TheTrucker.com

Trump says he will announce 25% steel and aluminum tariffs Monday, and more import duties are coming

WASHINGTON (AP) — President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. “Any steel coming into the United States is going to have a 25% tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he responded, “aluminum, too” will be subject to the trade penalties. Trump also reaffirmed that he would announce “reciprocal tariffs” — “probably Tuesday or Wednesday” — meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods. “If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way,” he told reporters. Trump’s comments are the latest example of his willingness to threaten, and in some cases to impose, import taxes. Tariffs are coming much earlier in his presidency than during his previous four years in the White House, when he prioritized tax cuts and deregulation. Trump has alternately said he sees import taxes as tools to force concessions on issues such as immigration, but also as a source of revenue to help close the government’s budget deficit. Financial markets fell on Friday after Trump first said he would impose the reciprocal tariffs. Stock prices also dropped after a measure of consumer sentiment declined on Friday, largely because many respondents cited tariffs as a growing worry. The survey also found that Americans are expecting inflation to tick up in the coming months because of the duties. Trump on Sunday did not offer any details about the steel and aluminum duties, or the reciprocal tariffs. Trump previously threatened 25% import taxes on all goods from Canada and Mexico, though he paused them for 30 days barely a week ago. At the same time, he proceeded to add 10% duties on imports from China. Yet on Friday, he said he would also delay the tariffs on the millions of small packages — often from fast-fashion firms such as Temu and Shein — until customs officials can figure out ways to impose them. The small packages have previously been exempt from tariffs. Trump’s latest remarks stirred immediate worry from some global trading partners. South Korea’s acting president, Choi Sang-mok, called a meeting with the country’s top foreign policy and trade officials on Monday to examine how Trump’s proposed tariffs on steel and aluminum would affect its industries. The office of Choi, who also serves as the country’s finance minister, said officials discussed the potential impact and Seoul’s possible responses, but specific details of the meeting were not disclosed. The stock prices of major South Korean steelmakers, including POSCO and Hyundai Steel, dropped as the market opened on Monday. South Korea shipped about $4.8 billion worth of steel to the United States from January to November last year, which accounted for 14% of its global exports of the products during the period. Superville reported from aboard Air Force One. Associated Press writer Kim Tong-hyung in Seoul, South Korea, contributed to this report.

Amazon to pay nearly $4M to settle lawsuit alleging it took tips from drivers

Amazon has agreed to pay nearly $4 million to settle charges that the e-commerce company subsidized its labor costs by taking tips its delivery drivers received from customers, District of Columbia Attorney General Brian L. Schwalb said Friday. The settlement came four years after Amazon forked over $61.7 million to resolve a complaint the Federal Trade Commission brought over similar accusations. In 2022, the office of DC’s attorney general at the time followed up with a lawsuit alleging Amazon violated the District’s consumer protection laws by misleading residents about how tips paid digitally were used. According to the lawsuit, the affected drivers were part of Amazon’s Flex business, which allows people to deliver Amazon packages with their own cars. DC’s lawsuit said that after launching the program in 2015, the company represented to consumers that all tips added during check-out for Amazon Flex orders would go to drivers. But both the District and the FTC alleged that Amazon changed its payment model in late 2016 to lower its costs but did not disclose the switch to either customers or drivers.

A purr-fect fit: Pet Valu adds two Volvo VNR Electric trucks to its fleet

Volvo Trucks North America customer, Pet Valu, is adding two Volvo VNR Electric trucks to its fleet as part of the company’s ongoing supply chain transformation. Pet Valu is a Canadian specialty retailer of pet food and pet-related supplies. The zero-tailpipe emission trucks will help the company achieve its vision of building Canada’s strongest pet specialty distribution network.  “We are excited to see Pet Valu taking the initiative in the Canadian pet supply industry by adopting Volvo’s VNR Electric trucks,” said Matthew Blackman, managing director for Canada, Volvo Trucks North America.  “As they venture into sustainable transportation, this effort is expected to not only strengthen their supply chain but also help support a healthier planet, one ‘purr-fectly’ quiet kilometer at a time.” Sustainable Transportation The two Volvo VNR Electric trucks will operate from Pet Valu’s new 350,000-square-foot LEED-Gold certified distribution center. The battery-electric trucks are expected to play an important role in its pursuit to optimize its energy efficiency and emissions management. The trucks will deliver pet food and supplies to the Pet Valu family of stores, including Pet Valu, Bosley’s by Pet Valu, Total Pet and Tisol throughout British Columbia five days a week, traveling an average of 300 kilometers (186 miles) per day. Each of Pet Valu’s new Class 8 Volvo VNR Electric day cabs is equipped with a six-battery pack configuration, providing a range of up to 442 kilometers (275 miles) per charge. The trucks will be charged overnight at the Surrey distribution center using two newly installed 120kW chargers. Better Driver Experience According to a press release, the near-silent operation of the Volvo VNR Electric trucks provides drivers with a more comfortable driving experience while also reducing noise pollution in local communities. This is especially beneficial for early morning or late evening deliveries to urban and regional deliveries, ensuring a community-friendly solution. “At Pet Valu, we are committed to continuously improving how we serve devoted pet lovers and their pets,” said Nico Weidel, chief supply chain officer, Pet Valu. “Each electric delivery truck represents an opportunity to avoid consuming over 25,000 litres of diesel fuel or over 62 tonnes of CO2e per year. We’re excited to explore how these trucks perform and assess the potential for further electrification of our delivery fleet in the future.” Perfect Pairing In addition to deploying the trucks, Pet Valu worked closely with the Volvo Trucks sales team to identify and secure funding opportunities that partially offset the cost of the vehicles and charging infrastructure. Pet Valu utilized federal and provincial incentive programs, including Clean BC – Go Electric and iMHZEV (Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles), to support the adoption of these battery-electric trucks. The company may also be eligible for carbon credits based on fuel savings and yearly mileage, making this transition even more impactful for their business.

