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Dennis Dillinger named president and CEO of Cargo Transporters

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From left, Dennis Dillinger is the new president and CEO of Cargo Transporters, Jerry Sigmon Jr. is now chief operating officers, Jerry Sigmon Sr. is executive vice president and Adam Heavner is the new vice president of sales. (Courtesy: CARGO TRANSPORTERS)

CLAREMONT, N.C. — John Pope, chairman of Cargo Transporters, said Monday Dennis Dellinger had been promoted to president and chief executive officer.

“Dennis has served the company for over 30 years in various capacities,” Pope said. “Year after year, he has proven to be an outstanding leader in our organization as well as the industry. He has a vision for what his operation should be and how to achieve those goals.”

Dillinger joined the company in 1986 at which time Cargo Transporters operated 36 tractors.  Previously, he held the office of president, vice president, director of operations, fleet leader, among others position.

Along with his current duties at Cargo Transporters, Dillinger serves on the board of directors and is a past chairman for the North Carolina Trucking Association. He is first vice chairman and sits on the board of directors for Truckload Carriers Association. He holds two positions within the American Trucking Associations — vice president at large on the board of directors and vice chair of the Safety Policy Committee. He also sits on the advisory board of The Trucking Alliance.

Dennis Dellinger, in his newly appointed position as president and CEO of Cargo Transporters announced multiple promotions within the company.

Jerry Sigmon Jr. is now the chief operating officer. Sigmon joined the Cargo team in 2000. He is responsible for all the-day-to day operations, including the staff, equipment and operating systems. He has six direct reports, and is responsible for operations, recruiting, customer service and logistics. In addition to his role at Cargo Transporters, Sigmon serves on the board of directors for the North Carolina Trucking Association, where he currently holds the office of chairman.

Adam Heavner has assumed the role of vice president of sales. Heavner began his career with Cargo in July 2008 after attending University North Carolina at Charlotte. Heavner will have four direct reports and is responsible for accounts receivables, pricing, rating and billing. He has previously been involved in all these areas.

Jerry Sigmon, Sr. will continue, in the role of executive vice president. He will be responsible for general operation analytics, strategic planning, budgets, models and macro pricing. He began his career with Cargo Transporters in 1982 as one of the original employees of the truckload carrier and was the company’s first manager of operations.  He and his wife, Janice live in Claremont. They are the parents of two sons, Jerry Jr. and Scott and the grandparents of four.

Cargo Transporters is a truckload carrier operating 525 trucks serving the continental U.S. Based in North Carolina, the company operates terminals in Claremont, Charlotte and Rocky Mount. The company employs over 700 people.

For more information visit www.cargotransporters.com

 

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Barr-Nunn creates new solo fleets, increased pay

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Barr-Nunn Transportation also offers an over-the road North fleet for those drivers living in West Virginia, Detroit, along with parts of Indiana, Wisconsin, and Iowa. (Courtesy: BARR-NUNN TRANSPORTATION)

GRANGER, Iowa — Barr-Nunn Transportation has created new solo fleets and increased pay.

For drivers living in the northeastern United States, Ohio and some of Indiana and Kentucky there are now two options for home time.

Drivers can be home every weekend for two days and earn a maximum starting pay of 60 cents per practical mile or drivers can be home every other weekend for three days and earn a maximum starting pay of 61 cents per practical mile.

Barr-Nunn Transportation also offers an over-the road North fleet for those drivers living in West Virginia, Detroit, along with parts of Indiana, Wisconsin, and Iowa.  These drivers are home every 18 days for four full days and can earn a top starting rate of 62 cents per practical mile to start.

In addition to these starting rates all company drivers receive CSA safety bonuses of $725 or $550 every 90 days plus PTO (vacation) along with the money.  Over-the-road company drivers can earn over two weeks of PTO (vacation) in their first year with Barr-Nunn and they start receiving this PTO after 30 days.

