Connect with us

Business

ES releases agenda for Success in Trucking Expo

Published

on

Es releases agenda for success in trucking expo
FedEx Custom Critical, Forward Air and Panther Premium Logistics, a service of ArcBest, are the exclusive motor carriers at the June 7-8 event to be held at the Indianapolis Motor Speedway complex. Pro Football Hall of Famer Anthony Muñoz will serve as the keynote speaker for the event. (Courtesy: ES)

MEMPHIS, Tenn. — ES, which offers capacity solutions and ownership opportunities within the trucking industry, has released programming details for the company’s inaugural Success In Trucking Expo (SITE), which will take place June 7-8 at the Indianapolis Motor Speedway complex.

The two-day agenda for the SITE has been designed specifically for professional drivers, owner-operators and fleet owners who have a desire to explore ownership opportunities or grow current operations, according to ES CEO Paul Williams.

Ellen Voie, the President & CEO of the Women In Trucking Association, is among an list of industry experts who have committed to participate in the SITE for 2019. Voie will be a part of an industry panel discussion that will bring together trucking experts, contract professional drivers, truck owners and fleet owners who are part of the ES Community. Among those joining Voie on the panel will be Brian McCoy, president of Stoops Freightliner, and Leah Shaver, the chief operating officer of the National Transportation Institute. The panel also will feature Chris Moran, Freightliner district sales manager, from Daimler Trucks of North America and Colton Lawrence, CEO of EQUINOX Owner-Operator Solutions.

Anthony Muñoz, a member of the Pro Football Hall of Fame and an entrepreneur with a long record of success for making a positive impact within Cincinnati and the surrounding communities, will highlight the opening session for the SITE, serving as the keynote speaker on the evening of June 7. The panel discussions and the presentations by the carriers participating in the SITE will take place the following day.

The ES Community motor carriers participating in the SITE will be FedEx Custom Critical, Forward Air and Panther Premium Logistics, a service of ArcBest. These three companies will be the exclusive motor carriers at the SITE, and each company will have a representative who will be making a presentation during the expo. Mike Abood, FedEx Custom Critical’s managing director of fleet operations, Nick Burch, Panther’s director of owner-operator recruiting, and Ryan Gilliam, Forward Air’s vice president of recruiting, have been chosen by their respective carriers as speakers for the 2019 SITE.

The attendees also will hear a presentation from Paul Williams and ES President Jason Williams, which will take place prior to the event’s final ride-and-drive session, which will be hosted by 2019 SITE Title Sponsor Stoops Freightliner.

“Over the past several months, we have been working very diligently to develop an event and programming for the Success In Trucking Expo that will be meaningful and have a positive impact for professional drivers interested in ownership as well as current owner-operators and fleet owners who are looking to grow their businesses,” said Jason Williams. “With the group of experts who will be coming to our SITE stage at the Indianapolis Motor Speedway complex, we are confident that everyone joining us for the inaugural edition of the SITE will take away the kind of knowledge and perspective that they will find helpful as they move forward in their trucking careers.”

In addition to participating in the industry panel discussion, Voie will be hosting the June 8 edition of her Women In Trucking Radio Show live and on location from the SITE. The WIT Radio Show is broadcast live every Saturday on SiriusXM’s Road Dog Trucking Radio channel from 11 a.m. to 1 p.m. Eastern time.

One of the unique features about the SITE is that ES is offering free hotel accommodations and free meals for pre-qualified expo registrants. A limited number of those slots are currently available for the event, and attendees receiving them will be chosen from the registration submissions ES receives. To learn more about registration for the SITE and the programming planned for the event, visit SuccessInTruckingExpo.com.

Continue Reading
Advertisement Best Truck Driving Jobs at Truck Job Seekers - Ad
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Fleet Focus: Fuel economy, maintenance must be considered for used trucks

Published

on

used truck with hood up
Equipment pricing must be weighed against fuel economy, anticipated maintenance costs and expected freight rates when considering the purchase of a used truck. (iStock Photo)

Small trucking businesses depend heavily on the used truck market but potential buyers trying to nail down the best choice are trying to hit a moving target. Prices fluctuate depending on economic conditions, freight availability and, increasingly, government mandates for emissions and fuel economy.

For much of 2019, the economy was expected to slow, possibly going into recession. New truck purchases added capacity to the market. Spot freight rates slowed and then began falling, followed by contract rates. Several large carriers shut their doors due to (take your pick) tightening markets, rising costs, mismanagement or malfeasance. In theory, the used truck market should have received an influx of trucks. It did.

According to a report from ACT Research, used truck sales declined by 15% in 2019 compared to 2018. Average prices declined too, by 7%, according to the same report.

“Dealers are reporting used truck sales have slowed and inventory levels are building, particularly with late-model aerodynamic sleepers,” said Steve Tam, vice president at ACT Research. “The price depreciation is largely the result of inventories that have grown due to more trades coming to dealers, slowing freight, and the cyclical nature of truck sales.”

