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ACT Research: Demand for Class 8 tractors strong as 2022 ends

COLUMBUS, Ind. – The North American Commercial Vehicle OUTLOOK report from ACT Research shows an anticipated surge in Class 8 tractor orders coupled with robust, pent-up demand at the year’s end. “In line with expectations, the industry has witnessed a surge of Class 8 orders,” Kenny Veith, ACT president and senior analyst, said. “The resulting growth in order backlogs supports higher production and gives OEMs and suppliers good visibility through (the first part of 2023).” Veith said that with strong demand in place and inflation metrics moderating, he is more convinced that first half build rates will be sustained deeper into 2023. “Supporting the upwards Class 8 revision, we have tempered the severity of the decline we anticipate in freight activity in 2023.” Veith said. “To be clear, we continue to expect a macro recession, and a slight year-over-year decline in Class 8 build, but recent economic reports and still strong Class 8 fundamentals have us thinking in a more encouraging direction.”

Freightflow TMS launches version 2.5

RENO, Nevada — Cloud-based fleet management software company Freightflow TMS has launched its newest version, known as 2.5. The company said in a news release that the software update includes “new features that aim to help customers automate and edit more elements of the load management process with real-time tracking data and analytics.” “The intent is reducing the number of manual tasks, double entries and errors,” the news release stated. The new version comes alongside a new look website “that represents the future direction of Freightflow, simple and intuitive technology to help automate the flow of fresh produce and reduce carbon footprint,” according to the news release. Freightflow CEO and founder Butch Peri said he is proud of the hard work dedicated to optimizing the software and is excited to see the new website. “Along with the appointment of Jack Colemanzo, the new director of sales and partnerships, we expect 2023 to be a great year helping fresh produce logistics teams automate processes, saving time, money and the planet along the way,” Peri said

Utility Trailer Manufacturing Company, Bendix mark 15-year partnership

AVON, Ohio – Utility Trailer Manufacturing Company marked 15 years of partnership with Bendix Commercial Vehicle Systems on Monday, Dec. 5. “Bendix’s partnership with Utility since 2007 is truly an example of what we mean when we say we’re shaping tomorrow’s transportation together,” Nicole Oreskovic, Bendix vice president of sales and marketing, said. “Yes, we’re a manufacturer and supplier, but we have also teamed up with Utility to develop and enhance trailer-specific products that have helped change the commercial vehicle landscape. There’s a sense of pride seeing Bendix-equipped Utility trailers out on the road: They’re a reminder of what’s been possible for the past decade and a half, and an inspiration for what’s to come.” Bendix is a North American developer and manufacturer of active safety and braking system technologies for commercial vehicles. Utility Trailer Manufacturing Company is the industry’s largest manufacturer of refrigerated trailers, as well as the oldest privately owned, family-operated trailer manufacturer in the U.S. Headquartered in City of Industry, California, Utility Trailer designs and builds dry freight vans, flatbeds, refrigerated vans, and curtain-sided trailers at six facilities across North America. “Both our companies have long, respected histories, and in all that time, our relationship with Bendix stands out,” Stephen Bennett, Utility Trailer Manufacturing Company COO and office of the president, said. “Like us, Bendix has an unequaled commitment to helping improve commercial vehicle safety for truck drivers, fleets, and everyone on the road around them. Seeing everyone home safely at the end of a trip is what we’re all about, and everything we’ve worked on with Bendix has been toward that goal.”

TuSimple, Navistar end co-development agreement

SAN DIEGO and LISLE, Ill. —TuSimple and Navistar announced on Monday, Dec. 5, an end to their co-development under the 2020 Joint Development Agreement. The decision to end the development agreement does not preclude the companies from working together in the future, a news release noted. “I decided to return as TuSimple’s CEO to address the challenges ahead and to set us on a path to long term stability,” TuSimple CEO Cheng Lu said. “We have proven our technology works, and I’m committed to addressing the concerns of stakeholders. I firmly believe in this company and its ability to improve the safety and efficiency of the trucking industry through world-class autonomous driving technology,” Navistar Vice President Srinivas Gowda said that Navistar “believes autonomous driving technologies will be a key component of a future transportation and logistics system and is committed to the development of a safe and efficient autonomous driving solution,”

