Business Archives

Though slightly, diesel prices rise for the second straight week

Bruce Guthrie - October 1, 2024

Though it was slight, diesel prices rose again for the second week in a row. Last week, prices rose after nine straight weeks of national decline. The rise was again slight from $3.539 to $3.544. The East Coast, New England, and the Central and Lower Atlantic slipped just a penny. The Gulf Coast rose by two cents from from $3.511 $3.520. The Rocky Mountain region continued rising for the third straight week this time from $3.608 to $3.612 Prices on the west actually slipped. The West Coast dropped from $4.239 to $4.226 while the West Coast less California from $3.815 to $3.797. California fell from $4.727 to $4.719.

Bosselman Enterprises promotes Jake England to director of Boss Truck Shops

Dana Guthrie - October 1, 2024

GRAND ISLAND, Neb. — Jake England has been named as the director of Boss Truck Shops, part of The Bosselman Enterprises. The announcement follows the transition of Randy Haines, former director of Boss Truck Shops, to his new role as director of business development for The Bosselman Enterprises. According to a company press release, Haines’ leadership was instrumental in expanding Boss Truck Shops’ footprint to 44 locations and solidifying its reputation for excellence. His move into business development paves the way for England to step into this key leadership role and drive the next phase of growth for Boss Truck Shops. “We’re excited for Jake to take the helm,” Haines said. “His military background, coupled with his extensive experience in the truck care industry, makes him the ideal candidate to lead Boss Truck Shops into the future.” England brings a unique set of skills and experiences to the position, according to the release. A graduate of Augusta State University and a former U.S. Army Captain, England served with distinction in various leadership roles during his seven-year military career, including deployments to Iraq and Africa. Following his military service, he transitioned to the private sector, joining Love’s Travel Stops, where he quickly advanced to Area Manager in the Truck Care Division. His accomplishments include being awarded the Love’s Founders Award for outstanding contributions in 2023. Since joining Boss Truck Shops in July 2023 as Assistant Director, England has already made significant contributions, including improving service efficiency, increasing staffing levels and enhancing customer service, according to the release. His leadership has driven substantial improvements across the network, positioning Boss Truck Shops for continued success. “I’m honored to step into this role and build upon the strong foundation Randy has established,” England said. “I look forward to working closely with our talented team to drive innovation and maintain the highest standards of service.”

Supply chain in peril: Dockworkers at ports from Maine to Texas go on strike

The Associated Press - September 30, 2024

PHILADELPHIA — Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday, Oct. 1, in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks. The contract between the ports and about 45,000 members of the International Longshoremen’s Association expired at midnight, and even though progress was reported in talks on Monday, the workers went on strike. The strike affecting 36 ports is the first by the union since 1977. Workers began picketing at the Port of Philadelphia shortly after midnight, walking in a circle at a rail crossing outside the port and chanting “No work without a fair contract.” The union had message boards on the side of a truck reading: “Automation Hurts Families: ILA Stands For Job Protection.” At Port Houston, which is in the Central time zone an hour behind the East Coast, at least 50 workers gathered outside the port with signs saying “No Work Without a Fair Contract.” They appeared poised to begin picketing. Workers showed a statement from the ILA on the strike saying that employers have refused to compensate workers fairly. “The ILA is fighting for respect, appreciation and fairness in a world in which corporations are dead set on replacing hard-working people with automation,” the statement said. “Robots do not pay taxes and they do not spend money in their communities.” The U.S. Maritime Alliance, which represents the ports, said Monday evening that both sides had moved off of their previous wage offers, but when picket lines went up just after midnight, it was apparent that no deal had been reached. The union’s opening offer in the talks was for a 77% pay raise over the six-year life of the contract, with President Harold Daggett saying it’s necessary to make up for inflation and years of small raises. ILA members make a base salary of about $81,000 per year, but some can pull in over $200,000 annually with large amounts of overtime. But Monday evening, the alliance said it had increased its offer to 50% raises over six years, and it pledged to keep limits on automation in place from the old contract. The union wants a complete ban on automation. It wasn’t clear just how far apart both sides are. “We are hopeful that this could allow us to fully resume collective bargaining around the other outstanding issues in an effort to reach an agreement,” the alliance statement said. The union didn’t answer requests for comment on the talks Monday night, but said earlier in the day that the ports had refused demands for a fair contract and the alliance seemed intent on a strike. The two sides had not held formal negotiations since June. The alliance said its offer tripled employer contributions to retirement plans and strengthened health care options. During the day Monday, some ports already were preparing for a strike. The Port of Virginia, for instance, was in the process of ceasing operations. It accepted the last inbound train for delivery at 8 a.m., closed its gates to inbound trucks at noon and required ships to leave by 1 p.m. Cargo operations halted at 6 p.m. “We are handling this just like we would during the ramp up to a possible hurricane,” Joe Harris, the port’s spokesperson, told The Associated Press. “And we will bring it back online just as we would recovering from a hurricane. We have an experienced team. We’ve done this in the past.” Supply chain experts say consumers won’t see an immediate impact from the strike because most retailers stocked up on goods, moving ahead shipments of holiday gift items. But if it goes more than a few weeks, a work stoppage would significantly snarl the nation’s supply chain, potentially leading to higher prices and delays in goods reaching households and businesses. If drawn out, the strike will force businesses to pay shippers for delays and cause some goods to arrive late for peak holiday shopping season — potentially impacting delivery of anything from toys or artificial Christmas trees to cars, coffee and fruit. The strike will likely have an almost immediate impact on supplies of perishable imports like bananas, for example. The ports affected by the strike handle 3.8 million metric tons of bananas each year, or 75% of the nation’s supply, according to the American Farm Bureau Federation. It also could snarl exports from East Coast ports and create traffic jams at ports on the West Coast, where workers are represented by a different union. Railroads say they can ramp up to carry more freight from the West Coast, but analysts say they can’t make up the cargo handled to the east. “If the strikes go ahead, they will cause enormous delays across the supply chain, a ripple effect which will no doubt roll into 2025 and cause chaos across the industry,” noted Jay Dhokia, founder of supply chain management and logistics firm Pro3PL. J.P. Morgan estimated that a strike that shuts down East and Gulf coast ports could cost the economy $3.8 billion to $4.5 billion per day, with some of that recovered over time after normal operations resume. The strike comes just weeks before the presidential election and could become a factor if there are shortages. Retailers, auto parts suppliers and produce importers had hoped for a settlement or that President Joe Biden would intervene and end the strike using the Taft-Hartley Act, which allows him to seek an 80-day cooling off period. But during an exchange with reporters on Sunday, Biden, who has worked to court union votes for Democrats, said “no” when asked if he planned to intervene in the potential work stoppage. A White House official said Monday that at Biden’s direction, the administration has been in regular communication with the ILA and the alliance to keep the negotiations moving forward. The president directed Chief of Staff Jeff Zients and National Economic Council Director Lael Brainard to convene the alliance’s board members Monday afternoon and urge them to resolve the dispute fairly and quickly — in a way that accounts for the success of shipping companies in recent years and contributions of union workers.