While lower used truck prices may be attractive to smaller trucking businesses, including independent contractors, there’s a catch. In an effort to reduce emissions and increase fuel efficiency, the rules keep changing.

The year 2007 brought a huge change. Drivers and owners of new trucks complained of lost time and expense due to an issue older trucks didn’t have, regeneration of the particulate filter that replaced the muffler. Drivers of older trucks smiled as they passed new equipment sitting on the shoulder for a “regen” or waiting for a tow. 2006 models sold in record numbers as carriers “pre-bought” trucks during the last year the “old” technology would be available. When those trucks hit the used truck market, an event hastened by the recession of 2008, prices dropped due to the large number available.

Then 2010 brought a new set of standards and a product that drivers must have thought was a mechanic’s joke like “blinker fluid” or “muffler bearings.” New trucks were built with Selective Catalytic Reduction technology, necessitating the use of the now-familiar Diesel Exhaust Fluid (DEF). New trucks were more expensive but there was a tradeoff — fuel mileage was expected to improve, and it did.

However, the first phase of EPA standards continued until 2017. Manufacturers achieved more power from smaller engines, made better use of aerodynamic technology and increased use of auto-shift transmissions to get top performance from each vehicle.

While all this was happening, other technological advances increased safety levels. Collision mitigation systems that automatically apply brakes, lane departure warning systems, stability control and other safety features became standard equipment.

Trucks became safer as they became cleaner and more fuel efficient. Purchase prices rose, but increased fuel economy offset the price, according to the non-profit Transport & Environment, an international group that promotes moving to an emissions-free transportation network. According to a January 2018 report from the group, a truck purchased in 2017 cost $2,400 more than one bought in 2011 but provided $8,200 in fuel cost savings over the older model.

That was Phase 1 of the EPA’s plan. Phase 2 started in 2017 and ends in 2027. Another 10% improvement in fuel economy has been mandated, with improvements in emissions also required. In the meantime, advances in alternative fuel vehicles, including electric, will undoubtedly bring further changes to the industry, perhaps making diesel engines
obsolete in the not-so-distant future.

For the used truck shopper, the choices can be overwhelming. Buyers must consider more than simply price and mileage. Purchase price savings for a truck just a year or two older can be swallowed up in increased fuel costs. Plus, some states and metropolitan areas have restrictions on the type of equipment they allow to operate within their jurisdictions.

Large carriers with newer equipment can offer lower freight rates, making competition more difficult for an independent owner with an older truck. Insurers may offer lower rates for trucks equipped with modern safety equipment.

For drivers contemplating a used tractor purchase, research is more important than ever. The best deal available may not be the best decision. Before discussing price with a dealer, it may help to talk to carrier representatives, potential customers or other truckers with similar businesses.

Equipment pricing must be weighed against fuel economy, anticipated maintenance costs and expected freight rates. The advantageous choice could be the newer, more expensive model.

Continue Reading

Business

ATA truck tonnage index rose 0.1% in January, 0.8% higher than January 2019

Published

on

Ata truck tonnage index rose 0.1% in january, 0.8% higher than january 2019
Trucking serves as a barometer of the U.S. economy, representing 71.4% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. (iStock photo)

ARLINGTON, Va. – American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.1% in January after rising 0.5% in December. In January the index equaled 117.4 (2015=100), compared with 117.3 in December.

ATA recently revised the seasonally adjusted index back five years as part of its annual revision.

“Over the last two months the tonnage index has increased 0.6%, which is obviously good news,” said Bob Costello, ATA chief economist.

“However, after our annual revision, it is clear that tonnage peaked in July 2019 and, even with the recent gains, is down 1.8% since then,” he continued. “Softness in manufacturing and elevated inventories continue to weigh in on the truck-freight tonnage.”

Compared with January 2019, the SA index rose 0.8%, which was preceded by a 3.1% year-over-year gain in December. In 2019 the index was 3.3% above 2018.

The not-seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 114.6 in January, 1.1% above the December level (113.3). In calculating the index, 100 represents 2015. (Note: ATA’s tonnage data is dominated by contract freight.)

Trucking serves as a barometer of the U.S. economy, representing 71.4% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled 11.49 billion tons of freight in 2018. Motor carriers collected $796.7 billion, or 80.3%, of total revenue earned by all transport modes.

ATA calculates the tonnage index based on surveys from its membership, and has been doing so since the 1970s. This is a preliminary figure and is subject to change in the final report issued around the fifth day of each month. The report includes month-to-month and year-over-year results, relevant economic comparisons and key financial indicators.

Continue Reading

Business

The Trucker Newspaper – February 15, 2020 – Digital Edition

Published

on

Continue Reading

Trending