Averitt named Carrier of the Year by Coca-Cola

COOKEVILLE, Tenn. — Averitt Express was recently honored by Coca-Cola’s Parts and Equipment division as its 2022 Supply Chain LTL Carrier of the Year. Coca-Cola presented the award during a special gathering at Averitt’s Dallas service center. “We are humbled to receive this honor from a globally recognized brand such as Coca-Cola,” said Kent Williams, Averitt’s executive vice president of sales and marketing. “Our team strives to deliver quality customer service, and we look forward to continuing our relationship with Coca-Cola by providing reliable, first-class transportation solutions.” Averitt handles Coca-Cola’s inbound equipment for its various soda dispensing machines, powering the soft drink maker’s supply chain efforts in the Dallas, San Antonio and Louisville areas. This marks the first time Averitt has earned LTL Carrier of the Year recognition from Coca-Cola.

Bridgestone Americas names new president of its Commercial Truck Group

NASHVILLE — Bridgestone Americas has named Steve Hoeft as president of its Commercial Truck Group, effective immediately. The Commercial Truck Group includes the company’s Truck & Bus Radial (TBR) business. Hoeft has been with Bridgestone since 2017 and previously served as chief operating officer for the Commercial Truck Group, a news release stated. In his new role, “Hoeft will be responsible for setting Bridgestone’s go-to-market strategy for the Bridgestone and Firestone commercial TBR business. Hoeft will also oversee a team that works closely with commercial original equipment manufacturers and fleet customers to deliver products, services and solutions that maximize uptime and make mobility safer, more sustainable and more efficient,” according to the news release. “Steve is an excellent leader and has been an integral part of the Commercial Truck Group leadership team for the last several years,” said Riccardo Cichi, president of Bridgestone’s core tire and chief sales officer. “As we continue our journey to become a world leader in sustainable mobility solutions, the commercial truck group will play a vital role with strategic partnerships and innovative solutions that propel Bridgestone into the future. We look forward to continued success under his leadership.” Hoeft joined Bridgestone in 2017 from Brinks Inc., where he served as senior vice president and general manager of operations and product development. He was responsible for all operations in the U.S. and Canada. Before that, Hoeft spent five years working at Advance Auto Parts in management roles of increasing responsibility. Hoeft holds a bachelor’s degree in business administration from Cleary University and an MBA from the University of Michigan’s Ross School of Business. Hoeft succeeds Chris Ripani, who led the Commercial Truck Group since 2020.

Uber Freight, Aurora add autonomous trucking routes in Texas

DALLAS — Uber Freight and Aurora have announced that they will be autonomously hauling freight between Dallas/Fort Worth and El Paso, Texas, for packing solutions distributor Veritiv through and beyond the 2022 holiday season. According to a news release, the “collaboration brings together the power of Aurora Horizon, Aurora’s autonomous trucking service, with the scale of Uber Freight’s logistics network to unlock autonomous volume for carriers and provide a unique and optimal environment for customers like Veritiv to deliver goods efficiently and reliably in any market condition.” These autonomous rigs still have human drivers, using them in what Uber Freight and Aurora officials describe as “a hybrid model, with self-driving trucks handling the long-haul middle mile and local carriers from the Uber Freight platform on the shorter first-and last-mile hauls.” Mike Walkenhorst, senior vice president of global operations and developing businesses for Veritiv, said that his company’s next-generation supply chain strategy is to create and sustain a competitive advantage in operations with innovative and efficient technologies. “This autonomous vehicle pilot aligns with our strategy to assess new technologies to determine the best fit for our business and our customers. We are proud to be at the forefront of testing this technology,” he added. In the pilot, packaging products and goods are autonomously driven to Veritiv warehouses, including retailers, schools and healthcare providers in western Texas and New Mexico. These packages are autonomously transported more than 600 miles between Aurora’s terminals. The three companies will closely monitor and examine data on delivery efficiency, transit times, operations at the transfer hubs, autonomous capabilities and performance and customer satisfaction, according to the news release. Uber Freight called these data points “instrumental in creating a blueprint for how autonomous trucks will be seamlessly integrated and safely deployed and scaled across the Uber Freight network in the coming years.” “Our extensive and efficient digital marketplace is a key ingredient for autonomous freight deployment,” said Lior Ron, CEO of Uber Freight. “As the preferred marketplace for autonomous trucks, we are incredibly excited to partner with these two companies laser-focused on paving the way for a hybrid network, together. It’s an honor to get in the trenches with Veritiv’s commitment to next-generation supply chains and Aurora’s best-in-class innovation to better understand how autonomous freight can and will become a reality.” Uber Freight’s multiphase commercial autonomous trucking pilot began in December 2021 “to better understand how the Aurora Driver will help carriers maximize fleet utilization, broaden opportunities to safely haul goods and streamline supply operations,” the news release stated. The pilot continues to grow, with autonomous loads more than doubling over the past year, the news release stated. “The holidays are a challenging time for the logistics industry. We’re crafting Aurora Horizon to help carriers of all sizes alleviate some of the supply chain pressures that typically accompany them,” said Sterling Anderson, chief product officer and co-founder of Aurora. “Deploying our technology with the Uber Freight team over this 600-mile trip at the peak of the season is an outgrowth of our mutual commitment to ensure that Aurora Horizon can enable carriers of all sizes to safely and efficiently haul freight 24/7/365 on the Uber Freight network.”