Peterbilt recognizes The Peterbilt Store as North American Dealer Group of the Year

DENTON, Texas — Peterbilt is announcing The Peterbilt Store as its 2024 North American Dealer Group of the Year. The award will be presented at its annual Dealer Meeting in Tucson, Ariz. held February 5-7. “Recognizing The Peterbilt Store as the 2024 Dealer Group of the Year gives us great pride as we acknowledge their dedication to providing extraordinary service to our customers,” said Jake Montero, general manager and PACCAR vice president. “This dealer group has built a great reputation amongst customers. Their timely investments in facilities, ability to offer Peterbilt’s full lineup of products and services, unparalleled parts availability and superior service to Peterbilt customers are commendable.” Prestigious Honor The recognition is given to the dealership group that earns the highest scores in Peterbilt’s rigorous Standards of Excellence program. The dealership also demonstrates commitment to customer satisfaction and leverages effective practices to increase brand advocacy. Rules of the Road “We are honored to receive this prestigious award,” said John Arscott, The Peterbilt Store CEO. “The Rules of the Road that we established over two decades ago continue to serve as the guiding principles in how we operate and what to expect from The Peterbilt Store; honesty, integrity, value and meaningful relationships.” The Peterbilt Store operates 30 dealership locations across the East Coast. This marks the 4th Dealer Group of the Year award for the store. It was also honored in 2004, 2017 and 2019. The Peterbilt Store also received recognition as a Best-in-Class Dealer Group.

2024’s Best of the Best: BRW reveals its Top Contract Carriers

OXFORD, Ala. —  BRW is announcing its Top Contract Carriers for 2024. “We are incredibly proud to recognize these outstanding carriers as our Top Contract Carriers for 2024, said Thomas “TK” Bardwell, senior vice president of logistics. “Their unwavering commitment to excellence, reliability, and customer satisfaction is the foundation of our success. It is truly a pleasure to work with such dedicated and professional teams who share our passion for delivering exceptional service. On behalf of everyone at BRW, thank you for your partnership, and congratulations on this well-deserved recognition. Here’s to another year of collaboration and shared success.” BRW’s Top Contract Carriers for 2024  4M Express Adams Motor Express BCP Transportation E & E Transfer Company EIB Transport Inc Evergreen Forest Products Goblin Express LLC H&M Trucking, Inc J Par Trucking Inc Landstar M&R Trucking PAM International Inc Pink Panthers, Inc. R and L Carriers Xtreme Logistics Exceptional Performance The winning companies have demonstrated exceptional performance, dedication and commitment throughout 2024, according to a BRW press release. They are being recognized for embodying the core values of innovation, integrity and excellence. The selection process for the BRW Top Contract Carriers involved a comprehensive evaluation based on: Service. Safety. Integrity. Volume. Tracking. Communication. Billing Accuracy and Timeliness. According to the release, each of these carriers has exemplified a steadfast commitment to excellence, consistently meeting and surpassing the rigorous standards set by BRW. Backbone of Success “Our core carriers are the backbone to our success at BRW,” said Johnny Ross, senior broker. “We have some of the toughest carrier requirements out there, and this list represents only the top 15, but there are dozens more who fell just below #15 who are just as crucial. Through our partnerships and your help, we could not succeed in delivering on the promises and needs of our customers. Thank you all, here’s to a promising 2025.” Looking Ahead “On July 10, 2024, BR Williams Logistics, LLC was acquired by Haney and White, marking the beginning of BRW and an exciting new chapter for our company,” said Nate Haney, CEO. “With this partnership, we are expanding and strengthening our logistics department, opening new opportunities for growth and innovation across the county. We’re thrilled to continue delivering exceptional service to our customers with even greater resources and expertise. The future is bright, and we’re excited to grow together.”

