Business Archives

IANA president, CEO Joni Casey announces retirement

Bruce Guthrie - July 18, 2024

CALVERTON, Md. — After nearly three decades of leadership, Joni Casey has decided to call it quits effective the end of 2024. For 27 years Casey has served as president and CEO of the Intermodal Association of North America (IANA). Recently she announced via press release that she will be retiring at the end of 2024. In response to this news, IANA’s Board of Directors has initiated a search to identify her successor, ensuring a seamless transition and continuity of the organization’s mission, according to its release. “It has been a privilege and an incredible opportunity to witness and contribute to the evolution and growth of the intermodal industry,” Casey said. “I am proud of IANA’s accomplishments on behalf of intermodalism and our members over the years. And I am deeply appreciative of the guidance and support I have received from the Board of Directors and the staff of the Association,” Casey added. “Their efforts have been instrumental to the organization’s success.” According to the organization’s release, under Casey’s leadership, IANA has achieved significant milestones, notably the growth in membership from several hundred companies to more than 1,000; the creation and expansion of industry technology programs under its Intermodal Information Services; the Scholarship Program aimed at fostering the next generation of talent in freight and intermodal transportation, with cumulative awards exceeding $5.3 million; and the initiation of an industry Advocacy Program designed to increase the Association’s visibility before policymakers. Casey is a career association executive, and prior to joining IANA was the Executive Director of the American Trucking Associations’ Intermodal Council, and the President and CEO of the Transportation Intermediaries Association (TIA). Trevor Ash, Chair of IANA’s Board of Directors and CEO of CIE Manufacturing, boasted of Casey’s accomplishments and career saying, “Joni’s transformative leadership has shaped IANA into a dynamic organization poised to address the evolving needs of the intermodal community. Her legacy is one of innovation, resilience, and steadfast commitment to advancingintermodal transportation.”

CH Robinson launches innovative Digital Dispatch powered by AI

Dana Guthrie - July 18, 2024

EDEN PRAIRIE, Minn. — Global logistics company C.H. Robinson has announced a major efficiency for carriers through the launch of Digital Dispatch, its enhanced load matching platform. “In a dynamic and ever-shifting freight marketplace, carriers need real-time access to freight to secure loads before they disappear,” said C.H. Robinson Vice President of Digital Brokerage, Cody Griggs. “This need is even more critical today as the competition for available loads intensifies. Not only does Digital Dispatch send loads in real-time giving carriers a “first look”, but they are also highly relevant, allowing them to secure the best suited freight for their network, and in turn driving better business outcomes and improved service for customers.” A real-time algorithm instantly sends highly relevant load recommendations as soon as freight becomes available Utilizing a new algorithm powered by data science and artificial intelligence (AI), Digital Dispatch analyzes a broad range of data to offer more timely and precise load recommendations based on a carrier’s unique search history and preferences within Navisphere Carrier. The technology proactively provides carriers with real-time, hyper-customized recommendations, sent immediately via text or email, as soon as a suggested load becomes available reaching carriers wherever they are through their preferred channel of communication. Traditionally, finding freight required carriers to engage in time-consuming manual processes, including phone calls and browsing through large load boards. Today, Digital Dispatch optimizes the full process, including more timely and immediate alerts through text or email. Instead of sending recommendations in bulk batches, the technology now instantly notifies carriers to a single load at a time giving carriers a competitive advantage to secure relevant freight before it’s gone. On average, Digital Dispatch books loads four times faster than traditional methods, transforming hours spent searching into valuable hauling time. Additionally, the load-matching engine uses enhanced data to provide more tailored and precise recommendations. The technology moves beyond long-term booking history and utilizes more immediate data sources, including a carrier’s real-time search activity and truck posts, to pinpoint where loads are needed now, helping to reduce empty runs. Digital Dispatch combs through nearly 1.2 million searches daily analyzing patterns such as preferred routes, equipment types, and load origins and destinations to provide personalized recommendations. “We are seeing carriers book 40% of their C.H. Robinson loads through our Digital Dispatch program, allowing them to access loads tailored to their specific needs at lightning-fast speeds,” Griggs said. “This early adoption reinforces that this is a game-changer for carriers looking to stay ahead of the competition and scale their business.” Some of the technical advancements with the origram include: Increases efficiency: Immediate alerts enable carriers to drastically reduce the time spent searching for loads. Maximizes earnings: By cutting search time and maximizing road time, carriers can boost delivery frequency and income. Minimize empty miles: Digital Dispatch matches loads with carriers’ specific routes and availability, reducing empty miles and optimizing routes driven. Digital Dispatch first became available in February to contract carriers that own 1-10 trucks, with plans to expand to larger carriers in the future. For more information, visit chrobinson.com/en-us/carriers/

Ryder noted as one of ‘America’s greatest workplaces’ for 2024

Dana Guthrie - July 18, 2024

MIAMI, Fla. — Ryder System Inc. has been named by Newsweek as one of America’s Greatest Workplaces for 2024. “Ryder is incredibly proud to be recognized as one of America’s Greatest Workplaces for 2024,” said Ryder Chairman and CEO Robert Sanchez. “This honor reflects our commitment to cultivating a positive, inclusive, and innovative work environment for our employees. We believe that investing in our workforce is the key to our success.” Newsweek and market-data research firm Plant-A Insights Group conducted a large-scale employer study based on more than 1.5 million comprehensive company reviews from over 250,000 employees. The award spotlights 1,500 American workplaces across 78 industries and rates them on a five-star scale. As one of the largest independent assessments of employee feedback in America, the study includes employee interviews on 15 key areas, including corporate culture, working conditions, workforce diversity, sustainability, career development opportunities, company reputation, and other aspects. “Finding a great workplace is an important decision that needs to factor in pay, respect, training, and advancement as well as healthy work-life balance,” said Newsweek Global Editor-in-Chief Nancy Cooper. “’Newsweek’ and market-data research firm Plant-A Insights are proud to publish ‘America’s Greatest Workplaces 2024,’ the second annual ranking that highlights companies which are committed to offering a positive and supportive working environment.” In a press release, Ryder added that the recognition also highlights the company’s commitment to employee excellence and workplace innovation “Ryder is proud to be included in ‘Newsweek’s’ list of America’s Greatest Workplaces for the first time and earning a 4.5-star score,” Ryder said. “In addition, Ryder was recently recognized by Newsweek as one of America’s Greatest Workplaces for Diversity and one of America’s Greatest Workplaces for Women.”