Love’s celebrates 12 Days of Christmas with daily prizes for drivers, donation to St. Christopher 

OKLAHOMA CITY – Love’s Travel Stops is celebrating professional drivers and the holiday season with its third annual 12 Days of Christmas giveaway. Customers can enter to win prizes daily on Love’s Facebook page, beginning Dec. 5. In addition to the daily giveaways, Love’s will donate $30,000 to the St. Christopher Truckers Fund (SCF), a charity that helps professional drivers and their families when an illness or injury has caused them to be out of work. “We’re excited to kick off our third annual 12 Days of Christmas giveaway as a way to give back to customers and to the St. Christopher Truckers Fund for the life-changing work their foundation does,” Jenny Love Meyer, chief culture officer and executive vice president of Love’s, said. “Thanks to our customers and employees, this year has been a year of milestone achievements, and this is a small way to say ‘thank you’ and show appreciation for that.” From Dec. 5-16, customers can enter daily on Love’s Facebook page for chances to win items like a portable monitor for Nintendo switch, ice maker, Coleman cooler, Mobile to Go Zone bundle and more. On Dec. 16, the grand prize of 100,000 My Love Reward points (equivalent to $1,000) will be given away to one lucky driver. “We are thankful to, once again, join forces with Love’s for this holiday promotion that gives back to the drivers that give so much to us throughout the entire year,” Shannon Currier, SCF director of philanthropy, said. “In this season of generosity, Love’s continues to go above and beyond to support the drivers and their families that are impacted by injury or illness. Thank you, Love’s, for being a part of the SCF family.” For more information on Love’s 12 Days of Christmas, visit facebook.com/lovestravelstops.  

Truck Supply Company of South Carolina expands into St. Louis

ST. LOUIS — HDA Truck Pride member Truck Supply of South Carolina has announced an expansion into the St. Louis market with their purchase of fellow HDA Truck Pride member Tractor Trailer Supply. The St. Louis location will take on its new name, Truck Supply Company of Missouri, according to a news release. “Not only are we very excited to bring over 60 years of heavy-duty truck parts and exceptional customer service to St. Louis, but we’re also excited to have a knowledgeable and experienced staff,” Edward Neeley, owner of Truck Supply Company of South Carolina and board chairman for HDA Truck Pride, said. “Combining their knowledge of the customer base and St Louis marketplace with our reputation for exceptional focus on servicing the customer’s needs makes this a dynamic win for all of us. We are playing an integral part in ensuring this member location stays within the HDA Truck Pride family as we continue to grow.” Truck Supply Company of South Carolina has four locations across the state of South Carolina, including three locations in Columbia, South Carolina, as well as one in Sumter, South Carolina. “It’s ideal to have an entity stay within the HDA Truck Pride family. In this specific situation, it’s amazing to witness the breath of new life and excitement that Truck Supply has brought to St Louis,” Tina Hubbard, president and CEO of HDA Truck Pride, said. “We look forward to seeing the growth that Truck Supply will bring to their new Missouri location.”