As strike deadline looms, progress is reported in talks between Eastern and Gulf ports and dockworkers

The Associated Press - September 30, 2024

NEW YORK — With a strike deadline looming, the union for 45,000 dockworkers and the group representing East and Gulf Coast ports have exchanged wage offers, leaving a ray of hope that a deal can be reached without a major work stoppage. In a statement, the U.S. Maritime Alliance, which represents 36 ports from Maine to Texas, said that both sides have moved from their previous positions. The alliance said it also asked the union to extend the current contract. The International Longshoremen’s Association is threatening to strike at 12:01 a.m. Tuesday, Oct. 1, in a move that could silence ports that handle about half the ship cargo coming in and going out of the U.S. A message was left Monday evening seeking comment from the union. “We are hopeful that this could allow us to fully resume collective bargaining around the other outstanding issues in an effort to reach an agreement,” the alliance statement said. The Alliance said its latest offer would increases wages by nearly 50% over the six-year contract, and triple employer contributions to retirement plans. The offer also would strengthen health care options and keep current language that limits automation. The union has demanded 77% pay raises over six years to help deal with inflation. Many of the ILA workers can make over $200,000 per year, but the union says they must work large amounts of overtime to reach that figure. The two sides had not held formal negotiations since June, and a strike appeared imminent. In a statement Monday morning, the union said the ports had refused its demands for a fair contract and the alliance seemed intent on a strike. The alliance has said it was willing to bargain. A work stoppage would significantly snarl the nation’s supply chain, potentially leading to higher prices and delays in goods reaching households and businesses if it drags on for weeks. If drawn out, the strike would force businesses to pay shippers for delays and cause some goods to arrive late for peak holiday shopping season — potentially impacting delivery of anything from toys to artificial Christmas trees, cars, coffee and fruit. A strike could have an almost immediate impact on supplies of perishable imports like bananas, for example. The ports that could be affected by the strike handle 3.8 million metric tons of bananas each year, or 75% of the nation’s supply, according to the American Farm Bureau Federation. Americans could also face higher prices as retailers feel the supply squeeze. “If the strikes go ahead, they will cause enormous delays across the supply chain, a ripple effect which will no doubt roll into 2025 and cause chaos across the industry,” noted Jay Dhokia, founder of supply chain management and logistics firm Pro3PL. Dhokia added that East Coast ports aren’t the only ones at risk for disruption, as concern leading up to the strike has already diverted many shipments out West, adding to route congestion and more pressure on demand. Impacts will also be felt internationally — particularly in places like the United Kingdom, he said, where the U.S. is its largest trading partner. In addition to higher wages, ILA members want a total ban on the automation of cranes, gates and container-moving trucks used in the loading or unloading of freight. A strike by the ILA workers — set to impact ports from Maine to Texas — would be the first by the union since 1977. West Coast dockworkers belong to a different union and aren’t involved in the strike. If a strike were deemed a danger to U.S. economic health, President Joe Biden could, under the 1947 Taft-Hartley Act, seek a court order for an 80-day cooling-off period. That would suspend the strike. Just weeks ahead of a tight presidential election, Biden has signaled that he will not exercise this power. During an exchange with reporters on Sunday, Biden said “no” when asked if he planned to intervene in the potential work stoppage. A White House official said that at Biden’s direction, the administration has been in regular communication with the ILA and the alliance to keep the negotiations moving forward. The president directed Chief of Staff Jeff Zients and National Economic Council Director Lael Brainard to convene the alliance’s board members Monday afternoon and urge them to resolve the dispute fairly and quickly — in a way that accounts for the success of shipping companies in recent years and contributions of union workers.

Shippers demand resolution to port negotiations

Bruce Guthrie - September 30, 2024

WASHINGTON — With a strike looming, the Shippers Coalition is calling for immediate action from union leaders, the USMX, and President Biden to come to an agreement at the East Coast and Gulf of Mexico ports to prevent further damage to our already fragile supply chain. In a press release issued on Monday, the organization stated, “the failure of negotiations between the ILA and the USMX has already resulted in an uncertain situation for shippers and consumers, especially during times of emergency. The disruptions to the supply chain are having, and will continue to have, detrimental impacts on consumers and will further deteriorate the country’s supply chain.” “With the devastating impact of Hurricane Helene, now is not the time to play politics with the ability for consumers to get critical goods,” said Sean Joyce, Executive Director of the Shippers Coalition. “We demand that all parties come to the table to immediately resolve this labor dispute, ensuring consumers don’t feel more of the impact than they already have.” The coalition is calling for President Biden and his administration to step in and “use all the tools at their disposal, so the two sides come to an agreement before a strike happens.” Biden has said to this point that he will not intervene, according to multiple reports. According to MITRE, a 30-day strike would have an impact on the country’s economy that would be overwhelming to the tune of $18 billion. Shippers, manufacturers, and consumers need this to be resolved to ensure inflation does not rise and consumers do not see higher costs. “We will see impacts on both the import and export end of our supply chains, as many Shippers Coalition members are unable to divert to the West Coast ports. US manufacturers and farmers, and ultimately consumers, will suffer since their goods will not be able to be moved out of the United States, meaning they will have a surplus of products with no room to make more,” the coalition stated. “This could have devastating impacts on facility operations.”

