h2> [p][b]Further Government Approvals [/b][/p] [p]It is a good idea to register your business with the Department of Transport (DOT) in your state and also with the federal authority if you intend to drive interstate. The state will provide you a DOT number and the federal government authority will give you a Motor Carrier (MC) number. These numbers must be emblazoned on the side of your vehicle. [/p] <h2></h2> [img src="https://truckerpath.com/uploads/2020/10/How-to-Start-a-Hotshot-Trucking-Business-getting_your_first_order.jpg" alt=""] [p][b]Getting Your First Order [/b][/p] [p]It’s often difficult to get your first order but there are resources available online that can help you out. You can sign-up and keep an eye out for potential contracts using <a href="https://truckerpath.com/truckloads/free-load-board/">loadboards</a>, which is an online marketplace where truck owner-operators, shippers, and freight brokers can post and search for loads. If a contract fits your requirements you can sign-up with them and begin your hotshot trucking journey. [/p] <h2></h2> [p][b]Conclusion [/b][/p] [p]It is not easy to start a business from scratch and accept profits from the get-go. However, if you work hard, complete all the requirements and stay motivated, you can slice through the initial difficulties and begin expanding and earning handsomely all while being your own boss. [/p] <h2></h2> <h2></h2> [p][b]By Aldous Aldwin[/b][/p]

Oct 09, 2020 • Carriers

COVID19: State of Trucking <h4>By Trucker Path</h4> <h3></h3> <h3></h3> <img src="https://truckerpath.com/uploads/2020/05/b5.png" alt="Trucker Path COVID19" /> <h3><strong>Trucker Path COVID-19 Initiatives</strong></h3> The Trucker Path team is actively monitoring the spread of the Coronavirus (COVID-19) and preparing resources to assist truckers as they help keep America running. <h2></h2> In addition to providing updates on the Trucker Path <a href="https://www.facebook.com/TruckerPath/">Facebook Page</a>, a dedicated COVID19 thread has been created in the official Trucker Path forum. <h2></h2> A COVID-19 Tracker has been introduced on the Trucker Path mobile app which is available on <a href="http://bit.ly/truckerpathios">iOS</a> and <a href="http://bit.ly/truckerpathdroid">Google Play</a>. This feature will enable truckers to easily check the spread of the Coronavirus and see insights both for America and abroad, with live updates on infections and recoveries. <h2></h2> Along side the COVID-19 Tracker is the COVID-19 Navigation Tool which has been integrated on the Turn-by-Turn feature to track the latest information regarding reported cases and infected areas and provide alternate routing. </a> <h2></h2> <h2></h2> <img src="https://truckerpath.com/uploads/2020/05/b7.jpeg" alt="FMCSA" /> <h3><strong>FMCSA Emergency Declaration to be extended until June 14</strong></h3> The agency's COVID-19 Emergency Declaration has been extended until June 14. The original declaration was set to expire last Friday. Full announcement can be found <a href="https://www.fmcsa.dot.gov/emergency/extension-expanded-emergency-declaration-no-2020-002-under-49-cfr-ss-39025">here</a>. <h2></h2> FMCSA’s emergency declaration provides for regulatory relief for commercial motor vehicle operations providing direct assistance supporting emergency relief efforts intended to meet immediate needs for: Medical supplies and equipment related to the testing, diagnosis and treatment of COVID-19 Supplies and equipment necessary for community safety, sanitation, and prevention of community transmission of COVID-19 such as masks, gloves, hand sanitizer, soap and disinfectants Food, paper products and other groceries for emergency restocking of distribution centers or stores Immediate precursor raw materials — such as paper, plastic or alcohol—that are required and to be used for the manufacture of essential items Fuel Equipment, supplies and persons needed to establish and manage temporary housing or quarantines Persons designated by federal, state or local authorities for medical, isolation, or quarantine purposes Persons necessary to provide other medical or emergency services </a> <h3></h3> <h2></h2> <img src="https://truckerpath.com/uploads/2020/05/b6.jpeg" alt="CDC" /> <h3><strong>CDC Guidelines for Long Haul Truck Drivers</strong></h3> The Center for Disease Control and Prevention has recently updated guidelines for long haul truck drivers in the wake of the COVID-19 pandemic. Here are some prescribed steps to avoid contamination and reduce spread. <ul> <li>Notify your supervisor and stay home if having symptoms.</li> <li>Make a plan with your employer and your family as to what to do if you become sick while you’re on the road. Include where to stop, where and how to seek medical advice and treatment, and plans for freight delivery.</li> <li>Limit close contact with others by maintaining a distance of at least 6 feet when possible.</li> <li>CDC recommends wearing cloth face coverings in public settings where other social distancing measures are difficult to maintain, especially in areas of significant community-based transmission. </li> <li>Clean and disinfect frequently touched surfaces on a routine basis.</li> <li>Practice proper hand hygiene. This is an important infection control measure. Wash your hands regularly with soap and water for at least 20 seconds, or use an alcohol-based hand sanitizer containing at least 60% alcohol.</li> <li>Avoid touching surfaces often touched by others when outside of the cab.</li> <li>Do not share personal protective equipment (PPE) (such as vests, safety glasses, hard hats),tools, phones, radios, or other personal items.</li> <li>Use pre-qualified truck stops or hotels identified by your employer as having appropriate COVID-19 protections.</li> <li>When team driving or ride-alongs are required, wear cloth face coverings inside the truck and avoid sharing bedding in the sleeper berth.</li> </ul> Full guidelines can be viewed <a href="https://www.cdc.gov/coronavirus/2019-ncov/community/organizations/long-haul-trucking.html">here</a>.

