Business Archives

Diesel prices continue to fall around nation

John Worthen - June 11, 2024

LITTLE ROCK, Ark. — For nine weeks in a row, the average price for a gallon of diesel fuel in the U.S. has dropped. According to the Energy Information Administration (EIA), the price fell to $3.658 as of June 10. That’s down from $3.726 on June 3 and $3.758 on May 27. Prices are down all across the country. The lowest price can be found along the Gulf Coast at $3.384 per gallon. The highest is in California at $4.911 per gallon on average. Along the East Coast, drivers can expect to pay $3.789 per gallon. According to the EIA, demand for distillate fuels, which are used in the trucking and home heating industries, has dropped to 3.67 million barrels a day due to sluggish manufacturing activity and a milder-than-expected winter. There’s also plenty of renewable fuel supply, the EIA notes. The two most immediate U.S. ultra-low sulfur diesel futures contracts settled in the steepest contango since 2020 on Friday, according to a Reuters report. A market is in contango when prices for commodities are lower now than for future deliveries.

PGT Trucking launches locations in Kentucky and South Carolina

Erica N. Guy - June 10, 2024

ALIQUIPPA, Pa. — PGT Trucking Inc. has opened two new locations, one in Ghent, Kentucky, and one in Spartanburg, South Carolina, according to a June 10 press release. “PGT Trucking is excited to open two new terminals, providing increased service opportunities for our customers and drivers in the Southeast,” said Chad Marsilio, chief operating officer for PGT Trucking. “Through PGT Ghent and PGT Spartanburg, our customers can expect safe, reliable and quality transportation solutions to move their freight. PGT’s proud professional drivers will also benefit from these centralized hubs.” The PGT Ghent location sits on 5 acres and offers ample truck parking, in addition to a brand-new building with an operations center, driver lounge and showers. The facility, at 3738 Highway U.S. 42 W., is positioned near several steel and building product customers and is operated by PKM Transportation Services, LLC. PGT Spartanburg, at 615 Simuel Road, offers office space, a driver lounge, on-site parking and a maintenance facility. This site will allow PGT to provide enhanced port delivery service, according to the release. “PGT Trucking continues to grow our operation across the U.S., solidifying our company as a premier leader in flatbed transportation solutions,” said Gregg Troian, president of PGT Trucking. “PGT remains committed to our customers, providing innovative services through the Future of Flatbed®, and to our drivers, securing their financial future with consistent freight. PGT Ghent and PGT Spartanburg will help us deliver on those promises.”

Piekos steps into leadership role at Atlas following retirement of Mary Beth Johnson

Erica N. Guy - June 10, 2024

EVANSVILLE, Ind. — Atlas Van Lines has hired Lauren Piekos to serve as vice president of business development, the company announced June 6. Piekos will replace Mary Beth Johnson, who is retiring after a 42-year career with the company. According to a company statement, Johnson has led the company through many industry-changing initiatives to ensure Atlas remained a leading van line. “It has been my privilege to work beside Mary Beth throughout my entire career at Atlas. On behalf of the Atlas team, we wish her happiness and joy during her retirement,” said Ryan McConnell, president and COO of Atlas. “We look forward to Lauren joining the team to complete a seamless knowledge transfer and transition of leadership from Mary Beth and look forward to the new places she will help guide us.” To help smooth the transition, Piekos worked closely with Johnson while moving into her new role. Piekos has more than a decade of experience in the consumer packaging goods industry, has extensive franchise marketing skills and is knowledgeable about the national franchise and consumer market. She is a graduate of Indiana University’s Kelley School of Business and has a Master of Business Administration degree from the University of Southern Indiana.

Damon Lee to join CH Robinson as CFO

Erica N. Guy - June 10, 2024

EDEN PRAIRIE, Minn. — C.H. Robinson Worldwide Inc. (C.H. Robinson) has appointed Damon Lee as its new chief financial officer (CFO), according to a statement released June 6. Lee will join C.H. Robinson team effective July 8 and will step into the role of CFO after the company’s Form 10-Q has been filed for the second quarter of 2024. Until then, Mike Zechmeister will continue to serve as C.H. Robinson’s CFO, after which he plans to retire. “We are excited to have Damon join our senior leadership team,” said Dave Bozeman, president and CEO of C.H. Robinson. “Damon’s extensive experience and expertise align perfectly with the high standards and forward-thinking mindset we prioritize at Robinson.” Lee currently serves as vice president and CFO for GE Commercial Engines and Services, a division of GE Aerospace. “I am looking forward to joining C.H. Robinson, an industry-leading company with a great history, as it takes the next steps in its transformation under Dave Bozeman and his team,” Lee said. “I am excited about the direction the company is going, the enterprise strategy, the adoption of the operating model and the commitment to innovation and expertise,” he continued. “I believe my experience and skills are a great match for the path forward, and Robinson’s continued logistics leadership.” Bozeman describes Lee as a highly accomplished finance leader with the ability to create and execute a comprehensive business strategy. “Damon’s deep experience with Lean and continuous improvement will be a significant benefit in further reinforcing our new operating model and executing our enterprise strategy,” Bozeman said. “He also has built and led high-performing teams, fostered collaboration, and developed personal connections that have enabled him to accelerate change.”