US port strike by 45,000 dockworkers is all but certain to begin at midnight

The Associated Press - September 30, 2024

NEW YORK (AP) — The union representing U.S. dockworkers has signaled that 45,000 members will walk off the job at midnight, kicking off a massive strike likely to shut down ports across the East and Gulf coasts. The coming work stoppage threatens to significantly snarl the nation’s supply chain, potentially leading to higher prices and delays for households and businesses if it drags on for weeks. That’s because the strike by members of the International Longshoremen’s Association could cause 36 ports — which handle roughly half of the goods shipped into and out of the U.S. — to shutter operations. ILA confirmed over the weekend that its members would hit the picket lines at 12:01 a.m. Tuesday. In a Monday update, the union continued to blame the United States Maritime Alliance, which represents the ports, for continuing to “to block the path” towards an agreement before the contract deadline. “The Ocean Carriers represented by USMX want to enjoy rich billion-dollar profits that they are making in 2024, while they offer ILA Longshore Workers an unacceptable wage package that we reject,” ILA said in a prepared statement. “ILA longshore workers deserve to be compensated for the important work they do keeping American commerce moving and growing.” ILA also accused shippers of “gouging their customers” with sizeable price increases for containers over recent weeks. The union said that this will result in increased costs for American consumers. The Associated Press reached out to a USMX spokesperson for comment. If drawn out, the strike would led would force businesses to pay shippers for delays and cause some goods to arrive late for peak holiday shopping season — potentially impacting delivery of anything from toys or artificial Christmas trees, to cars, coffee and vegetables. Americans could also face higher prices as retailers feel the supply squeeze. “If the strikes go ahead, they will cause enormous delays across the supply chain, a ripple effect which will no doubt roll into 2025 and cause chaos across the industry,” noted Jay Dhokia, founder of supply chain management and logistics firm Pro3PL. Dhokia added that East Coast ports aren’t the only ones at risk for disruption, as concern leading up to the strike already diverted many shipments out West, adding more pressure on routes and demand. Impacts will also be felt internationally — particularly in places like the United Kingdom, he said, as the U.S. has been its largest trading partner. ILA members are demanding higher wages and a total ban on the automation of cranes, gates and container-moving trucks used in the loading or unloading of freight. The coming strike by the ILA workers — set to impact ports from Maine to Texas — will be the first by the union since 1977. West Coast dockworkers belong to a different union and aren’t involved in the strike. If a strike were deemed a danger to U.S. economic health, President Joe Biden could, under the 1947 Taft-Hartley Act, seek a court order for an 80-day cooling-off period. This would suspend the strike. All eyes are on what, if any, action the adminstration might take — particularly just weeks ahead of a tight presidential election. But Biden has signaled that he will not exercise this power. During an exchange with reporters on Sunday, Biden said “no” when asked if he planned to intervene in the potential work stoppage. “Because it’s collective bargaining, I don’t believe in Taft-Hartley,” Biden said referring to a 1947 law that allows the president to intervene in labor disputes that threaten the nation’s health or safety. Krisher in reported from Detroit. AP Writers Mae Anderson in New York and Stephen Groves in Dover, Delaware, contributed to this report.

Join the fleet: Carry on the tradition with Wreaths Across America

Dana Guthrie - September 30, 2024

COLUMBIA FALLS, Maine — Wreaths Across America (WAA) has kicked off the 2024 wreath season with more than 20 new loads that will need carriers’ support to deliver this December. “Wreaths Across America relies on the transportation industry to move the mission,” said Courtney George, WAA director of trucking and industry relations. “The Honor Fleet, composed of dedicated carriers, professional drivers, and other transportation partners, guarantees the delivery of millions of sponsored veterans’ wreaths to their destination each year. Transportation partners benefit from driver retention and recruitment, employee engagement, positive brand exposure, and the opportunity to give back to their community’s veterans and military families.” According to a press release, the WAA is seeking carriers and professional drivers to join the mission to Remember, Honor and Teach. As the program continues to grow, with over 4,500 participating locations nationwide this year, several opportunities exist to find the perfect lane and make a meaningful impact. “Being part of Wreaths Across America has been an incredible experience for our company and our drivers,” said TJ Pressley, chief operating officer, Hirschbach Motor Lines. “Not only do we have the chance to give back to our community, but our drivers also feel a sense of pride and purpose in delivering wreaths to honor our nation’s heroes.” Transportation companies joining the Honor Fleet contribute to a worthy cause and provide their professional drivers with a healing journey, according to the WAA. For veterans or those who have lost loved ones in service to our country, the opportunity allows them to engage with grateful communities and participate in a deeply meaningful experience. Delivering the precious cargo of sponsored veterans’ wreaths is an honor, and WAA’s dedicated volunteers ensure that drivers feel the appreciation and the significance of their contribution upon arrival. Click here to view open lanes for 2024. Transportation companies interested in joining the Honor Fleet and making a difference in their community can visit https://learn.wreathsacrossamerica.org/2024_lanes to find an open lane or contact the WAA Transportation team [email protected] to start the conversation.

Corra Group announces expansion to products tailored for fleet background checks

Bruce Guthrie - September 30, 2024

EL SEGUNDO, Calif. — Corra Group continues to expand its offerings in the transportation and logistics industry by delivering a full suite of background check solutions tailored for commercial drivers and fleet management. With specialized services, Corra Group ensures companies can hire qualified drivers, meet Department of Transportation (DOT) requirements, and maintain the highest standards of road safety, according to a recent media release. “Corra Group has supported trucking and transportation companies for over 20 years, and we know how to get done.” “We are one of the few background check companies that offer driving records in all 50 states, Puerto Rico, and Canada,” said Nick Gustavson, Cofounder of Corra Group. “With the high demands and strict compliance requirements in the transportation sector, fleet managers and logistics companies need reliable, accurate information when making hiring decisions.” Corra Group’s solutions include Criminal Checks, Motor Vehicle Records, PSP Driver Safety reports, Drug Testing & Alcohol Screening, CDLIS (Commercial Driver’s License Information System) reports, and Employment Verification for DOT compliance. Transportation companies of all sizes are supported, from small trucking operations to large logistics enterprises. Corra Group’s easy-to-use online platform allows clients to order, monitor, and manage background checks efficiently, ensuring swift turnaround times and seamless integration with their hiring processes. An exciting feature designed to assist clients with DOT compliance needs are batch files for annual motor vehicle driving records requirements. Corra Group offers batch file uploads, with driving records returning in less than 48 hours. Clients also have the option of ordering MVRs individually. “It is essential that trucking and transportation companies meet all Department of Transportation compliance mandates,” added Gustavson. “This standard is vital at a time when there is a driver shortage, and trucking groups are struggling to find new drivers and to keep their current fleet compliant and on the road.” While some services are necessary for DOT compliance, Corra Group provides a number of elective background check services. Clients can also create custom background check packages based on their own unique needs. As the trucking and transportation industry continues to evolve, Corra Group remains committed to offering the latest in screening technologies and compliance solutions, helping clients stay ahead in a competitive and heavily regulated market.Corr