Shippers Coalition calls for quick action to prevent railroad strike

WASHINGTON – The Shippers Coalition is calling on Congress, the White House, railroads and union leaders to act quickly to prevent a rail strike from further damaging an already fragile supply chain. “Our coalition members are already struggling to cope with historically poor and costly freight rail service with no relief in sight,” said Alexis Oberg, Deputy Director of the Shippers Coalition. “The nation’s supply chain is at a breaking point, and it cannot take another disruption from a rail strike. We need all parties to come together and find a solution that prevents a strike from shutting down the economy.” The U.S. House moved urgently to head off the looming nationwide rail strike on Wednesday, passing a bill that would bind companies and workers to a proposed settlement that was reached in September but rejected by some of the 12 unions involved. The measure passed by a vote of 290-137 and now heads to the Senate. If approved there, it will be signed by President Joe Biden, who urged the Senate to act swiftly. The Shippers Coalition said the impact of a strike on the country’s economy would be $2 billion a day and would reverberate through all sectors to every corner of the United States. The Shippers Coalition represents companies and trade associations in the agriculture, chemical, manufacturing and food and beverage industries, all of which would be impacted by a strike. According to the American Chemistry Council, a member of the Shippers Coalition, a month- long strike would trigger the loss of 700,000 jobs across multiple industries, spike inflation with a four percent increase to the Producer Price Index, and pull almost $160 billion out of the economy. “On behalf of companies throughout the U.S. dairy industry, the International Dairy Foods Association stands with other members of the Shippers Coalition in calling on Congress to step in and negotiate an agreement between rail carriers and their employees that protects our nation’s food and economic security,” said Michael Dykes, D.V.M., IDFA president and CEO. “A strike would devastate our nation’s dairy industry, which employs more than 3.3 million Americans and relies on rail carriers to move nutritious, wholesome, and perishable dairy products to destinations throughout the country and to ports for export around the world. Congress must act without delay to prevent our nation’s food supply chain from collapsing.”

Bestpass acquires e-filing system ExpressTruckTax

ALBANY, N.Y.— Bestpass Inc. has acquired ExpressTruckTax, an e-filing system for truckers, fleet owners and tax preparers for e-filing forms 2290 and 2290 amendments. Bestpass is acquiring ExpressTruckTax from SPAN Enterprises, a news release noted. The acquisition of ExpressTruckTax adds to Bestpass’s service to its more than 15,000 fleets and owner-operators. “We are thrilled to add ExpressTruckTax, the industry’s leading HVUT solution supporting 200,000 customers, to the Bestpass product offering for fleet managers,” Tom Fogarty, Bestpass CEO, said. “Bestpass has been well recognized as the leading toll management solution for trucking fleets and owners, and this is another step to provide more value to our customers. The team at SPAN has built an excellent product, and I am delighted to build HVUT e-filing and payments into our comprehensive mobility payments solution.” Truckers and fleet owners are required to pay Heavy Vehicle Use Tax and file Form 2290 annually with the IRS to remain in good standing. This annual tax is levied on all heavy vehicles weighing 55,000 pounds or more that operate on public highways. For fleets of 25 trucks or more, e-filing Form 2290 is required, but for fleets or owner-operators with less than 25 trucks, the IRS prefers e-filing. With the 2290 e-filing solution from ExpressTruckTax, drivers can file their forms electronically and take advantage of built-in error checks that aim to improve accuracy of filings. “Over the past decade we have grown ExpressTruckTax from an idea to the industry leader for Form 2290 E-Filing. It’s a credit to the passion shown by our talented team over the years,” Agie Sundaram, CEO of SPAN Enterprises, said. “Not only is ExpressTruckTax the market leader, but thanks to my fellow co-founder, Naga Palanisamy, it is also the most secure and technologically superior e-file platform. With Bestpass, ExpressTruckTax will continue to grow and diversify its offerings in a way that benefits our clients and partners.”

