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Expediter Services to launch Success In Trucking Expo in June

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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 available for the event, and attendees receiving them will be chosen from the registration submissions ES receives. (Courtesy: EXPEDITER SERVICES)

MEMPHIS, Tenn. — Expediter Services (ES), a provider of capacity solutions and ownership opportunities within the trucking industry, will present the inaugural Success In Trucking Expo (SITE) June 7-8 at the Indianapolis Motor Speedway Complex.

ES is committed to making the SITE a valuable and impactful annual event for professional drivers seeking opportunities in truck ownership, according to Jason Williams, president.

In addition, the event will also be focused on helping owner-operators and fleet owners upgrade and/or grow, he said, adding that the program format is being modeled after the successful series of ES events held during the past several years that focused on trucking’s expedited sector. While the SITE will touch on topics key to expediting, the new event from ES promises to take a broader look at the industry, placing a greater concentration on developments in general trucking — recognizing the growth the ES Community has experienced during the past three-plus years in the tractor-related service markets, Williams said.

Since it entered the expedited market in 2006, ES has utilized a working model that focuses on removing the barriers that hinder professional drivers from becoming truck owners and operating their own small businesses, Williams noted.

Through ES, qualified participants in the company’s programs have access to competitive, market-rate financing with a credit-evaluation process that puts an emphasis on attitude, aptitude, work ethic and work history, he said, noting that the ES model has proven to be an effective platform for contract drivers, owner-operators and fleet owners.

“As ES has grown to gain a presence in general trucking, we began to look at the possibility of expanding the group gatherings we held beyond the expedited sector. As 2019 approached, we felt the timing was right to launch the Success In Trucking Expo,” Williams said. “In planning this event, we are being very intentional to give the SITE a feel that is different from the traditional truck shows on the industry calendar. The SITE will be a much more personal, hands-on event that will be focused on connecting with professional contract drivers, owner-operators and fleet owners who are either looking to take the next step in their careers and become truck owners, or they are looking to upgrade or expand their current operations. One of the most important features of the SITE will be the opportunity to meet members of the ES Community, including many of the success stories who have taken the steps to launch small businesses in trucking.”

The program format of the SITE, with its speakers, roundtable discussions and chosen topics, has been designed to share industry knowledge and practical experience to benefit the attendees as they look to build, upgrade and expand their businesses, event organizers said.

“The motor carriers and vendors participating in the SITE have been hand-picked by ES because of their desire to help the attendees in reaching their goals within the trucking industry,” Williams said.

In addition to being surrounded by the history of the Indianapolis Motor Speedway, the kickoff of the SITE will draw additional star power from the sports world with Anthony Muñoz serving as the keynote speaker on the opening night. A member of the Pro Football Hall of Fame following his 13-year career with the Cincinnati Bengals, Muñoz is considered to be one of the greatest offensive linemen in the history of the National Football League. A former NFL Man of the Year for his commitment to his community, Muñoz launched the Anthony Muñoz Foundation in 2002. The organization has raised over $10 million in support of children’s programs across Cincinnati and the surrounding region.

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 available for the event, and attendees receiving them will be chosen from the registration submissions ES receives. The registration form and complete information on the event are available at www.SuccessInTruckingExpo.com.

“We sincerely value the time and effort it takes for people who are involved in the trucking industry to come off the road,” Williams said. “We are looking forward to working with everyone who is interested in attending and going through the registration and pre-qualification process with them. We’re counting the days until June 7. Our entire team at ES is committed to building the SITE into the place to be this June.”

To learn more about the Success In Trucking Expo, visit www.SuccessInTruckingExpo.com.

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ACT Research: Heavy duty markets at the edge of the precipice

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This graph by ACT Research shows freight growth will decline in 2020 and 2021 before accelerating in 2022, Class 8 truck productivity will remain in the negative through 2022 but will become less each year. (Courtesy: ACT RESEARCH)

COLUMBUS, Ind.  – According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, current data and anecdotes make a strong case that the heavy-duty vehicle markets are at the edge of the precipice.

“Since the start of this demand up-cycle in late 2017, we have targeted this year’s third quarter as the point at which the industry was likely to see production rollover,” said Kenny Vieth, ACT’s president and senior analyst. “That targeting was largely derived from historical precedent, with historical peak-level build lasting between 13 and 15 months. For the current cycle, we date peak build rates to June 2018, so August represents the 15th month of peak-level production.”

Regarding heavy vehicle demand, Vieth said, “At the heart of our cycle duration prediction, carrier profitability and production peaks always lag the freight cycle, so capacity building always accelerates relative to freight growth at exactly the wrong time, every time.