Blue Cross Blue Shield Insurance, 401(k) matching program, extra pay per mile on shorter hauls and paid life insurance are added benefits at Barr-Nunn.

For more information about Barr-Nunn Transportation visit their website at www.barrnunntruckingjobs.com or call 888-999-7576.

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FTR’s Shippers Conditions Index took step back in April

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The Shippers Conditions Index tracks the changes representing four major conditions in the U.S. full-load freight market including freight demand, freight rates, fleet capacity, and fuel price. (The Trucker file photo)

BLOOMINGTON, Ind. — FTR’s April Shippers Conditions Index (SCI) took a step back in April to a reading of 1.9, close to a full point below March.

The April SCI measure was negatively affected by stronger rail rates and higher fuel prices outweighing improved shipper conditions related to trucking.

The outlook shows strong shipper conditions through 2019 as the rate environment is expected to become more favorable.  Key factors to watch include fuel prices, truck utilization, and rail service.

“Shippers should continue to expect favorable conditions and an ability to easily get freight placed in the market,” said Todd Tranausky, vice president of rail and intermodal at FTR. “They will be aided by the relatively stable fuel prices through most of the rest of 2019 and somewhat slowing rail freight volumes.”

The Shippers Conditions Index tracks the changes representing four major conditions in the U.S. full-load freight market. These conditions are: freight demand, freight rates, fleet capacity, and fuel price. The individual metrics are combined into a single index that tracks the market conditions that influence the shippers’ freight transport environment. A positive score represents good, optimistic conditions. A negative score represents bad, pessimistic conditions. The index tells you the industry’s health at a glance. In life, running a fever is an indication of a health problem. It may not tell you exactly what’s wrong, but it alerts you to look deeper. Similarly, a reading well below zero on the FTR Trucking Conditions Index warns you of a problem…and readings high above zero spell opportunity. Readings near zero are consistent with a neutral operating environment. Double digit readings (both up or down) are warning signs for significant operating changes.

For more information about the work of FTR, visit www.FTRintel.com, follow us on Twitter @ftrintel, or call (888) 988-1699, ext. 1.

 

 

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ACT Research Trucking Index shows nearly across-the-board declines

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This chart shows the history of the Volume Index which dropped further into negative territory hitting 46.7 (SA), from 49.5 in April. (Courtesy: ACT RESEARCH)

COLUMBUS, Ind. — The latest release of ACT’s For-Hire Trucking Index showed nearly across-the-board declines, with capacity being the lone exception.

The Pricing Index fell considerably to 38.8, in May on a seasonally adjusted (SA) basis, the lowest in survey history, from 45.4 in April.

The Volume Index dropped further into negative territory hitting 46.7 (SA), from 49.5 in April. Fleet productivity/utilization slipped to 46.0 in May on a seasonally adjusted basis down from 49.4 in April, and capacity growth increased to 54.6, from April’s 54.3 reading.

“May’s Pricing Index was the fourth consecutive negative number after 30 straight months of expansion. This confirms our expectation that the annual bid season is not going well for truckers,” said Tim Denoyer, ACT Research’s vice president and senior analyst. “We continue to believe rates are under pressure from weak freight volumes and strong capacity growth.”

Volume in May fell for the sixth time in the past seven months, Denover said.

“The softness coincides with several other recent freight metrics, with the drop likely due in part to rapid growth of private fleets and the slowdown in the industrial sector of the economy,” he said. “The supply-demand balance reading loosened to 42.1, from 45.3 in April. The past seven consecutive readings have shown a deterioration in the supply-demand balance, with May the largest yet.”

The ACT Freight Forecast provides quarterly forecasts for the direction of volumes and contract rates through 2020 and annual forecasts through 2021 for the truckload, less-than-truckload and intermodal segments of the transportation industry.

For the truckload spot market, the report provides forecasts for the next 12 months.

ACT is a publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, major trucking and logistics firms, as well as the banking and investment community in North America, Europe, and China.

 

 

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