Truck Parking Club joins the Trucker Path Marketplace

Dana Guthrie - July 18, 2024

PHOENIX, Ariz. — Trucker Path has announced the inclusion of Truck Parking Club as the latest member of the Trucker Path Marketplace. “Finding daily truck parking remains one of the biggest challenges for drivers,” said CMO at Trucker Path, Chris Oliver. “Through our partnership with the Truck Parking Club, the one million professional truck drivers who use the Trucker Path app now have an easy way to search for daily parking at locations in more than 30 states, find the closest spot in a matter of seconds and make a reservation. This new partnership is the latest way we’re helping users of the Trucker Path app simplify life on the road.” Truck Parking Club partners with trucking companies, truck repair shops, CDL schools, and other entities that can accommodate truck parking at convenient locations for truck drivers. “The Truck Parking Club provides parking at convenient locations that are listed by property owners,” the groups said in a press release. “Members [can] add truck, trailer and company information to their accounts that is auto populated, making it quick and simple to secure future bookings.” The integration brings the ability to easily search for parking at over 500 locations, view facility details and secure parking reservations Drivers who join the Truck Parking Club through the Marketplace in the Trucker Path app have the availability to access several perks including: Access facilities for daily parking in advance. Some locations may also offer hourly, weekly and/or monthly rates. Search for parking using an interactive map that displays available locations, with each parking spot pinned with the facility’s name and its daily price. Search for parking when planning a route or by finding a parking spot near a specific location. View parking location information, including daily costs and available spaces, as well as amenities such as restrooms, 24/7 access, etc., and contact 27/7/365 customer support (staffed by former drivers) to ask any questions. “Truck Parking Club was created to help truckers save time and fuel by finding and instantly reserving truck parking across the U.S.,” said Truck Parking Club CEO, Evan Shelley. “Our solution brings more truck parking online quickly by enabling owners to list space on their existing yards and properties. Our trucker members, and now Trucker Path users, are then able to quickly search and reserve available truck parking spaces, allowing them to plan a trip with confidence knowing they have a parking space. We are excited to be in the Trucker Path Marketplace, as we think our solution is a perfect fit alongside the existing features Trucker Path offers its users.”

DAT: Truckboard volumes slip in June after strong May showing

Dana Guthrie - July 18, 2024

BEAVERTON, Ore.— According to DAT Freight & Analytics, spot truckload rates rose in June despite declines in the number of loads moved. “The month ended strong for dry van freight, with nearly 25% more volume moving during the final week of June compared to last year,” said DAT chief of analytics Ken Adamo. “While demand for trucking services entered July on a high note, we expect freight activity to ease during the summer. This remains a challenging market for freight carriers and brokers.” The DAT Truckload Volume Index (TVI), an indicator of loads moved during a given month, retreated from all-time highs for van and refrigerated (“reefer”) loads in May: Van TVI: 266, down 9% month over month Reefer TVI: 199, down 11% Flatbed TVI: 279, down 7% According to DAT, year over year, the van and flatbed TVI dipped 3% and 5%, respectively. The reefer TVI was up 7% compared to June 2023. Spot rates rose for all three equipment types and the national average spot truckload rates increased for the third consecutive month in June: Spot van: $2.07 per mile, up 6 cents Spot reefer: $2.45 a mile, up 4 cents Spot flatbed: $2.53 a mile, up 1 cent “The average van linehaul rate was $1.64 a mile, up 6 cents compared to May,” DAT said in a press release. “The reefer rate gained 5 cents to $1.99 and the flatbed rate increased 1 cent to $2.02. Linehaul rates subtract an amount equal to an average fuel surcharge.” National average rates for contracted van and reefer freight ticked higher: Contract van rate: $2.44 per mile, up 1 cent Contract reefer rate: $2.81 a mile, up 2 cents Contract flatbed rate: $3.14 a mile, down 2 cents The national average van and reefer load-to-truck ratios increased for the fourth straight month in June, reflecting a combination of higher demand and fewer trucks in the marketplace: Van ratio: 4.7, up from 4.4 in May, meaning there were 4.7 loads for every van truck on the DAT One marketplace Reefer ratio: 7.0, up from 6.3 Flatbed ratio: 14.6, down from 18.0 DAT added that ratios were higher year over year. In June 2023, the average van ratio was 3.5, the reefer ratio was 5.5, and the flatbed ratio was 13.3. Load-to-truck ratios reflect truckload supply and demand on the DAT One marketplace and indicate the pricing environment for spot truckload freight.