TSR rolls out guide to help fleets ensure proper use of seat belts

Bruce Guthrie - June 9, 2024

New York, N.Y. — A new initiative has been launched to help safety efforts on the highways. An announcement was made June 6 that Together for Safer Roads (TSR), a leading global NGO focused on building cross-sector partnerships to improve fleet trucking safety, announces the publication of “Seat Belt Safety Standard Operating Procedures: How to create and maintain a culture of safety by promoting seat belt safety procedures.” This new guide marks significant progress in establishing seat belt safety utilization standards as part of TSR’s Fleet Trucking Global Safety Standards Initiative. The initiative, launched during the 2023 UN Global Road Safety Week, aims to establish operator-focused guidelines and best practices for effective implementation of fundamental safety tools and technologies including: telematics, automatic braking, airbags,, side view mirrors, and seatbelts. The first phase has been dedicated to developing “Gold Star” Standard Operating Procedures (SOPs) aimed at increasing driver seat belt utilization rates for fleets. According to its press release, extensive research and stakeholder engagement, TSR identified a critical need for detailed SOPs that address both human behavior and specific seat belt hardware and technology. The new handbook, based on insights from fleet managers, drivers, and public and private sector leaders, highlights the importance of consistent seat belt use and offers practical guidance to enhance safety measures. “Today marks a significant milestone in our mission to improve global fleet trucking safety, said Peter Goldwasser, executive director of Together for Safer Roads. “The SOPs outlined in our guide represent a comprehensive framework for promoting and supporting seat belt usage within organizations.” Key aspects of the SOPs include: Training for Seat Belt Compliance: Building a foundation of knowledge and cultivating a culture of safety through comprehensive training initiatives. The SOPs stress the importance of integrating seat belt safety goals into organizational and operational practices. This includes incorporating seat belt usage into driver performance evaluations, and utilizing data analytics to measure and enhance compliance. Seat Belt Software and Hardware Selection: Adopting the most reliable and effective technological solutions to bolster seat belt compliance and monitoring. Purchasing and Evaluating Vehicle Seat Belt Safety Systems: Ensuring that the procurement of vehicles and their safety equipment is guided by informed, safety-focused decisions. This involves establishing clear criteria for seat belt safety features and assessing the safety records and seat belt technology of potential vehicle models to maintain compliance with seat belt safety regulations. Seat Belt Utilization Enforcement: Creating mechanisms for compliance, while ensuring accountability and timely corrective actions. Communication for Seat Belt Safety Awareness: Establishing clear channels and protocols for disseminating safety information, collecting feedback, and fostering dialogue. To make the necessity of seat belt usage more relatable and impactful, the SOP incorporates interactive training methods and anecdotal storytelling to educate drivers about the importance of seat belt safety. Documentation of Seat Belt Safety Compliance: Ensuring meticulous record-keeping, accessibility, and regular updates to all seat belt safety-related documents.The SOPs emphasize the importance of measurement and evaluation (M&E) in ensuring the effectiveness, efficiency, and impact of seat belt safety initiatives. They outline the role of M&E in accountability, performance improvement, resource allocation, learning, evidence-based decision-making, impact assessment, transparency, risk management, efficiency, and stakeholder engagement. Within each section, practices are categorized as currently existing practices, industry best practices, and easy to implement takeaways, providing fleet leaders a range of tools to implement in their own management practices. The initiative’s development and subsequent testing are being conducted in collaboration with leading fleet partners, including AB InBev, Republic Services, The City of New York Department of Citywide Administrative Services (DCAS), PepsiCo, and Interstate Waste Services. These partners emphasize the collective responsibility of organizations to contribute to long-term improvements in global fleet trucking safety. “As a major user of roads worldwide, improving the safety of our vehicles and their operation not only benefits us but also enhances road safety for everyone. We’re excited to team up with TSR to set better technical standards on the proper use of seatbelts. This important work demonstrates the positive change industry collaboration can have on our communities,” said Andres Peñate, Global VP for Corporate Affairs of Ab-InBev. “As the operator of one of the largest independently-owned fleets in the US, and a network of drivers across the globe, maintaining driver safety, health and wellbeing is essential,” said Daniel McGuigan, EHS Director at PepsiCo. “At PepsiCo we’re proud of this important collaboration and look forward to continuing to work to advance seatbelt usage and best practices.” “Starting with the most fundamental safety instrument of seatbelts is a good choice that shows the thorough nature of this initiative,” said Jim Olson, Vice President, Safety, at Republic Services. “We are committed to supporting these types of efforts to improve fleet safety and ultimately save lives.” NYC DCAS Deputy Commissioner and Chief Fleet Officer Keith Kerman said, “Wearing your seatbelt is the law. It’s also basic commonsense and the life you save will be your own. As our NYC fleet operators traverse millions of miles of New York City streets, attention to proper seatbelt usage is of utmost importance. We are proud to be part of the effort to call attention to this issue and elevate road safety here in our city and around the world.” “It is crucial to make sure that every fleet driver buckles up, every time, and these standards will drive that goal,” said Sal Mastriani, Vice President of Risk Management at Interstate Waste Services. “It’s exciting to see this concrete progress being made and to collaborate with TSR on expanding the safety standards.” The next phase of TSR’s Fleet Trucking Global Safety Standards Initiative will focus on using fleet telematics to drive safety.Increasingly, fleet operators purchase and use telematics systems to improve road safety, monitor their services/products and efficiency, and better support their drivers. Telematics systems gather key data on what is happening on-the-road and in vehicles. To address safety, most fleet operators focus on a few main metrics – speeding, harsh braking, harsh cornering, close following, reversing actions, and seatbelt use – as addressing these behaviors have, to date, shown the best correlation with road safety. TSR’s report will unpack these key safety telematic metrics and showcase how fleet operators have deployed and refined them in their operations. Focusing on experiences from fleet operators, it provides case studies and other examples that show how organizations are using their telematics data to drive a culture of safety. The target audience for this next report is safety managers who are implementing telematics programs and are looking for support in how to design and implement them. This work will also provide citations and other resource-level information that can be used to support training materials from TSR’s FOCUS program.