Volvo to hold unveiling at MCE in Nashville

Bruce Guthrie - September 30, 2024

Volvo is about to invade Music City. According to a release issued by the company, Volvo Trucks North America will announce the latest update to their service contract offering connectivity services, while showcasing a wide range of innovative transportation solutions aligned with the company’s three-pillar strategy for decarbonization at the American Trucking Associations’ (ATA) 2024 Management Conference & Exhibition (MCE), taking place October 12-15, in Nashville, Tennessee. Volvo Trucks North America and the all-new Volvo VNL — which is being marketed as the truck designed to change everything — will headline ATA’s 2024 MCE at the Music City Center in Nashville, Tennessee. In addition to the all-new Volvo VNL, which has already redefined the standards for the North American trucking industry, Volvo Autonomous Solutions will provide an update into the future of fully autonomous transportation within the hub-to-hub segment. Volvo Trucks will unveil the latest updates to the Volvo Blue Service Contract and industry leading proprietary connected solutions during the Volvo Trucks press conference on October 13, at 1:30 p.m central time. ATA President and CEO Chris Spear and Captains of the 2024-2025 America’s Road Team will be on-hand for a special presentation from Volvo Trucks North America president, Peter Voorhoeve. Voorhoeve will also spotlight Volvo Trucks’ expanding electromobility transition in North America — from the continuous expansion of the Volvo Trucks Certified Electric Vehicle Dealer network to efforts to broaden access to publicly available charging solutions. “We are excited to showcase our latest innovations, including the all-new Volvo VNL featuring class-leading fuel efficiency, safety, connectivity and unprecedented customer value, which has redefined the standards for the North American trucking industry,” said Voorhoeve. “The all-new Volvo VNL is a major step forward in our three-pillar strategy for decarbonization and it will serve as the platform for all future technologies as we work towards a carbon neutral future.” “We are also proud to continue our leadership in zero-tailpipe-emissions transport with the VNR Electric and our electromobility ecosystem which includes Volvo on Demand, a cutting-edge truck-as-a-service model from Volvo Financial Services,” continued Voorhoeve. “Our presence at ATA’s MCE highlights our dedication to supporting our fleet customers in navigating the evolving transportation landscape with forward-thinking solutions. We are excited about our continued partnership with the America’s Road Team Captains, and it represents another actionable step in our dedication to inform our communities about the importance of safe driving.” Volvo Trucks’ booth will showcase a fully equipped all-new Volvo VNL 860 wrapped in support of America’s Road Team. Volvo Trucks has been the exclusive sponsor of this campaign for 23 years, donating a new Class 8 truck annually to haul the ATA Interstate One mobile classroom. This year, the Captains will receive an all-new Volvo VNL 860, Volvo Trucks’ flagship sleeper model. The all-new Volvo VNL was designed to revolutionize the heavy-duty trucking industry and set new safety standards, making it a perfect partner for America’s Road Team Captains, who are dedicated to safety with millions of accident-free miles. This partnership aligns with Volvo Trucks’ vision of zero accidents. A media release announcing the display stated that attendees and media are encouraged to engage with Volvo Trucks’ product experts in electromobility, charging infrastructure, safety, connectivity, service contracts, and the full range of product offerings available to learn more about the future of innovative transportation solutions. A Volvo VNR Electric truck will be on display, highlighting the continued expansion of the Certified EV Dealership and electromobility ecosystem. To date, Volvo Trucks has delivered more than 570 Volvo VNR Electric trucks across 19 U.S. states and Canadian provinces. The Volvo Trucks booth will also feature a next-generation truck from Volvo Autonomous Solutions — the Volvo VNL Autonomous with an integrated Aurora Driver, designed for future hub-to-hub operations. This advancement represents the next step toward the commercial launch of fully autonomous Class 8 trucks in North America.

Marine Veteran to receive 2022 Freightliner Cascadia truck from Progressive Insurance

Dana Guthrie - September 30, 2024

MAYFIELD VILLAGE, Ohio — An honored U.S. Marine Corp veteran will receive the keys to a 2022 Freightliner Cascadia in Houston, Texas as part of Progressive’s 12th annual Keys to Progress program. “We are celebrating the 12th year of our Keys to Progress program in November and our third semi-truck giveaway – and our impact only continues to grow,” said Karen Bailo, Progressive commercial lines president. “We are committed to giving back to our veterans who have given so much to our country. This program not only helps to shape the lives of veterans but also gives them the tools and ability to grow their small businesses. We are proud to be a part of an initiative that is critical to accelerating their journey.” The Keys to Progress program is part of Progressive’s ongoing commitment to driving progress on the road by providing reliable transportation to military veterans and their families, according to a company media release. “As a result of the sacrifices our military men and women provide for our country, Progressive is positively impacting the owner-operator trucking business, as well as the personal lives of military veterans through its Keys to Progress program,” the company said. “The vehicles empower veterans to make the transition from being a driver, to an owner, by assisting with the largest capital expense of starting a business.” The recipient of this year’s truck is 22-year veteran U.S. Marine Corp Retired Gunnery Sergeant Ondrae Meyers from Jacksonville, N.C. His specialty was USMC Motor Transport, where he specialized in heavy and medium motor transport, which sparked his passion for truck driving. Following his time with the military, Gunnery Sergeant Meyers obtained his CDL license through “Troops in Transportation,” a military program where he planned his future endeavors after his service, according to the release. “What started as a passion of seeing countries around the world and in the United States from behind the wheel can be turned into providing for my family,” Meyers said. “I am so grateful to this program for allowing me to get my fleet and career started.” Past commercial truck recipients include James Rogers and Lt. Colonel James “JC” Rose, who both have been expanding their business with additional fleet vehicles and drivers since receiving their new truck as part of the Keys to Progress program. For the third semi-truck giveaway the following organizations helped to make these life-changing moments possible: SelecTrucks of Houston, a full-service Freightliner/Western Star commercial truck dealership offering new and used commercial trucks, parts, service and body shop. 1-800-Charity Cars, provides resources to facilitate vehicle donations, as well as titling and registration of some vehicles for recipients Veracity Research Co. Investigations, a veteran-owned and operated organization, helps support the recipient selection process each year. The giveaway is an extension of Progressive’s larger Keys to Progress program, according to the release. On November 14, , veterans and veteran-related organizations across the country will receive the keys to vehicles, providing them with reliable transportation to help them move forward in life and in business. Since 2013, over 1,000 vehicles have been gifted to veterans through the program. For more information on Progressive’s Keys to Progress program, visit KeysToProgress.com or search #KeysToProgress on social media.