JB Hunt’s Q2’24 financial report shows revenue decline in several areas

Bruce Guthrie - July 18, 2024

LOWELL, Ark. — One of the nation’s top carriers reported a slight decline in earnings. J.B. Hunt Transport Services Inc. announced via a recent media release its second quarter 2024 United States Generally Accepted Accounting Principles (U.S. GAAP) net earnings of $135.9 million, or diluted earnings per share of $1.32 versus second quarter 2023 net earnings of $189.6 million, or $1.81 per diluted share. Total operating revenue for the current quarter was $2.93 billion, compared with $3.13 billion for the second quarter 2023, a decrease of 7%, according to its release. J.B. Hunt officials stated that the decline in revenue was primarily driven by a 5% decrease in gross revenue per load in Intermodal (JBI) and a decline in load volume of 25% in Integrated Capacity Solutions (ICS), 9% in Truckload (JBT), and 9% in Dedicated Contract Services (DCS®). The news wasn’t all bad. The declining items were partially offset by Final Mile Services (FMS) revenue growth of 5%, which J.B. Hunt stated was primarily driven by new contracts implemented over the past year, and a 5% increase in revenue per load in ICS. Current quarter total operating revenue, excluding fuel surcharge revenue, decreased 6% versus the comparable quarter 2023. Operating income for the current quarter has also decreased 24% to $205.7 million versus $270.7 million for the second quarter 2023. The decrease in operating income was primarily due to lower revenue, and higher insurance and claims, equipment-related, and certain personnel-related expenses. Operating income as a percentage of gross revenue decreased year-over-year as a result of the same aforementioned expense items, partially offset by lower rail and truck purchased transportation costs as a percentage of gross revenue. Net interest expense for the current quarter increased approximately 38% from the second quarter 2023 due to higher effective interest rates and consolidated debt balance, partially offset by higher interest income. The effective income tax rate was 26.8% in the current quarter compared to 26.0% in the second quarter 2023. We continue to expect our 2024 annual tax rate to be between 24.0% and 25.0%. Intermodal (JBI) Second Quarter 2024 Segment Revenue: $1.41 billion; down 5%. Second Quarter 2024 Operating Income: $99.2 million; down 31%. Intermodal numbers were a bit back and forth, but the result was an overall decline. While intermodal volume decreased 1% over the same period in 2023, transcontinental network loads increased 4%, and eastern network loads decreased 7% compared to the second quarter 2023. J.B. Hunt stated that while experiencing some seasonal build in demand through the quarter, overall performance continued to be pressured by the soft freight market and its impact on over-the-road truck competition in the eastern network. Segment gross revenue decreased 5% from the prior-year period, reflecting the 1% decrease in volume and a 5% decrease in gross revenue per load, resulting from changes in customer rates, fuel surcharge revenue, and the mix of freight. Revenue per load excluding fuel surcharge revenue decreased 4% year-over-year. J.B. Hunt’s July 17 release summarized that operating income decreased 31% compared to the second quarter 2023 primarily from a combination of lower yields and the underutilization of assets in the network. JBI segment operating income as a percentage of segment gross revenue “declined versus the prior-year period as a result of increases in professional driver and non-driver wages and benefits, ownership costs of underutilized equipment, higher equipment and maintenance expenses, and higher insurance and claims expense, as a percentage of gross revenue,” the release stated. “During the period, we onboarded 1,862 new pieces of trailing equipment. We ended the quarter with approximately 121,200 containers and 6,200 power units in the dray fleet.” Dedicated Contract Services (DCS) Second Quarter 2024 Segment Revenue: $851 million; down 4%. Second Quarter 2024 Operating Income: $96.4 million; down 15%. J.B. Hunt’s release stated that Dedicated Conrtract Services (DCS) revenue decreased 4% during the current quarter over the same period 2023 driven by a 1% decline in average trucks combined with a 3% decline in productivity (revenue per truck per week). Productivity excluding fuel surcharge revenue decreased 3% from a year ago driven primarily from lower utilization and increases in idled equipment, partially offset by contracted indexed-based price escalators. According to J.B. Hunt’s release, on a net basis, there were 339 fewer revenue-producing trucks in the fleet by the end of the quarter compared to the prior-year period and 365 fewer versus the end of the first quarter 2024. Customer retention rates are approximately 88%, largely reflecting downsizing of fleets and to a lesser extent account losses, as compared to the prior-year period. Operating income decreased 15% from the prior-year quarter primarily from lower revenue, higher insurance and claims, equipment-related and bad debt expenses and higher new account start-up costs as compared to the prior-year period. These items were partially offset by lower maintenance costs and the maturing of new business onboarded over the past trailing 12 months. Integrated Capacity Solutions (ICS) Second Quarter 2024 Segment Revenue: $270 million; down 21%. Second Quarter 2024 Operating Loss: $(13.3) million; vs. $(4.4) million in Q2’23. ICS revenue declined 21% during the current quarter versus the second quarter 2023. Overall segment volume decreased 25% versus the prior-year period. By slight contrast, revenue per load increased 5% compared to the second quarter 2023 due to increases in both contractual and transactional rates as well as changes in customer mix. “Contractual volume represented approximately 61% of the total load volume and 59% of the gross segment revenue in the current quarter compared to 66% and 64%, respectively, in second quarter 2023, per the release. Operating loss was up considerably at $13.3 million compared to an operating loss of $4.4 million in the second quarter 2023. “The increase in operating loss was largely driven by a $4.9 million decrease in gross profit, higher insurance and claims costs, and integration and transition costs related to the purchase of the brokerage assets of BNSF Logistics,” officials said. “These items were partially offset by lower personnel-related expenses and reduced technology costs. Gross profit declined 11% versus the prior-year period as a result of lower revenue, despite gross profit margins improving to 14.8% compared to 13.0% in the prior-year period. This reflects intentional yield management and discipline during bid season and better execution on capacity procurement. The ICS carrier base decreased 24% year-over-year, largely driven by changes to carrier qualification requirements to mitigate cargo theft.” Final Mile Services (FMS) Second Quarter 2024 Segment Revenue: $235 million; up 5%. Second Quarter 2024 Operating Income: $19.8 million; up 33%. FMS revenue’s increase of 5% was a big bright spot for JB Hunt it its report. The comparison data comes from the same period in 2023. J.B. Hunt said the increase was primarily driven by multiple new contracts implemented over the past year. This was partially offset by ongoing efforts to improve revenue quality and profitability across various accounts which resulted in some loss of business in addition to general weakness in demand across some of the end markets served,” the release stated. Operating income increased 33% compared to the prior-year period. Second quarter 2024 included a $1.1 million net benefit from two offsetting claim settlements. According to J.B. Hunt’s release, “excluding this impact, operating income increased primarily from higher revenue and lower personnel, equipment-related, and bad debt expenses compared to the prior-year period. These items were partially offset by higher building maintenance expense and loss on sale of equipment as compared to the prior-year period.” Truckload (JBT) Second Quarter 2024 Segment Revenue: $168 million; down 12%. Second Quarter 2024 Operating Income: $3.5 million; down 7%. JBT revenue decreased 12% compared to the same period in the previous year. Revenue excluding fuel surcharge revenue decreased 13% due to a 9% decline in load volume and a 4% decline in revenue per load excluding fuel surcharge revenue. Total average effective trailer count decreased by approximately 500 units, or 4% versus the prior-year period. Trailer turns in the quarter were down 5% from the prior period primarily due to weaker overall market demand compared to the second quarter 2023. JBT operating income decreased 7% to $3.5 million compared to the second quarter 2023. The decrease in operating income was primarily driven by the decline in revenue. JBT segment operating income as a percentage of segment gross revenue improved slightly year-over-year as a result of overall cost management initiatives, partially offset by higher third-party capacity cost and insurance and claims expense as a percentage of gross revenue. Cash Flow and Capitalization As of June 30, 2024, the company had approximately $1.48 billion outstanding on various debt instruments compared to $1.45 billion at June 30, 2023, and $1.58 billion at Dec. 31, 2023, according to the press release. The company’s net capital expenditures for the six months ended June 30, 2024, did sharply decline to an approximated $409 million compared to $854 million for the same period 2023. At June 30, 2024, the company had cash and cash equivalents of approximately $54 million. “In the second quarter 2024, we purchased approximately 1,225,000 shares of common stock for approximately $203 million,” the release stated. “At June 30, 2024, we had approximately $163 million remaining under our share repurchase authorization. Actual shares outstanding at June 30, 2024 approximated 102.0 million.”