ICM Logistics, Fenix Marine launch new SmartStack drayage initiative

Bruce Guthrie - June 8, 2024

LOS ANGELES — There is a new partnership in town. IMC Logistics and Fenix Marine Services (FMS) have joined forces to operate the supply chain industry’s first fully clean energy SmartStack. This initiative, described as “groundbreaking” in a press release, launched June 4. During the launch, FMS segregated and stacked the containers designated for the IMC SmartStack at its terminal using the company’s hydrogen fuel cell top-pick handler. IMC drivers then picked up and delivered containers using their fleet of zero-emission vehicles. The press release states, “this collaboration highlights the industry’s commitment to reducing carbon emissions while ensuring efficient and sustainable logistics operations.” The SmartStack process itself is a clean one, according to the release. Drivers self-assign the most available container vs. a specific one. This means fewer unproductive lifts for terminal operators and less time waiting for the driver. In addition to achieving environmental objectives, customers also benefit from shorter wait times. “IMC SmartStacks improve the process for shippers, drivers and the industry,” said Mason George, president of national accounts at IMC. “With this solution, we’re able to offer our customers a sustainable way to evacuate containers from the terminal, while quickly delivering their containers in just two days or less.” The State of California recently passed the Advanced Clean Fleets Rule, requiring trucking companies that provide drayage services to adopt an increasing amount of Zero Emission Vehicles (ZEVs) to their fleets. By 2035, the law says all trucks entering seaports or intermodal rail yards must be ZEVs. IMC is currently running electric and hydrogen trucks ahead of the mandate, with the goal of transitioning their fleet to zero-emission vehicles by 2028.

Old Dominion reports revenue spike in Q2

John Worthen - June 6, 2024

THOMASVILLE, N.C. — Old Dominion Freight Line has reported that its per-day revenue increased to 5.6% year-over-year in May due to a 1.5% increase in less-than-load (LTL) tons per day and an increase in LTL revenue per hundredweight. According to a news release, the change in LTL tons per day was attributable to a 2.3% increase in LTL shipments per day that was partially offset by a 0.7% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 4.2% and 4.7%, respectively, as compared to the same period last year. “Our revenue results for May include increases in both our volumes and yield,” said Marty Freeman, president and chief executive officer at Old Dominion. “We are pleased with the ongoing improvement in our LTL revenue per hundredweight, which reflects our consistent, cost-based approach to pricing as well as stability in the overall pricing environment.” Freeman added that the company’s results continue to be supported by the consistent execution of its long-term strategic plan. That’s what “drives our ability to deliver superior service at a fair price to our customers,” he noted. “We believe our service metrics and value proposition remain best in class, which puts us in a strong position to win market share and increase shareholder value over the long term.” Old Dominion Freight Line says it has posted a 5.6% revenue increase year-over-year in May. (Courtesy: Google Maps)