Securing the future of logistics: Banyan Technology’s innovative solutions

Dana Guthrie - September 30, 2024

CLEVELAND, Ohio – Banyan Technology unveiled the announcement of innovative new products and strategic partnerships developed to elevate shipping operations for Shippers and 3PLs during the Connect 2024 Users Conference in Cleveland, marking the beginning of its Over-the-Road Show. “We are thrilled to announce our new shipping platform enhancements, including our Risk Management Solution and our newest strategic partnerships with industry leaders like Marsh, Reliance/Loadsure, Highway and Shiplify, among others,” said Brian Smith, CEO of Banyan Technology. “The Connect 2024 Conference was the perfect opportunity to showcase these new enhancements and provide our Clients with an exclusive opportunity for a first look and personal learning experience to put these tools to use to help reduce theft and fraud and increase overall freight savings.” According to a company press release, attendees were treated to hands-on workshops, industry panels and deep dives into Banyan’s LIVE Connect platform, showcasing new features that optimize every aspect of freight execution — from Truckload and Parcel savings to fraud prevention and risk management. New Products Highlighted at Connect 2024: Advanced Risk Management Solutions: Banyan’s new fraud and theft prevention technology, developed in collaboration with Overhaul, safeguards the supply chain with innovative fraud detection systems that protect against theft and data breaches. Integrated Insurance Solutions: Banyan’s integrated insurance solution protects shipping operations with comprehensive coverage, helping mitigate risks, reduce liability and streamline claims processes to protect cargo and ensure business continuity. AI-Powered Truckload Pricing: Streamline Truckload workflows with predictive pricing models, designed to automate rate comparisons and load matching. This feature is set to drastically reduce time and costs for both 3PLs and Shippers. Parcel Shipping Enhancements: The new Parcel execution feature helps Shippers optimize their operations, saving time and money through real-time carrier connections and comparison tools. Freight Claims Integration: An exciting new feature, introduced during the conference, automates freight claims management, reducing administrative burdens and increasing transparency across the shipping process. Accessorial Verification: LTL Shippers now have access to automatic verification of limited access and accessorial requirements in real-time, enhancing billing accuracy and eliminating surprise fees. The Connect 2024 Cleveland event attracted top industry professionals, including Shippers, 3PLs and strategic partners, eager to leverage Banyan’s robust suite of solutions, according to the release. Participants also gained insights into the latest trends shaping the freight and logistics industry from industry experts Brent Hutto, CRO at Truckstop, and Kevin Huntsman, President of Mastio & Company. The Connect 2024 Over-the-Road Show will make its next stop in Atlanta, Oct 23-24 is still accepting registrations and promises more industry-first product unveilings and networking opportunities.

US retailers brace for potential pain from a longshoremen’s strike

The Associated Press - September 29, 2024

With a dockworkers’ strike threatening to close ports on the East and Gulf coasts beginning this week, Chris Butler is growing worried. Butler is CEO of the National Tree Co., and, like many businesses, his is counting on shipments that are en route from Asia but won’t reach their ports before an expected strike by longshoremen starting at 12:01 a.m. Eastern time Tuesday, Oct. 1. The company, based in New Jersey, is an importer of artificial Christmas trees and other holiday decorations. If a strike were to last just a few days, there might be time afterward to unload the trees, transport them to warehouses and have them ready for customers this season. Yet if a strike were to keep ports closed until, say, November, about 150,000 trees might not arrive in time for the peak shopping season, imposing costs on National Tree and other businesses. In a worst-case scenario, those costs, multiplied across industries, could fuel inflation and pressure the U.S. economy. “Definitely not an ideal situation,” Butler said. National Tree already has stockpiled or delivered most of the roughly 2 million artificial trees it sells each year. But it would lose revenue if 150,000 of the trees got stuck in the pipeline. Other businesses face the same predicament, with goods that could be stranded at sea if 45,000 members of the International Longshoremen’s Association make good on their threat to strike. They could shut down 36 ports from Maine to Texas that handle about half the goods shipped into and out of the United States. (West Coast dockworkers belong to a different union and aren’t involved in the strike.) A prolonged strike would force companies to pay shippers for the delays, and goods could arrive too late for the high point of holiday shopping season. On Friday, top Biden administration officials met with port operators and told them they should negotiate with the union ahead of Tuesday, according to a White House official who insisted on anonymity to discuss an ongoing meeting. Butler says he’s hoping for an agreement or for government intervention to halt a strike. But the U.S. Maritime Alliance, which represents shippers and ports, and the longshoremen’s union haven’t met since June. And no talks are scheduled before their contact expires late Monday. “ILA unity remains strong and is growing,” James McNamara, spokesman for the International Longshoremen’s Association, said in a statement Sunday. He said the union would update the public on any new developments by 11 a.m. Monday. The union is demanding significantly higher wages and a total ban on the automation of cranes, gates and moving containers in the loading and unloading of freight. The Toy Association, the nation’s leading toy trade group, was among about 200 organizations that asked President Joe Biden in a letter this month to work with both sides to reach an agreement. The National Grain and Feed Association also urged Biden to take action to avert a strike, which would come just as harvest season gets underway. Their push has put Biden and Vice President Kamala Harris, the Democratic presidential nominee, in a sensitive position: Both have courted union support and don’t want to be seen as pressuring the longshoremen to reach a settlement. Yet if an extended strike were to cause shortages of consumer goods or fuel high inflation, it could cost Harris votes in the November election. Under the Taft-Hartley Act, Biden could seek a court order to suspend the strike for an 80-day cooling-off period. Robyn Patterson, a White House spokesperson, said in a statement that the administration has never invoked the act and isn’t considering it now. Biden and Congress did step in two years ago to block a looming freight rail strike and force those workers to accept a deal because of widespread fears that a rail strike would have damaged the economy. Alex Hertel-Fernandez, an associate professor of international and public affairs at Columbia University who served as a Labor Department official under Biden, suggested that the administration will follow the playbook it used in talks last year between West Coast ports and the union there: Mediating negotiations without directly intervening. Greg Ahearn, CEO of the Toy Association, said a strike would happen at a critical moment for toy sellers and makers: Up to 60% of annual sales occur from October through December. Though some toy companies shipped goods earlier, Ahearn said a strike would make it hard to replenish hot-selling items. A strike, he warned, could raise toy prices “based on scarcity and increased costs.” At National Tree, Butler and his crew began preparing for a strike in July. They accelerated shipments for everything they could. But one major retail client, he said, asked for trees early. And until recently, factories in China and elsewhere couldn’t produce the rest of National Tree’s orders. Ships containing the trees are on the way to New York but won’t get there before Tuesday. A prolonged strike, Butler said, would force most of the trees to be warehoused until next Christmas season. A longshoremen’s strike would further distress a global supply chain that has already endured slowdowns from attacks by Yemen’s Houthi rebels on commercial shipping. Those attacks have all but shut down the use of the Red Sea and Suez Canal, said Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation. The attacks are forcing longer transit times for vessels that must navigate around the Cape of Good Hope to reach East Coast and Gulf Coast ports. A dockworkers’ strike, Gold said, could prove even more damaging than the pandemic-induced port congestion in 2021 and 2022, when cargo was allowed to move, albeit slowly. Eastern ports could be left at a standstill. Gold noted that carriers are already announcing surcharges on containers to address potential disruptions, a trend that could elevate inflation. Many retailers might find it difficult to charge customers more to make up for those expenses. Most vulnerable, Gold said, would be small businesses that don’t import directly and lack the financial resources to incur higher costs. Shippers could reroute some cargo to West Coast ports. But those ports couldn’t come close to absorbing the additional cargo. The Port of Los Angeles, for example, moved 960,000 containers in August — about 80% of its capacity — said Gene Seroka, its executive director. The major Western railroads, Union Pacific and BNSF, have added capacity to their systems to handle more freight as imports have increased. Eastern railroads CSX and Norfolk Southern say they can move cars and crews to handle more freight coming to Chicago from the West. But it’s not clear just how much more the railroads can manage. In any case, Butler said, it would be too costly for him to ship trees across the country by rail. Taylor Green, co-founder of landscaping company Artificial Grass Solutions in Los Angeles, which imports artificial turf, said he bought 25% more turf than usual to ensure there would be enough for clients’ projects. He also made arrangements with alternative suppliers in case the strike goes on indefinitely. If it does, Green said, price increases would likely be necessary. Still, like some larger retailers and manufacturers, Artificial Grass says it’s better prepared for shortages than it was during the pandemic. “We’ve learned to be proactive rather than reactive,” Green said.