May 21, 2020 • Carriers

Industry Update - May 19, 2020 <h4>By Aldous Aldwin</h4> <h3></h3> <h3></h3> <img src="https://truckerpath.com/uploads/2020/05/b1.jpeg" alt="Truck Stops" /> <h3><strong>Truck Stops to Remain Open</strong></h3> As the nation endures the Covid-19 pandemic, <a href="https://www.ttnews.com/articles/truck-stops-remain-open-pandemic-despite-hit-bottom-line">truck stops have been working to ensure that drivers have a helping hand</a>. Some truck stops like Iowa 80 have enforced measures to limit the Covid-19 spread while keeping the showers and restrooms open. Loves installed plexiglass at all its stores, restaurants, and truck registers. Petro has remained open and has packaged their convenience store foods in a way that prioritizes customer safety. <h2></h2> <img src="https://truckerpath.com/uploads/2020/05/b2.jpeg" alt="FMCSA" /> <h3><strong>FMCSA HOS Rule Updates</strong></h3> The <a href="https://www.fmcsa.dot.gov/regulations/hours-service/hours-service-drivers-final-rule">Final Rule</a> features four key changes to existing Hours of Service requirements. <ul> <li>The Agency will increase safety and flexibility for the 30-minute break rule by requiring a break after 8 hours of consecutive driving and allowing the break to be satisfied by a driver using on-duty, not driving status, rather than off-duty status.</li> <li>The Agency will modify the sleeper-berth exception to allow drivers to split their required 10 hours off duty into two periods: an 8/2 split, or a 7/3 split—with neither period counting against the driver’s 14‑hour driving window.</li> <li>The Agency will modify the adverse driving conditions exception by extending by two hours the maximum window during which driving is permitted.</li> <li>The Agency will change the short-haul exception available to certain commercial drivers by lengthening the drivers’ maximum on‑duty period from 12 to 14 hours and extending the distance limit within which the driver may operate from 100 air miles to 150 air miles.</li> </ul> <h3></h3> <img src="https://truckerpath.com/uploads/2020/05/b3.jpeg" alt="Jobs" /> <h3><strong>More than 80,000 Jobs Lost Last April</strong></h3> According to the<a href="https://www.bls.gov/news.release/empsit.t17.htm"> Bureau of Labor Statistics</a>, 88,300 jobs were lost in the trucking industry, a 6.2% year-over-year decline, as the entire economy continues to suffer due to the COVID-19 pandemic. It is estimated that around 60% of the jobs mentioned are drivers.

May 19, 2020 • Carriers