Air Products to build commercial hydrogen refueling stations in California

John Worthen - June 6, 2024

LOS ANGELES — Air Products intends to build a network of permanent, commercial-scale, multi-modal hydrogen refueling stations stretching from Northern California to Southern California. Eric Guter, Air Products’ vice president for hydrogen for mobility, made the announcement during his keynote address recently at the California Hydrogen Convention at the Los Angeles Convention Center. Air Products has announced plans for new hydrogen refueling stations in California. They will serve big trucks. “Building a robust hydrogen economy infrastructure is critical to the success of the energy transition and meeting our climate change goals,” Guter said. “California is a leader in the energy transition and a first-mover in making zero-emission, heavy-duty transportation in the U.S. a reality. As the world’s largest supplier of hydrogen, Air Products has committed to investing $15 billion by 2027 in clean energy megaprojects around the world. Working together, energy companies, vehicle manufacturers and governments can accelerate the energy transition and generate a cleaner future for all.” The permanent, multi-modal hydrogen refueling stations will be equipped to serve heavy-duty vehicles, such as commercial and municipal trucks and buses, as well light-duty hydrogen fuel cell vehicles, according to a news release. “Each state-of-the-art, high-capacity, high-reliability station will be able to fuel up to 200 heavy-duty trucks or 2,000 cars per day,” said Alison Hawkins, Air Products’ general manager of hydrogen for mobility in the Americas. “These stations will be a key driver to help California on its road to a zero-emissions transportation future.” Air Products’ California pipeline network supplied hydrogen to the nation’s first pipeline-fed hydrogen fueling station in Torrance, California, in 2011. Currently, Air Products operates six hydrogen refueling stations in Southern California. The new stations announced will deliver enhanced fueling technology capability, including significantly higher capacity, multiple fueling dispensers and service for both heavy- and light-duty vehicles, the news release states. “Hydrogen will play a key role in meeting California’s clean energy and climate change goals, and it will pave the way for zero emissions transportation throughout the state. Air Products’ investment in a statewide network of multi-modal hydrogen refueling stations marks a significant milestone for California and its development as a global hub for clean hydrogen,” said California State Sen. Bob Archuleta, chair of the Senate Select Committee on Hydrogen Energy. Dee Dee Myers, senior advisor to California Gov. Gavin Newsom, director of GO-Biz and founding ARCHES Board member, said, “Infrastructure is the key to unlocking our nation’s hydrogen future, and we commend Air Products for committing to build a network of stations and supply them with clean hydrogen in California as part of our hydrogen hub ecosystem. These stations are steps on the path to our end goal – eliminating the need for diesel in our transportation sector.” Air Products operates more than 250 hydrogen fueling station projects in 20 countries, and the company’s technologies are used in over 1.5 million fueling operations annually.

Love’s adds 76 truck parking spaces at new North Carolina location

John Worthen - June 6, 2024

OKLAHOMA CITY — Love’s Travel Stops is now serving customers in Rural Hall, North Carolina, with its latest store opening. The location is open 24/7 and offers all the amenities Love’s is known for, including fresh food and drinks, Love’s-branded snacks and a Bojangles. For professional drivers, the location adds 76 truck parking spaces to Love’s network and RVers have access to three RV parking spaces. In honor of the grand opening, Love’s will donate $5,000 to the Rural Hall Elementary School Special Education Program.

NFI inks deal to purchase Transfix’s freight brokerage system

John Worthen - June 6, 2024

CAMDEN, N.J. and NEW YORK — Supply chain solutions provider NFI has acquired the freight brokerage operation of Transfix, a digital freight platform. According to a news release, Transfix will pivot its core business to focus solely on software and data solutions for brokers, shippers and carriers, with NFI set to be the first third-party customer to utilize Transfix’s TMS. Details of the deal were not disclosed. “We’re excited to welcome the Transfix brokerage team to NFI,” said Sid Brown, CEO of NFI. “Their experienced team provides an exceptional solution that aligns well with our strategy. We look forward to partnering with their customers and enhancing the experience for our current portfolio. As one of the largest and most diversified 3PLs in the marketplace, NFI can leverage its scale and offer its existing service offerings of dedicated transportation, warehousing and distribution, and port services to the Transfix customer base.” Established in 2013, Transfix was the first tech-powered brokerage. By divesting its freight brokerage operation, Transfix will now entirely focus on taking its technology to market as a software-as-a-service (SaaS) and data solutions provider that addresses the distinct needs of brokers, shippers and carriers, the news release notes. “We believe the Transfix TMS will be a game changer for us,” shared David Broering, president of Integrated Logistics Solutions at NFI. “This acquisition and ongoing partnership is a great opportunity to accelerate our digital approach while combining our operational strength with their technical expertise to create more value for our customers and carriers.” The newly launched Transfix organization will initially go to market with an expansive SaaS feature suite designed to bring operational efficiency and transparency to various stages of the truckload lifecycle for freight brokers, shippers, and carriers, and to deliver significant reduction in processing cost. Visit the Transfix blog to learn more about Transfix’s pivot to software and technology. “As someone who grew up in the brokerage business, I am thrilled about the next chapter at Transfix,” said Drew McElroy, Co-founder and Chairman of the Board at Transfix. “Opening up our decade of technological advancements to brokers industry-wide is set to create substantial value for brokers everywhere. I am also deeply appreciative of NFI’s commitment to advancing the industry by incorporating our technology and for welcoming many of our talented teammates.” Jonathan Salama, co-founder and CEO at Transfix, said that NFI was the perfect cultural and operational fit for his customers, carriers and team. “In addition to a deep commitment to outstanding service, NFI is dedicated to excellence in innovation and sustainability,” Salama said. “We are thrilled to partner with an organization that shares our values and principles, and to seamlessly transition our brokerage business and the customers we serve to the welcoming hands at NFI. And now, with this acquisition, we’re able to expand our best-in-class solutions that have powered our business for over a decade to our peers in brokerage. This is an exciting time for all parties involved and we look forward to this next chapter.”