IRS increases special per diem rate for business travel

Dana Guthrie - September 28, 2024

WASHINGTON — The Internal Revenue Service has announced special per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after Oct. 1. Specifically, the special transportation industry meal and incidental expenses (M&IE) rates, the rate for the incidental expenses only deduction and the rates and list of high-cost localities for purposes of the high-low substantiation method, according to the IRS. Employers using these rates to set per diem allowances can treat certain categories of travel expenses as substantiated without requiring that employees prove the actual amount they spent. The amount deemed substantiated will be the lesser of the allowance actually paid or the applicable per diem rate for the same set of expenses. This notice, which replaces IRS Notice 2023-68, announces rates and the list of high-cost localities for use under the optional high-low substantiation method, special rates for transportation industry employers, and the rate for taxpayers taking a deduction only for incidental expenses. General guidance issued in 2019 regarding the use of per diems after the Tax Cuts and Jobs Act remains in effect. To read the IRS notice in full, click here.

Bill expanding military vets’ access to CDL schools heads to president

Dana Guthrie - September 28, 2024

WASHINGTON – U.S. Senator Deb Fischer’s Veteran Improvement Commercial Driver License Act passed the U.S. House of Representatives on Wednesday, Sept. 25. The legislation, which passed the Senate in November 2023, will expand veterans’ training opportunities in the trucking industry. The bill now awaits the president’s signature. “Our veterans deserve every opportunity to participate in the American dream they’ve fought to protect,” Senator Fischer said. “But when their service is over, many veterans face unfair roadblocks when they look for jobs. My legislation makes it easier for veterans to get their CDL licenses and earn a good living.” According to a press release from Fischer’s office, current laws prevent new trucking school locations from accepting GI Bill benefits for two years after opening, including new locations opened by schools that are already established. Fischer’s legislation will allow new facilities to accept GI Bill benefits if their primary institutions have already received regulatory approval. Fischer introduced the bipartisan, bicameral legislation with Senator Alex Padilla in March 2023. It was introduced in the House by Representatives Chris Pappas and Chuck Edwards. The bill has received endorsements from: Veteran Service Organizations: American Legion, Moving Veterans Forward, Student Veterans of America, Veterans of Foreign Wars, Great Plains Chapter of Paralyzed Veterans of America, and Nebraska Military Officers Association of America. Labor Organizations: International Brotherhood of Teamsters. Trucking Industry Groups: Werner Trucking, American Trucking Association, Commercial Vehicle Training Association, and Nebraska Trucking Association. Click here to read the text of the bill.