John Fuller wins Landstar truck giveaway

Bruce Guthrie - July 18, 2024

JACKSONVILLE, Fla. — Achieving the Million Mile Safe Driver distinction can have a big reward. Ask John Fuller of Monroe, Wisconsin. He was the lucky winner of at 2025 Freightliner Cascadia earlier this month at the Landstar System BCO All-Star celebration in Orlando, Florida. The All-Star Truck Giveaway, what the company called highlight of Landstar’s event, is exclusively reserved for Landstar Million Mile Safe Drivers and Roadstar honorees — the designation awarded to the “best of the best” for high levels of safety, productivity and excellence in customer service, according to a press release issued by Landstar. This is the 49th truck Landstar has given away in its history, and the 11th truck awarded specifically to a Landstar Million Mile Safe Driver or Roadstar recipient. This year’s truck was sponsored in part by Comdata, and the prize includes all registration fees and taxes paid by Landstar. “John certainly deserves to win this new truck after having safely driven, not one, but two million miles, and helped set the industry standard for safety and service excellence as a Landstar Roadstar,” said Landstar President and CEO Frank Lonegro. “Our congratulations to John, and all the men and women who were recognized for their individual achievements as Landstar Million Mile Safe Drivers and Roadstar recipients.” Fuller leased to Landstar as an independent owner-operator in 2003. He achieved his first million miles as a safe driver in 2012. Just two years later, he was recognized as a Landstar Roadstar honoree for consistently proving his commitment to safety and excellence. Fuller accepted his 2 Million Mile Safe Driver award at the BCO All-Star Celebration shortly before he was called to the stage again, this time, as one of four finalists randomly drawn from the pool of Landstar owner-operators eligible to win the truck giveaway. Then, the finalists each selected one of four boxes, one of which contained the key to the new truck. Randy Morgan, Comdata President, North America Trucking/Enterprise to the stage to help with the All-Star Truck Giveaway. “It’s a privilege to be involved with an event and organization that acknowledges the skills and dedication of the men and women who play a crucial role in making the roads safer for us all,” said Morgan. “We are thankful for our sponsors, like Comdata, for helping us recognize and reward our independent owner-operators with the chance to win a life-changing prize,” Lonegro said.

Sheetz plans to open four new locations with diesel lanes

Erica N. Guy - July 17, 2024

Altoona, Penn. — Sheetz will open four new stores this August, each featuring diesel lanes with high-flow diesel fuel and diesel exhaust fluid (DEF) for commercial trucks, along with a truck scale and free overnight parking spaces for truckers. The new store locations include: Middletown, Virginia: Located at 121 Confidence Lane, this new store will include nine truck driver lanes and can be easily accessed from Interstate 81 at exit 302. Asheville, North Carolina: Located at 5440 Asheville Highway in Hendersonville, this new store will feature four truck driver lanes and can be easily accessed from Interstate 26 at exit 44. Warsaw, North Carolina: Located at 2543 W NC 24 Highway, this new store will include five truck driver lanes and can be easily accessed from Interstate 40 at exit 364. Romulus, Michigan: This location, Sheetz’s first store in Michigan, is at 33380 Wick Road. The store will include four truck driver lanes and can be easily accessed from Interstate 94 at exit 197. Each new store opening will feature grand opening festivities, including free self-serve coffee and soda for the entire grand opening day. Multiple prizes will be awarded, including a grand prize giveaway of free Sheetz for a Year (a $2,500 Sheetz gift card). Customers attending the grand openings are encouraged to donate a nonperishable food item, which will go to a local nonprofit. Those who donate will receive a Sheetz-brand thermal bag (limit one per customer). Sheetz currently operates more than 740 stores in Pennsylvania, North Carolina, Virginia, West Virginia, Ohio and Maryland — and each is open 24/7, 365 days a year. Customers can check if other Sheetz locations sell high-flow diesel fuel and Diesel Exhaust Fluid (DEF) through the Sheetz mobile app or the Sheetz website by filtering a search for “truck diesel” and/or “Bulk DEF.”