ACT Research: Weak economic numbers, high interest make little impact on commercial vehicle sector

COLUMBUS, Ind.  – Recent weak economic numbers and higher interest rates do not seem to have impacted the commercial vehicle sector in any meaningful form, according to this quarter’s issue of ACT Research’s Trailer Components & Raw Materials Forecast. Demand remains strong. “Recent discussions indicate US trailer OEM business conditions are on-par with September and seem to be getting better,” Jennifer McNealy, director of commercial vehicle market research and publications at ACT Research, said. “Demand remains healthy, cancellations are low, and material/component supply-chain constraints are narrowing. With the availability of 2023 build slots varying widely by OEM, complicated by already long backlogs, customers’ ability to place orders is limited.” McNealy said there is difficulty in projecting part and material prices has made it tough for manufacturers to set firm prices for trailers currently on order. “Most are re-pricing orders with customers as production is set to commence,” McNealy said. “While we welcome improvements, reports from the field indicate that supply-chain constraints or tight labor markets are not a thing of the past just yet. We expect production levels to remain relatively constant in the near term.”

J.B. Hunt awards $55k to classrooms via Adopt-a-Class 

LOWELL, Ark. — J.B. Hunt Transport Services Inc. has awarded a total of $55,000 to 55 classrooms throughout the country during the 10th consecutive year of its Adopt-a-Class program. The program is an annual company initiative providing classrooms with resources to obtain learning supplies and additional classroom essentials, a news release stated. “Adopt-a-Class is one of my favorite programs we offer at J.B. Hunt because it enriches education for students all throughout the country, specifically for the families of our drivers,” Craig Harper, executive vice president and chief sustainability officer at J.B. Hunt, said. “Teachers work hard to ensure their students have the resources they need to be successful, and it’s imperative we do our part in giving back to the communities we live in.” J.B. Hunt’s Adopt-a-Class program was founded in 2013 and allows drivers to have a direct impact on giving to the community. Each year, J.B. Hunt drivers nominate their child or grandchild’s classroom — kindergarten through fifth grade — for a chance to receive a school supply donation by submitting an essay. Once recipients are notified, drivers often visit the classrooms to congratulate the teacher and students. William Quintana, a J.B. Hunt Dedicated Contract Services driver, had the honor of delivering to his daughter’s classroom this year at Monitor Elementary School in Springdale, Arkansas. “Contributing to the class is really important because you don’t know how much supplies they get,” Quintana said. “So, contributing to them, it makes me feel happy knowing they’re going to have more things to do during the school year. It gives them more opportunities to do more science work or other activities, that they could have missed out on.” During his visit to Monitor Elementary, Quintana delivered a gift box to the classroom. The delivery included a gift card for classroom supplies, along with J.B. Hunt Adopt-a-Class shirts, hats, foam trucks and activity books for students to enjoy. The students were then able to learn about Quintana’s career as a J.B. Hunt driver and take a tour of his company truck. Angela Moore, a third-grade teacher at Monitor Elementary, said the funds will be valuable to her students’ learning experience. “My kids are getting an opportunity to have those hands-on activities that are so important to them,” Moore said. “Instead of being on a screen, they are doing things hands-on, that are building their brain, and just helping them with decision making and problem-solving skills.” Since the inception of the program, 255 classrooms across the country have been selected for Adopt-a-Class, bringing J.B. Hunt’s total classroom donation to more than $200,000. It resulted from a previous pen-pal-like program the company hosted in which drivers would send postcards to the classrooms describing the places they would visit while traveling for their job. As more local and regional driving opportunities became available, the program evolved to maintain the educational benefits and experience of drivers engaging with students. Chante Gordon, an elementary teacher in North Riverside, Illinois, shared how excited her students were to be selected as a recipient of J.B. Hunt’s Adopt-a-Class program. “I cannot thank J.B. Hunt enough for the generous donation and making today so special for my students,” Gordon said. “They were thrilled to have their own gift bags to open, ask their questions, learn about what a truck driver does, and especially seeing the truck and honking the horn. So many students told me this was the ‘best day ever!’ and are excited to help make decisions about what we will purchase for our classroom. It was truly such a special day and one we will remember.” In October, J.B. Hunt announced it had awarded $250,000 in scholarships to 100 recipients as part of the company’s new scholarship program, the J.B. Hunt Scholarship Program for Families. The company plans to continue the program in 2023, with awards being renewable each year for up to four years as long as the recipient maintains a 2.5 GPA and full-time enrollment.  