Optimal Dynamics’ new AI aims to simplify spot freight procurement

John Worthen - June 5, 2024

NEW YORK — Optimal Dynamics, a firm that specializes in artificial decision intelligence for trucking companies, has created a new program that aggregates and recommends optimal spot freight across all available channels, including public load boards, emails and private customer boards. Known as “Source,” the addition is part of Optimal Dynamics’ Execute platform, according to a news release. “As the freight market continues to experience downward pressure on rates and rising operating costs, carriers must increasingly turn to opportunistic spot freight to fill network gaps and address empty miles,” the news release states. “Selecting spot freight closest to a driver’s location at a point in time may seem like a quick fix, but often results in suboptimal load selections, leading to inefficiencies and missed revenue opportunities.” Optimal Dynamics officials say that Source addresses this challenge by aggregating and optimizing all available spot market sources in a single user interface, “allowing for simpler and smarter network-wide freight decisions.” Key features of Source include: Aggregated spot freight — Centralizes freight from public load boards, email communication and private customer boards, providing a comprehensive view of available opportunities with a single search. Optimized spot freight recommendations — Utilizes a patent-pending workflow to deliver optimized recommendations for the most probable and profitable spot freight that aligns with unique network requirements. Integrated with dispatching — Automates the matching of optimized spot freight to drivers for single loads and full tours, streamlining the dispatching process within the Execute by Optimal Dynamics platform. “At Optimal Dynamics, we are committed to continuous innovation and platform enhancements that provide significant value to our customers,” said Daniel Powell, CEO and co-founder of Optimal Dynamics. “The introduction of Source is a testament to our dedication to helping carriers optimize their operations by streamlining, simplifying, and optimizing the decision-making process.”

NFI partners with Skillbridge program to provide career resources for service members

Dana Guthrie - June 5, 2024

SPONSORED BY NFI INDUSTRIES CAMDEN, N.J. — NFI Industries is known for its outstanding service and partnerships that seek to help company employees improve themselves. In addition, NFI works to provide specific industry training services. One of the most exciting of those services is NFI’s partnership with the Department of Defense (DOD) SkillBridge program. “The DOD SkillBridge program is an opportunity for service members to gain valuable work-life experience through our industry training, apprenticeship programs and internship during the last 180 days of their military service,” said Pedro U., who manages the program for NFI. DOD SkillBridge connects transitioning service members with industry partners to receive job experience beyond their military service. It is an invaluable opportunity to learn about civilian careers. As an added bonus, service members participating in the program continue to receive their military compensation and benefits while receiving training and experience from industry partners. “During the training phase, they will continue to be paid by the military and be able to keep their benefits for the military allowances,” Pedro said. “This is a great opportunity for them to focus on getting that training — without being worried about whether or not they’re getting paid.” To enter the program, Pedro says, service members must be approved by their unit commander and must have at least 180 days remaining in military service. They must also receive an honorable discharge and have at least 180 days of active-duty days while in the service. “The great thing about the program is that NFI doesn’t require a service member to have a degree,” Pedro said. “Right now we are targeting specific military occupational specialists that are mechanically inclined or have knowledge in the technical aspect of things.” This is one aspect that makes NFI’s Skillbridge partnership advantageous for both the company and those coming out of military service. “So, if you’re an aviation mechanic, or have experience with hydraulics, power plants, airframes, etc., you’re more than welcome to apply,” Pedro said. “We can get you through the NFI mechanical training so you can be part of the NFI team.” Through the SkillBridge program, service members are not required to tap into their Montgomery GI bill during their internship — there is cost to the service member. “If the service member decides to stay with NFI and get hired, they could qualify for our military apprenticeship program where they could utilize their GI Bill for additional monthly income from the VA in conjunction with their NFI wages,” Pedro said. The training lasts from 120-150 days and takes place in one of the many approved maintenance shops that have been vetted by the DOD SkillBridge program. Training facilities are located in Allentown, Pennsylvania; Greer, South Carolina; Orlando, Florida; and Waxahachie, Texas. “The great thing about this program is that, although you might be trained in one of our approved locations, post-training you will have the opportunity to be sent to one of our 30-plus maintenance shops that we have across the United States,” Pedro said. Service members who are interested in the program should discuss the opportunity with commanders, leadership and career counselors in their unit, he said. “Have a clear plan, and get them to understand who you are, what your goals are going to be post-military, so they can have a clear picture of where they can place you,” Pedro said. Because not all commands are familiar with the SkillBridge program, Pedro suggests that service members be prepared to share information with leaders in their unit. “We’ll help you generate training pipeline so you can present that to your command at least six months to a year out before your transition,” he said. Service members are not required to accept a job offer after completing SkillBridge training at NFI, Pedro added. “If they’re willing to continue with us, they’re more than welcome to continue with us,” he said. “Having that flexibility at the end of the internship is pretty awesome, I think. If you have any questions pertaining to our DOD diesel tech opportunities here at NFI, feel free to reach out to us.” Contact the NFI Military Resource Team at www.NFItechs.com or 833-205-7250.