ACT Research: Preliminary net trailer orders for June reflect continued slowdown

Erica N. Guy - July 17, 2024

COLUMBUS, Ind. — Preliminary net trailer orders rose slightly from May to June, but at 6,300 units, they were lower than last June — down 19% year over year. Seasonal adjustment in the cycle boosts June’s tally to 8,100 units. (Final June results will be available later this month. This preliminary market estimate should be within ±5% of the final order tally.) “This month’s data show 26,000 trailers were ordered in Q2’24, a 14% contraction compared to the same quarter in 2023. June’s net orders bring the year-to-date tally to 74,500, a reduction of 23,900 units, or 24% lower, compared to the first half of last year,” said Jennifer McNealy, director of commercial vehicle market research and publications at ACT Research. “This year’s slower trailer orders are no surprise given the elevated order velocity of the past few years — and with continuing weak for-hire truck market fundamentals and already-filled dealer inventories, it looks like trailer demand is likely to remain constrained for some time,” she continued. “That said, it is important to remember that for orders, we are now in the weakest months of the annual cycle, minimally suggesting there is no catalyst for stronger orders before the fall and the OEMs’ opening of their 2025 order books.” McNealy says she expects to see fleets starting to make more money during the second half of 2024, allowing businesses to invest in new equipment. However, she noted, “The impact likely will be muted for the trailer industry, as we continue to expect their willingness to spend will lean toward the purchase of new power units ahead of the EPA’s implementation of 2027 regulations, which we believe has already begun.” Overall, she predicts, recovery will remain slow. “Industry anecdotes suggest that the ‘pause button’ is expected to remain pressed through the remainder of 2024,” she said. “The industry’s largest segments remain under pressure, cancellations remain elevated as dealers and fleets recalibrate their needs, and external forces like the US presidential election, low used equipment prices, and high interest rates add to uncertainly into the near- and medium-term.”

Doug Vorst honored with Landstar’s Lifetime award

Bruce Guthrie - July 17, 2024

JACKSONVILLE, Fla. — Doug Vorst should be used to receiving honors as a business capacity owner (BCO) truck driver for Landstar System Inc. Vorst has been with the company since 1982. Earlier this month, Vorst was presented with a Lifetime Achievement Award at the BCO All-Star Celebration in Orlando, Florida. That award is the proverbial cherry on the top of a career during which Vorst has earned recognition as a 3-Million Mile Safe Driver as well as a being a Roadstar recipient in 1993. Vorst reached his first million miles of safe driving with Landstar in 1995, his 2 Million Mile Safe Driver award in 2008, and he was inducted as a 3 Million Mile Safe Driver in 2022. “Vorst continues to add to his impressive career as an operator for Landstar Inway, Inc. and, to date, has driven more than 3.23 million miles while leased on with a Landstar company without a preventable accident,” a release from Landstar stated. “Vorst also has earned two Landstar Star of Quality awards, and a National Safety Council Driver Honor. During the award presentation, Landstar President and CEO Frank Lonegro commended Vorst on his commitment to safety. “Thank you for four decades of dedication to Landstar and to exemplifying safety, excellence, and professionalism as you’ve navigated well over 3 million miles,” Lonegro said. “We look forward to many more years and many more miles.” Out of what the company says are tens of thousands of owner-operators who have been leased to Landstar during the company’s history, only 11 BCOs have received this award. Landstar’s BCO Lifetime Achievement Award was introduced during the 2012 BCO All-Star Celebration. To be considered for the honor, nominees must be an active or retired Landstar BCO, Landstar’s term for independent truck owner-operators leased to a Landstar motor carrier, who has been with Landstar for at least 20 consecutive years. Nominees must be at least a 2 Million Mile Landstar Safe Driver and have consistently demonstrated professionalism by developing a positive reputation with regulatory and enforcement personnel, customers, agents and Landstar employees, as well as through industry recognition. The honoree must also be a Landstar Roadstar recipient. The Roadstar designation is one of Landstar’s highest honors for truck owner-operators awarded to the “best of the best” for their high levels of safety, productivity and excellence in customer service.

Landstar honors 2023 class of Million Mile Safe Drivers

Bruce Guthrie - July 16, 2024

ORLANDO, Fla. — July 7, 2024, was a big day for 109 OTR drivers. Landstar released photos and results of a group that were recently recognized the achievements and skills of the newest class of Million Mile Safe Drivers and Roadstar designees among its network of independent owner-operators. An awards ceremony and giveaway took place during Landstar’s Annual BCO All-Star Celebration held in Orlando, Florida, July 7. Landstar inducted the Class of 2023 which includes 109 new 1 Million Mile Safe Drivers, 20 new 2 Million Mile Safe Drivers, one new 3 Million Mile Safe Driver and one new 4 Million Mile Safe Driver. Earning the Landstar Roadstar distinction were 13 individuals recognized for their high levels of safety, productivity and excellence in customer service. Already a 3-Million Mile Safe Driver and Roadstar reciepient, Duane Vorst was honored with a Landstar BCO Lifetime Achievement Award. Landstar 2 Million Mile Safe Driver and Roadstar Honoree John Fuller Won a New 2025 Freightliner Cascadia truck in the 49th Landstar truck giveaway; this was the 11th truck awarded specifically to a Landstar Million Mile Safe Driver or Roadstar recipient.