New Averitt facility to service Memphis area

MEMPHIS, Tenn. – Averitt Express has opened a new facility in the Memphis area. The facility has 260,000 square feet of enclosed space to handle the flow and distribution of domestic and international freight, according to a news release. The facility is within short proximity of the Memphis International Airport, as well as the Memphis area railyard. “The new location will be equipped to handle the growing international shipping needs in the region,” the news release stated. “With its new Memphis facility, Averitt aims to streamline its customers’ supply chain needs throughout the Central and Southeast United States.” The new facility raises the company’s total warehousing space to over 2.5 million square feet of space across more than 40 locations. “We’ve eagerly awaited the opening of our Memphis distribution & fulfillment facility,” Ed Smith, Averitt’s vice president of distribution & fulfillment, said. “It just took the right partnership with the right facility. And once we found that, it created the perfect opportunity. Memphis is one of the largest intermodal markets in the country.”  

ACT Research’s Class 8 Tractor Dashboard drops 6th time in 7 months

COLUMBUS, Ind — According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 Tractor Dashboard slipped in September to a -4 reading, the sixth moderately downbeat reading in seven months. The Transportation Digest, which combines ACT data and analysis from a wide variety of sources, paints a picture of trends impacting transportation and commercial vehicle markets. “We think the Dashboard readings suggest a better outcome for Class 8 than was the case in the last two downturns (COVID 2020 and the popping of the global commodity bubble in late 2014). In those events, the negative readings reached double-digit levels,” said Kenny Vieth, ACT’s President and Senior Analyst. He continued, “While we suspect more negative readings are inbound, they are not here yet.” When asked about underlying takeaways, Vieth concluded, “in the latest reading, we saw the trucking stock index fall back into negative territory, while Class 8 cancellations moved from negative to neutral territory. Of the 15 variables in the Dashboard, three were at ‘positive’ levels, in line with August, while the number in ‘negative’ territory increased from six to seven.”

Higgins named senior legal VP for Volvo, Mack trucks

GREENSBORO, N.C. — Greg Higgins has been named the senior vice president of legal and compliance, general counsel and secretary for Volvo Trucks North America and Mack Trucks. According to a news release, Higgins joined the company in 2012 and has served since 2015 as senior council. Before joining the Volvo Group, Higgins spent 12 years as a member and partner at Nexsen Pruet PLLC in Greensboro. He holds a bachelor’s degree from the University of Florida and a juris doctor degree from the Wake Forest University School of Law. Higgins will continue to be based in Greensboro, the news release stated. He succeeds Therence Pickett, who is retiring from the company.

Used Class 8 retail sales fall in October, countering seasonal expectations

COLUMBUS, Ind — According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 retail volumes (same dealer sales) were down 19% month-over-month. Average mileage was flat, with average price down 2% and age up 5%, m/m. Longer term, average price and miles were higher year-over-year, with price up 15% year-over-year. The report from ACT provides data on the average selling price, miles and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs — Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). “Same dealer retail sales of used Class 8 trucks fell in September, shedding 19% month-over-month,” said Steve Tam, Vice President at ACT Research. He continued, “Used truck sales typically see a moderate increase in October, relative to September, so the decline was counter to expectations. Used Class 8 retail truck sales for October were meaningfully weaker for longer-term comparisons.” Tam added, “The near-term drop may foreshadow further softening of demand brought on by a general economic slowdown. We believe broader weakness will be led, at least in part, by reduced manufacturing output and the resultant reduction of freight.” Supply conditions appear to be improving, albeit, at the margin, Tam noted. “New truck production rates have been higher in the past several months, as has sales activity,” he said. “There also appears to have been a corresponding uptick in the number of used trucks in inventory.”  

Freight company Transport Investments now known as Bridgeway Connects

PITTSBURGH — Transport Investments Inc. has changed its name to Bridgeway Connects Inc. Bridgeway has grown to handle over 500,000 loads annually, a news release stated. As part of its growth, Bridgeway has recently added other members to their network “to fuel the drive to be the best specialty transportation and logistics provider in the country,” according to company officials. “Difficult freight is what we love to do…we want people to know that we are growing as a network of businesses working together,” CEO R. Bruce McAdams, said. “We will continue to expand organically and through acquisition while maintaining the level of trust, reliability, and quality that those we work with have come to value and expect.”