Banyan Technology receives transportation industry accolades

John Worthen - June 5, 2024

CLEVELAND — Banyan Technology, a provider of over-the-road (OTR) freight execution software, has been recognized for its innovation, customer service and support. Inbound Logistics’ annual selection of the Top 100 Technology Providers honors companies offering technology solutions designed to solve transportation, logistics and supply chain challenges, and whose customer successes are well-documented supporting product innovation, according to a news release. Banyan was also named Strategic Partner of the Year by freight forwarding client RIM Logistics. RIM acknowledged Banyan’s role in helping them increase their domestic less-than-load freight services by nearly 90%. Banyan’s in-house Client Growth Services program supports growing 3PLs in their prospecting and sales efforts for new OTR business. “We are excited to be recognized for our technology and strategic partnerships within the industry,” said Brian Smith, CEO of Banyan. “Our patented LIVE Connect platform continues to set industry standards by enhancing OTR freight operations, providing our clients with unmatched efficiencies. I appreciate the work of our dedicated team and support of our valued clients, whose trust and collaboration make these advancements possible.” The news release notes that Banyan’s recent accolades are a result of the continuous innovations to its LIVE Connect software, “which improves clients’ OTR shipping operations by diversifying mode options and ensuring every shipment is optimized for cost, time and quality.” “We are excited to present Banyan Technology with our 2023 Strategic Vendor Award. Banyan has proven that they can bring both valuable ideas to the table, as well as execute them,” said Jason Steinke, executive vice president at RIM. “With nearshoring being real in North America, Banyan has helped RIM grow exponentially in the Canada, US, and Mexico markets. Banyan is a true partner that has similar visions to our own. We sincerely appreciate what they have already helped us accomplish and that they continue to be overly excited about our future growth together!”

New 3PL study shines light on role partnerships play in shipping industry

John Worthen - June 5, 2024

NEW YORK — A new third-party logistics (3PL) study from NTT Data, Penn State and Penske shows that 78% of shippers were satisfied with their 3PL providers’ information technology (IT) capabilities, a 3% drop from 2023. Shippers’ outsourcing of logistics services saw a similar dip. Last year 89% of shippers were using outsourced logistics services. This year it’s 87%. “It’s a small decrease, but compared to 2021’s 94%, it’s a significant drop over the course of three years,” the study, titled “The Power of Partnerships: Exploring Collaboration Through Data and Innovation,” notes. The study focuses primarily on the role of partnerships in the shipper and 3PL industry. It homes in on three key areas: the power partnerships provide, the flow of data and looking beyond the hype of technology — something we’ve all fallen prey to as the latest and greatest tech has come out. “In a small victory for some 3PLs and a loss for others, 85% of shippers are reducing or consolidating 3PLs, almost a 10% increase year over year,” according to the news release. “As for what services shippers are starting to outsource, that’s the ultimate value-add for 3PLs to tack on to existing business and highlight for prospective clients.” The study notes that the most outsourced things are day-to-day tasks, with about 50% of reported outsourced services being domestic transportation, freight forwarding, warehousing, customs brokerage, international transportation, and transportation planning and management. “On the warehousing front, this year 65% of shippers are reported to be outsourcing the work, compared with 43% from the 2022 study,” the news release states. The all-important IT solution that 3PLs provide to shippers took one of the biggest hits this year. “Nearly all shippers, 97%, said IT capabilities are a necessary element of overall 3PL provider expertise. In the current study, 49% of shippers indicated they’re satisfied with 3PLs’ IT capabilities, down from 54% last year and 58% in 2022,” the news release states. “Interestingly, shippers identified more IT capabilities than they have in the past.” The study states that the downward trend of shippers being satisfied with their 3PLs’ IT capabilities isn’t ideal and shows that now, more than ever, there needs to be a push to maintain and improve the technological aspects of the business. “The must-have pieces of technology that shippers are looking for from 3PLs are more transaction-based, such as transportation management planning,” according to the study. “A total of 62% of shippers consider this vital. Rounding out the top four are warehouse/distribution center management (59%), transportation management scheduling (57%) and advanced analytics and data mining tools (50%).” As for what these findings mean for the dynamics of the relationships between 3PLs and shippers, well that has also changed. According to the study, “This year’s research supports the concept that the power dynamic has had impacts on both shippers and 3PLs. In the past, shippers had more leverage. Among respondents: 39% of shippers and 38% of 3PLs said shippers have gained leverage over the past three years; 30% of shippers and 31% of 3PLs said 3PLs/4PLs have gained leverage; and 31% of both shippers and 3PLs said there’s been no change.” To check out the full 75-page study, visit the 3PL study website.

J.B. Hunt named to Fortune 500 list for 12th consecutive year

John Worthen - June 5, 2024

LOWELL, Ark. — J.B. Hunt Transport Services has been named to the Fortune 500 for the 12th consecutive year, earning the 316 spot on the publication’s annual list. “Being on the Fortune 500 list is a testament to the incredible work of our people during such a challenging environment,” said Shelley Simpson, president of J.B. Hunt. “We remain steadfast in delivering exceptional value to our customers through operational excellence, which aligns with our mission to drive long-term value for our people, customers and shareholders. The Fortune 500 ranks the 500 largest U.S. companies by total revenue for the respective fiscal year. According to the outlet, companies on this year’s list represent approximately two-thirds of the U.S. GDP and generated $18.8 trillion in revenues, $1.7 trillion in profits, and $43 trillion in market value (as of March 28, 2024), and they employ 31 million people worldwide. Fortune has published the annual list since 1955. J.B. Hunt’s first appearance was in 2013 at No. 485.