Class 8 truck sales stronger than expected in August as inventories pile up

Cliff Abbott - September 27, 2024

U.S. sales of new Class 8 trucks remained stronger than expected in August, according to data received from Wards Intelligence. Manufacturers reported sales of 20,674 trucks, topping the 20,000 mark for the second time this year. That number was down 3.4% from July sales of 21,398, however — and trailed August 2023 sales by 11.4%. Despite the declines, however, truck sales have exceeded expectations for the second half of 2024. On the North American market, 26,500 Class 8 trucks were sold, 8.9% fewer than August 2023 numbers, as reported by ACT Research. “The decline from July’s unseasonably high sales indicates the industry is on the path to normalization,” Kenny Vieth, president and senior analyst at ACT, said in a Sept. 12 release. One issue that’s impacting production is inventory. Manufacturers are still building, even as production outpaces ordering. The result is that dealer lots are filling with unsold units. Body manufacturers — like dump, concrete or trash unit builders — have unsold inventory piling up. Additionally, August is traditionally a transition month when builders switch their order books over to the next model year. “With August order and build volumes pushing backlogs to their annual nadir (and multi-year lows), ‘order season’ has not been so important since the fall of 2016,” Vieth said. “Excessive inventories cloud both the front and back ends of the demand arc. “A year ago, the total Class 8 inventory was 61,800 units,” he continued. “At the end of July 2024, the Class 8 inventory was a record 88,800 units — an increase of 27,000 units year over year. We are sitting in the lull before a hoped-for sustained surge as ‘order season’ gets underway.” FTR Intel data reported 13,400 orders for August, about 16% fewer than in August 2023. Still, FTR reported a total of 271,000 orders for Class 8 trucks in the past 12 months. “OEMs this month faced a somewhat mixed market, though overall conditions were stable,” said Dan Moyer, senior analyst-commercial vehicles for FTR. “The conventional market outperformed the vocational sector, driving most of the m/m improvement. Despite stagnant freight markets, fleets continue to invest in new equipment, albeit at a slower pace.” Moyer also addressed inventory. “Pressure on OEMs to reduce production rates is mounting,” he said. Excess capacity in the freight market has delayed rate increases for well over a year now. The extra trucks are coming out of the market slowly, but lower prices for used equipment are enticing some drivers to buy trucks and get back into the hauling business. Pre-buying to beat the EPA’s 2027 model-year regulations expected to increase. One factor that should show increasing impact is pre-buying to mitigate the impact of 2027 model-year efficiency and emissions standards from the Environmental Protection Agency (EPA). Concerned about expected cost increases — up to $30,000 per truck — and wary of the dependability of the new technology, buyers are expected to buy more 2025 and 2026 models. For fleets that replace hundreds of trucks each year, the savings incurred by buying early can be tremendous. The downside, of course, is that an economic downturn could result in new trucks parked and waiting for freight, as it did in the 2008-2009 recession. Trailer orders have plummeted. According to Jennifer McNealy, director of commercial vehicle market research and publications for ACT Research, trailer orders have seen a 27% contraction over last year. “It is important to remember that for orders, we remain in the weakest months of the annual cycle,” she said. “While we do see fleets starting to make more money later this year — thereby increasing their ability to purchase equipment — that improvement is off a very low base as carrier profits in the first half of 2024 were at levels not seen since 2010.” Reports from individual OEMs were mixed. As for the individual manufacturers, Western Star saw the largest increase in month-over-month sales by percentage. Sales of 1,031 were 16.5% better than July sales of 885 — and the first time the company has reported sales of over 1,000 in a month. Compared with August 2023, sales are up a healthy 42.8%, and the company has grown from 2.8% of the U.S. Class 8 market to its current 4.6%. Western Star’s much bigger sibling, Daimler-owned Freightliner, reported 7,654 units sold in August, up 1.2% from July but down 6.2% from August 2023. The company is responsible for 36.1% of the Class 8 trucks sold in the U.S. in 2024. Navistar — which recently rebranded as International — saw increased sales of 2,612 units in August, 14.1% better than July sales. Compared to August 2023, however, sales were down 27.2%. For the year to date, Navistar sales have declined by 37.4%, the largest decline of any of the OEMs. Kenworth sales of 3,119 represented a decline of 10.6% from July and a 15.5% drop from August 2023 sales. For the year to date, Kenworth lags 4.4% behind 2023 sales — not bad when the industry average decline is 13.6%. Peterbilt’s numbers are similar, with 3,115 units reported sold in August, down 11.9% from July and down 9.9% from August 2023. Year to date, Peterbilt’s U.S. sales are down just 1.2% from last year’s pace, well ahead of the industry average. Volvo sales of 1,735 in August were down 18.9% from July and 18.5% from August 2023. Sales at Volvo are about 10% behind last year’s pace for the first eight months of the year. Mack Trucks reported sales of 1,391 in August, down 6% from July and down 13% from August 2023. Year to date, the company has reported sales that are 9.6% behind last year’s pace. The industry is waiting to see the future of internal combustion engines. In news related to future sales, a Sept. 19 online presentation hosted by the Engine Technology Forum claimed the transition to electric vehicles is not the fait accompli that many think it is. Advances in internal combustion engine (ICE) technology and developments in alternative fuels could allow the transportation industry to achieve more efficiency and fewer emissions faster than transitioning to electric motors. Hydrogen can be burned in ICEs, some with minimal modifications. Renewable biofuels produce fewer emissions when burned, and advances in engine technology can reduce those even further. Soybeans, in particular, were touted for their ability to produce 30 pounds of protein and 22 pounds of carbohydrates for each gallon of biodiesel, helping to increase the world’s food supply. It’s possible the ICE will be around for many years, and the muted purr of an electric engine may be a characteristic of trucks far into the future.

Rising goods demand and inventory boost for-hire volumes in August

Dana Guthrie - September 27, 2024

COLUMBUS, Ind. – The latest release of ACT’s For-Hire Trucking Index suggests growth is making its way into the for-hire market. According to a media release, ACT Research said the Volume Index increased 4.8 points in August to 54.5, seasonally adjusted (SA), from 49.7 in July. “The improvement reflects both growing goods demand and inventory pre-positioning,” said Carter Vieth, research associate at ACT Research. “Consumption of durable goods rose 4.2% q/q SAAR in Q2, imports and inventories are growing, and cross-border shipments are increasing. Though, pre-positioning ahead of potential east coast port strikes is part of the story.” The Capacity Index decreased by 1.1 points m/m to 4.6 in August, from 47.6 in July, according to the release. “This month’s reading marks the 14th month in a row capacity has declined, the longest streak since the inception of the survey in late 2009,” Vieth said. “Private fleet capacity additions have continued, which is keeping pressure on for-hire fleet capacity in recent months, but overall, the supply-demand between fleets and capacity looks set to gradually begin to rebalance. As for-hire conditions have yet to pick up much, it’s hard to see capacity turning positive in the coming months, especially as for-hire fleet purchasing intentions remain under pressure.” The Supply-Demand Balance increased in August to 56.9 (SA), from 51.1 in July, as freight volumes increased, and fleet capacity decreased. “Private fleet expansion, which is not captured in this indicator, is resulting in a longer period with the market close to balance than in past cycles,” Vieth said. “Despite ongoing private fleet capacity additions in Q3, slowing US Class 8 tractor sales from here will help to further rebalance and move the cycle forward, albeit slowly. Continued strong US economic growth is leading to improved goods demand and seems to be starting to make its way to the for-hire market as private fleet growth moderates.”

Navistar announces rebrand and name change to International

Bruce Guthrie - September 26, 2024

LISLE, Ill. — Navistar, Inc. is making some changes. The company announced via press release its plan to rebrand and change its name to International Motors, LLC, effective October 1. Along with the name change, the company also debuted a refreshed logo and distinct visual identity. The comany says its rebranding is driven by a shift in strategy to “transform the business into a solutions provider, and the role the International brand can play in a streamlined customer and user experience.” “After more than 120 years, we are choosing to return to our roots as International,” said Tobias Glitterstam, chief strategy and transformation officer. “International embodies determination, partnership, and collaboration in meeting every challenge with a solution. Our new name and look complement the strategic changes we are making to offer enhanced customer experiences.” The company is set to focus on more than engineering and producing truck and bus products. It is making the strategic shift to invest in solutions to simplify the customer experience. While the product remains the core of every customer interaction, International’s full solutions portfolio will also include services such as parts, maintenance, financing, connectivity, and charging. In the coming months, International says current tools like OnCommand® Connection and International® 360 will come together under a new digital customer interface called My International. My International will enhance and customize the customer experience by aligning all customer solutions and data, including service contracts, financing, and fleet management in one place. This evolution is part of the company’s broader transformation which has been ongoing since 2021. Notable achievements during this journey include the launch of the International S13® Integrated Powertrain, a new suite of comprehensive ownership solutions for battery-electric vehicles, and the revival of captive financial services, which will now go to market as International™ Financial. The modernized International visual identity, unveiled today and showcased on the company’s official social media channels and website, is redefined by the language of the road. The logo, color palette, typography, photography, and iconography take inspiration from the intricate choreography that occurs daily on streets, highways, and roads. It reflects the ebbs and flows of traffic, the acceleration and deceleration when navigating a city, to the twists and turns of a rural road. Beyond application to future vehicles, these changes will also extend to manifestation of the International brand including all digital touchpoints and dealer network locations. “The return to International is an acknowledgement of our rich heritage as much as it is an investment in our promising future,” said Mathias Carlbaum, president and CEO. “The simplified brand structure, distinct visual identity, and clear strategy to more effectively engage with our customers ensure we can lay claim to another 200 years of success and signals a new phase of our company’s positioning.”