Atlas appoints Ryan Parmenter as chief information officer

Bruce Guthrie - July 16, 2024

EVANSVILLE, Ind. — Atlas has named its new chief information officer. In a recent release the company announced the appointment of Ryan Parmenter to chief information officer. In his new role, Parmenter will oversee the information technology functions for Atlas World Group and its 10 subsidiaries, including technology capabilities, resources, and assets, according to the company’s release. The company says that Parmenter’s primary focus will be on establishing the technology vision and roadmap to support its short, medium, and long-term business objectives. He will also ensure all technology operations and deliverables exceed business needs while continually enhancing the technology talent pool and providing the efficient, effective use of resources. “Ryan’s 23 years of IT experience with Atlas has significantly elevated our team’s technology and overall logistics. We’re thrilled to appoint him as chief information officer for Atlas,” said Ryan McConnell, president and COO of Atlas Van Lines. “He’s been a strong asset to our leadership team, and we’re excited about his new role.” According to a company bio, Parmenter joined Atlas in 2001 as a software engineer and has held roles of increasing scope and responsibility over his time with the company. During his tenure, Parmenter has provided guidance and enhancement of logistics and household goods transportation systems. In his most recent role as vice president of information technology, Parmenter led an experienced technology team and oversaw the strategic technology committee ensuring Atlas remained a technology leader in the relocation and logistics industry. “I look forward to leading Atlas’ IT initiatives to new heights. By leveraging technology to drive innovation, enhance our services, and streamline operations, we will continue to deliver exceptional value to our customers, employees, and agents,” said Parmenter. “It is a privilege to continue serving on Atlas’ senior leadership team and drive success within our digital ecosystem to support all areas of the business.” Before his career at Atlas, Parmenter developed key business applications for ARS Group, a marketing research company based in Evansville, Indiana. He is a graduate of Truman State University. Parmenter also serves in various technology roles in his community including as chairman of the University of Southern Indiana IT Alliance and a member of the Evansville Information Executive’s Group (EIEG). In his spare time, he volunteers for the Isaiah 117 House and chairs its Local Advisory Team (LAT). He also serves on international mission trips with The Turning Pointe Church.

Leonard’s Express partnering with Optimal Dynamics

Bruce Guthrie - July 16, 2024

NEW YORK — In hopes of significant value, both on and off the road, Optimal Dynamics, a company that touts itself as “the pioneer in artificial decision intelligence for trucking companies,” announced a partnership with Leonard’s Express, a transportation services provider. The goal of the partnership, according to a release, is to “elevate processes, technology, and communication. This partnership with Optimal Dynamics enables Leonard’s Express to focus on its core value of innovation while planning for long-term success.” “After extensive market research and vendor evaluation, we found Optimal Dynamics to have the science, the technology, and the team to transform our internal operations,” said Michael McGovern, Executive Vice President of Operations at Leonard’s Express. “Optimal Dynamics will ensure peak performance and enable us to efficiently scale the business.” In its processes, Optimal Dynamics’ artificial decision intelligence “takes in all data points from requirements to preferences, plans holistically throughout the network, and accounts for future uncertainties that arise. Removing guesswork and enabling the team to make swift, confident load acceptance and dispatch decisions was the key to continuous improvement at Leonard’s Express,” the release stated. Both Optimal Dynamics and Leonard’s Express hope for substantial benefits, notably in enhancing driver experience and optimizing planning processes. Success means drivers can anticipate improved miles, home time alignment, and heightened synergy with company objectives, the release states. Simultaneously, planners stand to gain from optimized load acceptance recommendations, enabling swift, confident decision-making devoid of reliance on gut feeling and manual calculations. “We are excited to partner with Leonard’s Express, prioritizing advancements in driver experience and operational efficiency,” expressed Daniel Powell, Co-founder and CEO at Optimal Dynamics. “Our partnership is anchored in a shared vision to empower carriers with artificial decision intelligence that enables organizational scale and increased throughput.”

Dana Inc. names Brian Pour president of commercial vehicle business

Dana Guthrie - July 16, 2024

MAUMEE, Ohio — Dana Inc. has appointed Brian Pour as senior vice president and president of Dana commercial vehicle drive and motion systems. “We are pleased to be adding a distinguished leader in our industry, such as Brian, to Dana’s leadership team,” said Dana Chairman and CEO James Kamsickas. “He brings proven global experience to this role, including an extensive background in the mobility, commercial, and industrial markets. His deep technical and operational background, international and general management experience, and an acute understanding of the broader mobility market uniquely positions him to lead Dana’s Commercial Vehicle Business Unit.” Pour succeeds Aziz Aghili, who recently retired from Dana. Pour will step into the position effective July 22. With more than 30 years of experience in developing, managing, and leading global businesses within the mobility industry, Pour spent the past seven years as president and CEO of Auria Solutions Ltd., a global supplier of automotive flooring, acoustical, thermal and aerodynamic solutions. Prior to leading Auria, Pour served as the global COO of International Automotive Components (IAC), after having spent the previous eight years on international assignment in China as the vice president of IAC Asia. Before joining IAC, Pour held key technical and operational leadership roles with both Lear Corp. and Textron Automotive in the U.S. and Japan, where he spent three years. He holds a bachelor of science degree in mechanical engineering from Kettering University.

Kriete acquires La Crosse Truck Center

Dana Guthrie - July 16, 2024

LA CROSSE, Wis. — Kriete Truck Centers, headquartered in Milwaukee with 10 locations across Wisconsin, has acquired La Crosse Truck Center in La Crosse, Wisconsin. “We’re thrilled to continue expanding our ability to serve customers across the state and provide our associates with additional opportunities to learn and grow,” said Kriete Truck Centers President and CEO David Kriete. “As stewards of our brands, our community and our customers, we couldn’t be more excited about this key milestone in achieving our mission.” The acquisition authorizes Kriete to sell and service Mack trucks in both La Crosse and Mauston and Isuzu trucks in La Crosse. “Congratulations to Kriete Truck Centers for its investment and acquisition to expand its service and support to the La Crosse and Mauston areas of Wisconsin,” said President of Mack Trucks North America Jonathan Randall. “Just as Mack continues to invest in our customers through products and services, our dealers continue to invest in the Mack brand.” In parallel with this acquisition, Kriete Truck Centers’ existing La Crosse location will undergo a major facility renovation. “All of us at Isuzu Commercial Truck of America Inc., are excited to welcome Kriete Truck Centers to the Isuzu family,” said President of Isuzu Commercial Truck of America Inc. Shaun Skinner. “We look forward to working with Kriete in continuing to support customers.”