Jeff McKinney named TCA’s 2024 Safety Professional of the Year

John Worthen - June 4, 2024

INDIANAPOLIS — The Truckload Carriers Association (TCA) has awarded Jetco Delivery’s Vice President of Safety, Jeff McKinney, as its 2024 TCA Safety Professional of the Year. The announcement was made recently during TCA’s 43rd Annual Safety and Security Meeting in Indianapolis. This honor is given each year to a trucking industry professional whose actions and achievements have made a profound contribution to enhancing safety on North America’s highways, according to TCA. McKinney has more than 25 years of experience in the trucking industry. He started as a driver and night warehouse manager, a TCA news release states. He joined Werner Enterprises in 1994, rising from company driver to safety supervisor, where he managed DOT compliance and safety meetings. From 2001 to 2002, McKinney worked as a lead trainer at United Driver Services, providing CDL training and defensive driving courses. As director of safety and operations manager at General Logistics from 2002 to 2007, “he significantly reduced accidents and costs,” the news release notes. “At Jetco Delivery since 2007, Jeff’s initiatives, including early adoption of Elogs, cut accident frequency by 50%,” according to TCA. McKinney earned his Certified Director of Safety designation from the North American Transportation Management Institute in 2007 and has led Jetco to numerous safety awards. He is also an active participant and presenter at industry conferences. “His leadership has also improved regional road safety, significantly reducing distracted driving, commercial vehicle and intersection crashes,” the news release states. “Through his outstanding leadership and unwavering commitment to safety, Jeff has left a lasting impact on the transportation industry, ensuring the well-being of drivers and promoting a culture of safety within organizations.” Jetco’s Strategic Maintenance Director, Amanda Schuier, nominated McKinney for the award. “One of the things that makes Jeff shine is his ability to make Safety approachable and accessible to all,” Schuier said. “Jeff maintains a ‘see, say, do’ mentality. I frequently spot him out with our professional drivers, diesel technicians, office staff and more. His example helps us all live and breathe safety every single day, across all departments of the company.” Jetco Delivery President Kyle Kristynik agrees. “Accountability is critical to any organization and one of our core values at Jetco,” Kristynik said. “I appreciate how Jeff incorporates accountability into Jetco’s safety culture. He partners well with our operations team, encouraging a culture in which everyone — not just a single department — owns safety. Jeff also recognizes that for everyone to be successful at their jobs, they must have the training and tools to execute.” Kristynik referred to McKinney as an “old school trucker” who “has truly embraced the changing environment of safety, using data and analytics to make first Jetco, and now the whole GTI Group, a safer company.” “We couldn’t be more proud of this recognition for Jeff, he is certainly deserving of this honor,” Kristynik concluded.

Navigating LTL freight: Key strategies for cost-effective small load transportation

The Trucker News Staff - June 4, 2024

BLOOMINGTON, Ind. — Less-than-truckload (LTL) freight shipping is an efficient and cost-effective method for transporting smaller loads that don’t fill an entire trailer. As carriers navigate the potential of LTL for their business, it is important to be fully aware of how it works before making any decisions about engaging in this type of shipping, according to a report from load board company Truckstop. LTL Background LTL is considered when shippers don’t need an entire trailer to move their freight, they often opt for less than truckload freight shipping, and typically the most affordable way to transport smaller loads. Less than truckload freight is usually the preferred method for loads between 150 and 15,000 pounds that do not require the use of a whole trailer and it can maximize loads for carriers by combining multiple LTL freight shipments into full truckloads. How does LTL freight shipping work? LTL freight shipping works by combining partial loads from multiple shippers. This usually (but not always) creates multi-stop truckloads. Pricing is based on space and weight, classification of the goods being shipped, and pickup and delivery destinations. Less than truckload freight shipping can include standard, expedited, or date-guaranteed shipments. Carriers can also offer additional freight services for shippers, including: Lift gate pickup or delivery Inside pickup or delivery Residential pickup or delivery Reweighing Reclassification White glove service Because of the additional complexities involved, carriers can charge additional shipping fees, boosting their profits. What factors should determine your LTL freight rates? Several factors impact how carriers and brokers price their LTL freight rates. Take these things into account when determining freight rates: Market demand — LTL freight rates are impacted by the amount of current demand and space availability on trailers. Freight classification — Freight class is based on density, stowability, handling and liability. Distance — How far are you going in total? The more miles between points, the greater the cost for everyone. Destination — Where goods ship also impacts costs. Shipping along established lanes to major hubs will cost less than making multiple rural or residential deliveries. Dimensions and weight — The dimensions and weight of the shipment determine freight class and directly impact rates. Oversized or oddly shaped items, for example, take up more space. Smaller (but denser items) can limit the number of other items that can be shipped. Deadhead miles — Having to drive an empty truck from delivery to a new pickup should also impact pricing since carriers have to bear the cost of empty miles. Availability — You can only ship LTL freight when there’s available space on trailers, which varies based on seasonality and market demands. Accessorials — Extra services cost extra. Carriers can charge more for things like lift-gate service, delivery to limited access or residential locations, inside delivery, or white-glove services. Fuel costs — Fuel costs tend to vary significantly based on market volatility and location. Matching the right LTL loads to get the maximum revenue potential can be time-consuming and complex. In today’s fast-paced world, decisions often have to be made quickly. The key is better data and understanding rate trends to find the most profitable jobs. Use a dedicated LTL load board. As an owner operator, being flexible and agile can be the difference between success and failure. Using less than truckload load boards, such as Truckstop, gives carriers accurate, same-day rate data. It also provides rate recommendations specific to load, broker, and lane. A good LTL load board will track rate trends to help you adjust your pricing accordingly, accurately assess supply chain variables and demand for both origin and destinations, and help predict fuel rates and surcharges. LTL freight shipping combines efficiency with cost-effectiveness, accommodating smaller loads through a pricing structure influenced by factors like freight classification, distance, and required services. For carriers, mastering these pricing factors is key to maximizing profitability in a competitive logistics market.