Stacie Simmons drives off into the sunset as Landstar’s 50th truck winner

Dana Guthrie - September 26, 2024

JACKSONVILLE, Fla. – Landstar System Inc. recently gave away its 50th truck to a deserving independent Landstar business capacity owner (BCO), the company’s term for independent owner-operators who lease to Landstar. BCO Stacie Simmons won a bright blue 2025 Kenworth T-680 at the 2024 Landstar BCO Appreciation Days event in Durant, Okla. in September. “Landstar truck giveaways are an important way to illustrate our gratitude to all of the Landstar BCOs who support the Landstar network by operating safely and delivering for our customers every time they get behind the wheel,” said Frank Lonegro, Landstar president and CEO. “We are delighted to celebrate this life-changing event with Stacie and look forward to helping her achieve continued success as a Landstar BCO.” Simmons who hails from Myrtle Beach, S.C., was one of five finalists randomly selected from the contest’s pool of nearly 9,000 eligible BCOs. The truck giveaway is traditionally the highlight of Landstar’s BCO Appreciation Days, a two-day event held annually to thank the owner-operators for their commitment to safety and customer service excellence. After winning the giveaway, Simmons stood in front of the new truck explaining why the award was indeed about to be a life-changing event for her and Markus, her husband and team driver. “We have a 2016 Volvo and she’s in the shop right now, so getting this is pretty spectacular,” Simmons said. Eligible Landstar owner-operators automatically earned entries to this truck giveaway throughout the year by safely delivering loads during the giveaway period. They were eligible to earn more entries for the giveaway by attending safety meetings and participating in Landstar’s nationwide Safety Thursday Conference Call held each month throughout the year. After the entry period closed, all entries were pooled and a computerized random number generator selected the finalists. Finalists are required to be present at the giveaway. According to a company press release, Landstar purchases and gives away a brand-new truck twice a year to eligible BCOs. The very first truck giveaway was in 1994. This marks the 50th truck giveaway in the company’s history and is the second giveaway this year. Landstar Two Million Mile Safe Driver and Roadstar honoree John Fuller won the Landstar BCO All-Star Truck Giveaway in July. In both giveaways, Landstar pays for the truck’s tag, tax and title.

PrePass launches GPS toll verification to maximize fleet cost savings

Dana Guthrie - September 25, 2024

PHOENIX, Ariz. – PrePass has introduced an innovative GPS toll verification service designed to save fleets considerable time and money by matching GPS locations to toll charges, thereby proactively identifying potential billing inaccuracies. Our customers often face challenges in understanding and validating charges from the various tolling agencies their fleets use,” said Chris Murray, president of PrePass. “The ability to automatically verify toll charges using GPS technology and PrePass’ proprietary matching engine, not only provides them with confidence in their overall tolling expenses but also translates to significant cost savings, offering one less thing to worry about in their day.” According to a company press release, by leveraging the PrePass app, GPS technology that many fleets already rely on, and a proprietary machine-learning engine, GPS toll verification automatically detects and highlights inaccurate toll charges. Available on Android, iOS, and integrated telematics platforms, the service ensures that fleets only pay for the tolls they incur, leading to substantial cost savings. The GPS Toll Verification process will deliver insights that empower fleets to manage tolling expenses more effectively or to initiate tolling disputes, which PrePass can process on behalf of its customers, according to the release. The INFORM Tolling Analytics Dashboard provides PrePass customers enhanced visibility into their toll charges and the status of disputes. With GPS location data generated from the PrePass app or a telematics service provider, fleet managers can confidently validate their toll charges, ensuring they are not overpaying and reducing the administrative costs and complexity of managing them. For more information about GPS Toll Verification and other PrePass services, visit PrePass.com.

Descartes acquires MyCarrierPortal

Dana Guthrie - September 25, 2024

WATERLOO, Ontario and ATLANTA, Ga.— Descartes Systems Group has acquired Assure Assist Inc., doing business as MyCarrierPortal (MCP), a provider of carrier onboarding and risk monitoring solutions for the trucking industry. “Carrier fraud and cargo theft is an ongoing problem in the transportation industry,” said Dan Cicerchi, general manager of transportation management at Descartes. “This acquisition is another investment to help enable improved Know-Your-Carrier (KYC) capabilities that are critical to improve supply chain performance and fraud reduction. We actively connect with hundreds of thousands of carriers and thousands of brokers and shippers. Many of these participants have expressed their desire for us to further extend our investments in fraud prevention. The combination of MCP and our Descartes MacroPoint FraudGuard tool presents a differentiated solution for our customers to efficiently onboard carriers while enhancing visibility and compliance, and reducing fraud risk.” According to a media release, MCP’s solutions help freight brokers and shippers quickly set up carrier requirements through an onboarding platform that gathers information on carriers and screens them for suitability to deliver loads/shipments based on the broker’s risk and compliance criteria. Truck carriers are screened for legitimacy, insurance compliance, and an acceptable safety record. Carriers that are onboarded to the platform are monitored on an ongoing basis to help ensure continued compliance. If a carrier falls out of compliance, the customer is notified to take appropriate action with that carrier. “We remain committed to adding solutions to our Global Logistics Network that help our customers manage the complete lifecycle of shipments in a secure and efficient manner,” said Edward J. Ryan, Descartes’ CEO. “MCP directly complements our investment in MacroPoint, and we’re excited to welcome the employees, customers and partners into the Descartes family.” According Descartes acquired MCP for up-front consideration of approximately $USD 24 million satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $USD 6 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.