“Large new inventories and deteriorating freight and rate conditions suggest erring on the side of caution remains the right call, and we are warning those in the industry to be prepared for down weeks starting as early as fourth quarter.”

ACT Research is a publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies.

More information can be found at www.actresearch.net.

 

 

 

 

 

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FTR’s June Trucking Conditions Index up slightly but still negative

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An FTR executive said although rates remain weak for carriers, they appear at least to be stabilizing. (The Trucker file photo)

BLOOMINGTON, Ind. — FTR’s revised Trucking Conditions Index (TCI) showed a significant improvement in June but remained in slightly negative territory at a reading of -0.82, according to FTR.

Strengthening freight demand and lower diesel prices were offset by weak truckload rates and easing capacity utilization plus some higher financing costs that negatively affected carriers during the month.

FTR’s forecast for the TCI is for it to remain in low single-digit negative range into 2020, but some positive readings are possible during 2019.

Details of the revised TCI for June are found in the August issue of FTR’s Trucking Update, published July 31. The ‘Notes by the Dashboard Light’ section in the current issue explains how FTR’s July 2019 Freight•cast model update affects key FTR metrics on the trucking industry, including the TCI. Along with the TCI and ‘Notes by the Dashboard Light,’ the Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs and the truck driver situation.

“Although rates remain weak for carriers, they appear at least to be stabilizing,” said  Avery Vise, vice president of trucking. “Meanwhile, freight demand appears firmer in recent weeks than in early spring, but the outlook is far from rosy given a softening industrial sector. Our biggest near-term concern, however, is the potential impact of the trade war with China on consumer spending and business investment.”

The TCI tracks the changes representing five major conditions in the U.S. truck market. These conditions are freight volumes, freight rates, fleet capacity, fuel price, and financing. The individual metrics are combined into a single index indicating the industry’s overall health. A positive score represents good, optimistic conditions. Conversely, a negative score represents bad, pessimistic conditions. Readings near zero are consistent with a neutral operating environment, and double-digit readings (up or down) suggest significant operating changes are likely.

As noted, FTR in July completed a major update of its Freight•cast model, including both updated data and enhancements to the methodology. FTR traditionally has treated the TCI as a contemporaneous assessment of overall conditions at a point in time, so we have made very few changes to historical TCI readings. However, given the noticeably different freight volume and utilization metrics following the model update – especially during 2014 through today – we have restated the TCI back to January 2014. The historical revisions also reflect a more robust measure of market rates that FTR adopted in the spring of 2018. Directionally, the old and new TCI are largely correlated since mid-2016, but the updated TCI shows peak conditions occurring earlier in 2018 than the prior metric. Moreover, that peak range was not as strong and was shorter than previously indicated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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MVT Solutions offers no cost fuel efficiency reports

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Fleets currently relying on MVTS results include Hirschbach Motor Lines, Penske Truck Leasing, Nussbaum Transportation, Mesilla Valley Transportation, C.R. England and Charger Logistics. (Courtesy: MVT SOLUTIONS)

LAS CRUCES, N.M. — MVT Solutions, a provider of fuel economy testing and design and development services for the trucking industry, Thursday said that the test reports for its Certified Products are now available on a no-cost subscription basis.

“Receiving MVTS Certification is a mark of fuel efficiency excellence for a product and we feel strongly that the industry should have that information and the supporting test data in a timely manner and at no cost,” said Daryl Bear, lead engineer & COO at MVT Solutions. “In addition, the suppliers of the certified products have confidence that their results are being delivered by a trusted source to companies that are interested in their technologies.”

While MVT Solutions Certified Products’ Test Reports with the detailed test data on the latest fuel efficiency solutions for transportation companies are posted on the company’s website, the new subscription service ensures results are delivered automatically as soon as they are available giving fleets the ability to have the most up-to-date information, Bear said, adding that fleets currently relying on MVTS results include Hirschbach Motor Lines, Penske Truck Leasing, Nussbaum Transportation, Mesilla Valley Transportation, C.R. England and Charger Logistics.

Certified fuel economy testing by MVT Solutions was developed from race car engineering and advanced vehicle test methods using sensors and recording systems that collect data on fuel consumption, aerodynamics, rolling resistance, driver behavior and other variables that affect fuel consumption. The data is analyzed using proprietary methods.

Subscribing can be done via the MVT Solutions website or by following the company on LinkedIn.

MVT Solutions test reports for custom and developmental testing done for fleets or suppliers are released only with the permission of the company and are not part of the subscription service.

 

 

 

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