Spot rates delivered mixed bag in latest week, Truckstop reports

John Worthen - June 4, 2024

BLOOMINGTON, Ind. — Reefer spot rates saw their largest drop in months — about 11 cents — during the week ended May 31, according to the latest data from the Truckstop system and FTR Transportation Intelligence. Meanwhile, flatbed spot rates gained for the third straight week, while dry van spot rates stayed virtually flat. Total broker-posted rates in the Truckstop system also remained essentially unchanged, according to a news release. Total loads Total load activity fell 17%, which is not an especially large drop for a week that includes Memorial Day, Truckstop officials say. Total volume was about 5% below the same 2023 week and about 28% below the five-year average for the week. Total truck postings fell 9.5% during the holiday week, and the Market Demand Index — the ratio of load postings to truck postings in the system — fell to its lowest level in four weeks. Total rates The total broker-posted rate edged down two-tenths of a cent, according to Truckstop. Rates were about 5% below the same 2023 week and more than 7% below the five-year average for the week. The week-over-week changes in the rates for each of the principal equipment types were directionally in line with the changes for the same week last year. Dry van rates Dry van spot rates dipped by a tenth of a cent, Truckstop officials report. Rates were more than 2% below the same 2023 week and about 9% below the five-year average. Both comparisons were essentially the same as they were in week 21. Dry van loads fell 13.6%. Volume was about 2% below the same 2023 week and nearly 22% below the five-year average for the week. Refrigerated rates Refrigerated spot rates dropped about 11 cents, according to Truckstop. Rates were 1% below the same 2023 week and 6% below the five-year average for the week. The negative y/y comparison in spot rates was only the second in the past eight weeks. Refrigerated loads fell 18.6%. Volume was more than 8% below the same 2023 week and about 29% below the five-year average for the week. Flatbed rates Flatbed spot rates rose more than 1 cent after edging up just over a half cent in the previous week, the Truckstop report states. Rates were 6% below the same 2023 week and more than 7% below the five-year average for the week. Flatbed loads fell 19.5%. Volume was about 6% below the same week last year and nearly 35% below the five-year average for the week.

Bill would streamline veterans’ access to CDL training

Bruce Guthrie - June 4, 2024

In mid-May, leading congressional advocates for military veterans introduced the Sen. Elizabeth Dole 21st Century Veterans Healthcare and Benefits Improvement Act (HR8371). The bill boasts bipartisan sponsorship from House Veterans Affairs Committee Chairman Mike Bost (R-IL), Senate counterpart Chairman Jon Tester (D-MT), and ranking member Jerry Moran (R-KS). HR 8371 seek to package together several bipartisan proposals to streamline the delivery of services via the Veterans Affairs (VA). A provision important to the trucking sector would allow veterans to use their GI Bill benefits to obtain training for a commercial driver’s license (CDL) at a new training facility if that new location’s primary facility has already been approved by the VA. Under current law there is a two-year waiting period to use those same benefits at a new training facility. David Pike, who serves as the director of recruiting for NFI, says the bill’s advantage for newly separated veterans would be nearly instantaneous. Pike says he spearheaded a survey amongst those veterans already employed at NFI, and found out that the top concern was transitioning from the military. “A servicemember separating from active duty faces many initial hurdles with re-entry to civilian life, like securing a meaningful and financially suitable employment. This bill should help that transition,” Pike said. As a whole, the bill encompasses many aspects of veteran life including healthcare matters which includes present day care but also nursing home care as well as economic issues including employment training, home loans, as well as homelessness, and record keeping. Both sides of Capitol Hill are working in hopes to pass the bill quickly and send it to the president this week. NMFTA is encouraging its passage.

Total Truck Parts to host grand opening for new Florida location

Erica N. Guy - June 3, 2024

PORT ST. LUCIE, Fla. — After four long years, Total Truck Parts has announced that work on its new 50,000-square-foot parts and service facility in Port St. Lucie, Florida, is complete. According to a news release, the new facility “represents a 300% increase in capacity needed to serve the growing Treasure Coast market in Florida. All 110 ESOP members are very excited about this continued commitment to growth.” The building includes a mandatory bicycle rack, special water fountains, more than 100 trees and 16 full shop bays, along with a complete hydraulic shop to rebuild cylinders and pumps, the news release notes. The facility features a 5,000-square-foot showroom for added retail capacity, and there are 26,000 feet of parts storage for the $1 million in parts stocked in this building; the expanded storage space will enable the company to introduce some storage and redistribution capability to the other five branches, company officials say. Later in the year, full alignment, DPF cleaning and fabrication will be added to the services offered. The grand opening will be held from 10 a.m. to 3 p.m. on July 19. Everyone is invited.