Ryder set to acquire Pit Stop Fleet Service, expand Torque by Ryder in 20 states

Dana Guthrie - July 16, 2024

MIAMI, Fla. — Ryder System, Inc. (Ryder) has entered into a definitive agreement to acquire Pit Stop Fleet Service (Pit Stop), enabling the expansion and further strengthening of Ryder’s Torque by Ryder retail mobile maintenance business offering. “With our complementary retail mobile maintenance fleet services across diverse industries and markets, we now have even greater economies of scale and offer unparalleled flexibility for fleets requiring swift maintenance services,” said President of Fleet Management Solutions at Ryder, Tom Havens. The transaction, which Ryder expects to complete by August 1, subject to customary closing conditions, is expected to add approximately $24 million in gross revenue to Ryder’s Torque by Ryder business in 2025 and provide incremental growth to Ryder’s earnings. The financial terms of the deal have not been disclosed. According to Ryder, the company expects the transaction to create synergies and to benefit both Ryder and Pit Stop customers. To ensure a seamless experience for customers, Ryder will fully integrate Pit Stop employees, assets, and operations. Ron and Connie Perry, who co-founded Pit Stop in 1997, will help support the integration into Ryder. “In thinking about the future, I wanted to make sure our employees are in a company that will give them ample opportunities to grow, and our customers are in the best possible hands,” Ron said. “I believe Ryder is the ideal home for both.” Venice, Fla. based Pit Stop offers retail mobile commercial fleet maintenance, including battery, tire and transmission repairs, preventative maintenance and breakdown assistance. “We chose Ryder to continue the legacy that we have built over the past couple of decades because of their company culture and operating alignment to always do right by the customer,” said Pit Stop Vice President John Croke. With this latest acquisition, Ryder’s retail mobile maintenance services will be available in 140 markets in 20 states: Alabama, Arkansas, Arizona, Florida, Georgia, Indiana, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, Nevada, New Mexico, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Ryder also said that the company plans to further expand into additional states later this year. Since its launch in the summer of 2023 and with this acquisition, Torque by Ryder has a workforce of about 200 technicians, delivering comprehensive support to customers. This includes a wide range of vehicles serviced, including commercial trucks, trailers, delivery vans, refrigerated vehicles, construction and utility vehicles, passenger and shuttle buses and emergency response vehicles.

PITT OHIO debuts next-day shipping lanes

Dana Guthrie - July 16, 2024

PITTSBURG, Pa. — PITT OHIO, has announced the launch of next-day LTL shipping lanes from Columbus, Cincinnati and Toledo, Ohio, to Buffalo, New York. “We are excited to offer our customers in Ohio a faster and more reliable option for shipping to Buffalo,” said PITT OHIO Executive Vice President and Chief Marketing Officer Geoff Muessig. “These new next-day lanes will help businesses reduce transit times, improve inventory management, and ultimately enhance customer satisfaction.” PITT OHIO, a leader in transportation, warehouse, and logistics services, developed the idea to improve customer service for its customers. “These next day lanes strengthen PITT OHIO’s network in the Northeast and provides businesses with a faster and more efficient way to move their goods,” the company said in a press release. “PITT OHIO has extensive equipment capabilities including liftgates and heated equipment. In addition to LTL, PITT OHIO has an array of ancillary services including warehousing, drayage, fleet management, freeze protection, and more.”

Getting in gear: After a slow start, under-21 pilot apprentice program gaining momentum