Ship.Cars, Monk AI partner to streamline inspection process

SCHAUMBURG, Ill. — Ship.Cars has partnered with Monk AI to deliver AI inspection reports to drivers using the Ship.Cars Electronic Proof of Delivery app. With this integration, the ePOD app will enable drivers to extract vehicle damages visible on their photos in a list view, along with cropped photos focusing on the damages individually, a news release stated. “Artificial intelligence is getting more advanced and used in all industries,” Eftim Eftimov, president of Ship.Cars, said. “We are the first in the industry to deliver this technology to auto-transport carriers to use for their loads. This AI inspection feature is a game-changer in our industry and acts as a helping hand for carriers to list vehicle damages.” The AI Inspection app allows users to: Reduce time spent manually entering damage information. Streamline the inspection process. Track inspection operations and improve inspection processes. Review the findings of vehicle damages and remove or add to the list. Generate optional AI damage reports quickly. Complete AI inspection with cropped photos of the damage for their records. List damage type codes, vehicle part codes, location of damage, timestamp, and time zone with cropped images, bringing transparency to inspection processes. Eliminate misses on damage sheets, reducing risk and human error. Build a condition report and compares it with previous records to detect new damages. “This new AI inspection feature brings transparency to the inspection process, saving time to verify results and speeding the claims process,” Eftimov said.  

Spot rates finally see typical rate strength heading into Thanksgiving

NEW PLYMOUTH, Idaho — Data from Truckstop and FTR Transportation Intelligence for the week ending Nov. 18 show a spot market that is experiencing pre-Thanksgiving strength in rates after lagging seasonal expectations, especially in the dry van segment. Total market broker-posted rates saw their largest weekly increase since the International Roadcheck roadside inspection event in May, according to a news release. Refrigerated spot rates rose by the most since the week preceding Labor Day. “With truck capacity dropping sharply, the week including Thanksgiving usually marks the peak of van segment rates between the end of June and the two weeks that include Christmas and New Year’s Day,” the news release stated. “The refrigerated segment appears likely to follow through on that pattern, but dry van rates are not likely to achieve the sharp jump this week necessary to match the five-year average.” Although the week was strong for rates, the same cannot be applied to volume. Spot load activity eased 0.4% after the prior week’s 5.6% drop. Volume was almost 46% below the same week in 2021 and nearly 7% below the five-year average. Load activity was mixed, with the Midwest recording the strongest gain and the West Coast seeing the largest decrease. Truck availability declined 0.8%. The Market Demand Index — the ratio of loads to trucks — edged slightly higher. The total broker-posted rate increased just over 4 cents for the first gain in five weeks. The gain was the largest since the week following the International Roadcheck event. Rates were about 13% below the same week in 2021 but nearly 9% above the five-year average for the week. However, FTR estimates that rates excluding a calculated fuel surcharge were more than 26% below the same week last year. Dry van spot rates rose more than 6 cents for only the second increase in six weeks. Rates were more than 23% below the same week in 2021 and about 4% below the five-year average for the week. FTR estimates that dry van rates excluding a fuel surcharge were more than 39% lower than in the same week last year. Dry van loads ticked up 1.6%. Volume was nearly 45% below the same 2021 week and more than 8% below the five-year average for the week. Refrigerated spot rates jumped 10.5 cents. Rates were 21% below the same week in 2021 but about 4% above the five-year average for the week. Rates excluding fuel surcharges were 33% below the same week last year. Refrigerated loads increased 2% after rising 13% in the previous week. Volume was about 45% below the same week last year and nearly 5% below the five-year average. Flatbed spot rates increased just under 4 cents for the first week-over-week gain in five weeks. Rates were nearly 6% below the same week in 2021 but nearly 17% above the five-year average for the week. However, excluding an imputed surcharge, flatbed rates were about 18% below the same week last year. Flatbed loads declined 1.3% after the sharp 14.9% drop in the prior week. Volume was about 54% below the same 2021 week and about 18% below the five-year average for the week.