Dwain Hebda - July 16, 2024

When the Federal Motor Carrier Safety Administration (FMCSA) announced its Safe Driver Apprenticeship Pilot Program, a product of the Bipartisan Infrastructure Law enacted in 2021, the trucking industry breathed a long-overdue sigh of relief. At last, many thought, Washington had heard the industry’s pleas to create some path to allow drivers under 21 to operate in interstate commerce as a means to help ease the pervasive driver shortage. In the time since, however, the program has sputtered, attracting participation by only a handful of carriers. Virtually no small companies, which some believe the bill would benefit most, have stepped up to take part. Critics blamed the low response to what they described as excessive regulatory and reporting requirements in the program. The most criticized portions of which were requirements for participating carriers to register with the Department of Labor, mandating driver-facing cameras in the cab, and reporting requirements. Whatever the reason, the apprenticeship pilot was widely panned and appeared to be headed for the scrap heap. Not so fast, say some carriers who have given the program a try. Tim Chrulski, COO of Ohio-based Garner Trucking, a participant in the pilot program, says his company didn’t take much issue with the requirements of the program as written. “The program itself is one that, frankly, I’ve believed in for a long time,” he said. “Before all of this even started, we put together an apprenticeship program of our own so we could at least train drivers under the age of 21 to be able to operate in the state of Ohio,” he shared. “So, when this program came to fruition, it was extremely exciting for our organization. I think this is one of the best things to happen to the industry in a long time.” Some naysayers may be focusing on the wrong things. “First and foremost, the most important thing is that we have safe drivers driving tractor-trailers, because my family and your family are out on the same road sharing the same highways,” Chrulski said. “I think the way that the program is structured, with the amount of hours that you have to complete, the accountability for reporting, and the need for safety equipment inside the trucks — all of those things are beneficial, and really very productive for the program,” he said. New York-based Leonard’s Express was another early adopter of the apprentice program. Ken Johnson, the carrier’s CEO, says that, even before the pilot program was launched, the New York state trucking industry was already working on issues. “We were one of those few states that didn’t allow 18-year-olds to get their Class A, so we worked hard on getting that done,” he shared. “A lot of the reason we did it was because we knew that there was the possibility of the pilot program coming through from the federal government. We wanted New York state carriers to be able to participate in it.” Johnson says his company had no issue with the pilot’s requirements, having already established its own independent driving school, ensuring it was carrying the necessary insurance and equipping all of its trucks with cameras. “The only thing that we had to do was put the proper training parameters in place. It wasn’t that big of a hurdle for us to overcome,” he said. “Having never been involved in a federal government pilot program before, we really didn’t know what to expect,” Johnson continued. “Some of the rules that came out of DOT we thought stretched it some, but we also didn’t think that they were so stretched that we couldn’t achieve the goal.” The Safe Driver Apprenticeship Pilot Program is the most proactive attempt yet to produce safe, qualified younger drivers for interstate operation. The program outlines a training pathway by which 18- to 20-year-old apprentices complete two probationary periods. In addition, specific educational requirements must be completed as laid out in the program guidelines. Both Chrulski and Johnson believe that whatever shortcomings the program might have had were miniscule compared to the issue it was created to address. The industry’s driver shortage stretches back decades and is consistently cited as the biggest challenge facing the industry in terms of current capacity and future growth. Having a workable mechanism that safely moves young people into interstate driver jobs earlier is worth jumping through a few hoops, they said. “I hope they convert the pilot to where everyone can participate in it. I think it’s heading in the right direction,” Johnson said. “It’s imperative for the industry to have this to start attracting younger people. If you go to our typical first day of class at our driving school and you look around, it’s clearly people in their second or third careers,” he continued. “We need to find ways to lower the age and bring in people for whom trucking is a first career choice. I think the program provides that.” This spring, proponents of the pilot got some good news as the FMCSA issued an emergency request to the Office of Management and Budget for approval of program revisions. The request dropped the inward-facing camera requirement and mandatory registration with the Department of Labor. Hopefully, the changes will eliminate any remaining barriers and open the pilot program to wider participation across the U.S. “I personally believe that if you are going to have a complete picture of what’s going on behind the wheel you need that camera inside the truck anyway, and I think the amount of reporting is quite necessary as a part of the program,” Chrulski said. However, he noted, if the camera requirement was the deciding factor for a motor carrier to not participate in the apprentice program, that the FMCSA made a worthwhile decision. “I don’t know that there’s been anything I’ve been more passionate about than this apprenticeship program in all my years of trucking,” Chrulski said. “I just think this is the right decision for our industry and I just want to encourage other companies to embrace this and figure it out for themselves,” he continued.” I’m willing to help where I can and give some guidance where I can, because I just think this is the right thing to do for our industry.”

Load rates bounce back and then some from holiday droop

Bruce Guthrie - July 16, 2024

BEAVERTON, Ore. — According to data released recently, the number of loads posted on DAT One increased by almost 66% to 2.13 million last week. That is more than a significant recovery from the 48% drop from the July 4 week. The increase from a year ago was 6%. Data showed that truck posts also bounced higher, up 19% week over week to 327,847. The increase starts with dry van loads which were up 1.01 million, up 62.2% week over week, Van equipment was up by just over 19% to 215,244. Data also showed that load-to-truck ratio: 4.7, up from 3.6 Linehaul rate fell to $1.67 net fuel was down 3 cents week over week Reefers were up sharply as well according to the data released. Those loads stood at 475,682, up 44.4% week over week. Reefer equipment numbers good at 67,489, up 16.2%. The load-to-truck ratio stood at 7.1, up sharply from 5.8 Linehaul net fuel rate came in at $2.00 net fuel, down 4 cents Flatbed loads made the highest gains at 639,646, up 94.6% week over week with flatbed equipment loads up 22.5% at 45,114. Load-to-truck ratio was drastically higher at 14.2, up from 9.1. Linehaul rate at $2.05 net fuel was unchanged. DAT principle analyst Dean Croke made several observations including that dry van load post volume surged last week as retail goods moved for back-to-school shopping and Amazon Prime Days. Last week’s volumes were 7% higher than last year and almost identical to levels seen during the pandemic in 2020 and 2021. Croke also noted that the average linehaul rate on DAT’s Top 50 van lanes, based on the volume of loads moved, was $2.08 a mile, down 4 cents week over week and 41 cents higher than the national average Dry van equipment posts were up 19% week over week but the lowest Week 28 total since 2017. Croke said excess capacity in the spot market was evident as the average dry van and reefer linehaul rates dropped last week. The flatbed rate was unchanged. Flatbed load post volumes returned to within 2% year over year but were still 38% lower than the Week 28 eight-year average, excluding years impacted by the pandemic. Flatbed equipment posts were up 23% week over week but 24% lower than last year, according to Croke.

Diesel prices finally drop after three-week spike

Bruce Guthrie - July 16, 2024

After three weeks of increases in diesel prices, the trend has moved slightly downshifted. According to the Petroleum Administration for Defense District (PADD), part of the U.S. Energy Information Administration, the price of self-service diesel per gallon has dropped by roughly four cents per gallon from $3.865 per gallon to $3.826. The price dropped on the east coast from $3.934 to $3.904, but rose very slightly in New England from $4.101 to $4.109 which bucks the trend, especially in the east. Prices in the lower Atlantic from $3.861 to $3.829. The price per gallon in the midwest also fell sharply from $3.803 to $3.745. Gulf coast prices also dropped from $3.598 to $3.551. Even the California region fell slightly from $4.955 to $4.932.