Hong Kong to file complaint with WTO on US tariffs

HONG KONG (AP) — Hong Kong will file a complaint against new U.S. tariffs on the southern Chinese city’s products with the World Trade Organization, its government said on Friday. The U.S. imposed an additional 10% tariff on Chinese goods and ended a customs exception that allowed small-value parcels to enter the U.S. without paying tax. The measures have already prompted China to request WTO dispute consultations with the U.S., as well as announce retaliatory tariffs on select American imports and an antitrust investigation into Google. In a statement, the Hong Kong government slammed the U.S. measures as “grossly inconsistent with the relevant WTO rules” and said they had ignored the city’s status as a separate customs territory. It urged the U.S. to rectify its acts. This is not the first time Hong Kong has taken its trade disputes with the U.S. to the WTO. Hong Kong, a former British colony that returned to Chinese rule in 1997, operates as a semi-autonomous city with separate economic and social systems from mainland China. During U.S. President Donald Trump’s previous term, Hong Kong had complained against the U.S. requirement for city-produced exports to be labeled “Made in China”. In 2022, arbitrators at the WTO concluded that the U.S. was out of line in requiring that products from Hong Kong be labeled as such. The WTO confirmed Tuesday it received notice of China’s request for consultations with the U.S. regarding the tariffs imposed on Chinese goods. The move sets off a 60-day period for the two sides to resolve their differences, and if not, the case can be brought before a three-judge panel at the Geneva-based trade body. However, the WTO’s dispute-resolution process has been stymied in recent years as multiple U.S. administrations blocked appointments of judges on its appeals court. Separately, Hong Kong’s post office announced late Thursday it would continue to suspend shipping items containing goods to the United States until further notice, despite its American counterpart having reversed its ban on packages from the city and other parts of China. The Hong Kong government said in a statement that Hongkong Post was in talks with the U.S. postal administration but further clarification was still needed on certain matters, including over a tariff. It reiterated its strong disapproval over the U.S. imposition of additional duty on Hong Kong products, urging the U.S. to take “urgent actions to rectify its wrongdoing.” The U.S. post office had announced Tuesday that it would no longer accept parcels from China, including Hong Kong. It reversed course Wednesday but gave no reason, saying it would work with Customs and Border Protection to implement a collection process for the new tariffs to avoid delivery disruptions. Although the ban was short-lived and the U-turn came within the same day for those who live in Hong Kong time zone, it confused those who wanted to post to the U.S. from the trading hub. It also sparked concerns over the potential impact on online shopping platforms like Shein and Temu, popular with younger shoppers in the U.S. for cheap clothing and other products, usually shipped directly from China. Cheap, direct postal service helps these companies keep costs low, as did the “de minimis” exemption that previously allowed shipments to go tax-free if their value is under $800. The U.S. imported about $427 billion worth of goods from China in 2023, according to the U.S. Census Bureau. Consumer electronics, including cellphones, computers and other tech accessories, make up the biggest import categories.

Fleet Advantage’s Babb, Steckroth named ‘Rock Stars of the supply chain industry

FORT LAUDERDALE, Fla. — Fleet Advantage is celebrating two of its own who have been recognized as Food Logistics’ 2025 Rock Stars of the Supply Chain Awards. Kirsten Babb, fleet procurement manager was named the Overall Winner in the Rising Stars category. Annie Steckroth vice president of strategic fleet solutions was recognized in the Top Transportation Professional category. “Kirsten and Annie epitomize the innovation, dedication, and leadership that are central to Fleet Advantage’s mission,” said Katerina Jones, CMO. “Their outstanding achievements not only elevate our organization but also drive progress across the cold food supply chain and transportation sectors. We are immensely proud to celebrate their well-deserved recognition as leaders in their field.” Food Logistics Rock Stars As the only publication exclusively dedicated to covering the movement of products through the global cold food supply chain, Food Logistics’ 2025 Rock Stars of the Supply Chain Awards recognizes influential individuals across four distinct categories whose achievements, hard work and vision have shaped the global cold food supply chain. Kirsten Babb Babb’s journey from hands-on roles in trailer maintenance to fleet procurement manager highlights her dedication to operational excellence and strategic foresight. She was previously recognized as a recipient of 2024 Women in Supply Chain Award. Her leadership in procurement includes managing the acquisition of Class 8 tractors and trailers, where she ensures alignment with customer needs and builds strong relationships with OEMs and dealers. Over the past year, Babb has driven key initiatives for Fleet Advantage such as the redesign of the company’s casualty buyout process, which reduced vehicle delivery times by 30%, directly benefiting clients by minimizing downtime and costs. She also revamped spec review templates, achieving a 2% increase in fleet fuel efficiency—a significant improvement for large-scale fleets. According to a company press release, Babb’s comprehensive expertise in sustainability, safety compliance, and customer satisfaction has established her as an indispensable asset to Fleet Advantage and its clients. Her focus on fostering trust and loyalty among customers positions Fleet Advantage as an industry leader in innovative fleet management solutions. Annie Steckroth With over 18 years of experience in transportation, she has made a profound impact on strategic initiatives and client operational success. In her role, she leads high-level consultations with corporate fleet clients. This includes identifying cost-saving opportunities and implementing life cycle cost management strategies. Steckroth has been instrumental in expanding Fleet Advantage’s client portfolio by integrating data-driven solutions that enhance fleet performance, reduce costs, and meet sustainability goals. Steckroth’s active involvement with industry groups. Her role on the National Private Truck Council’s (NPTC) Annual Conference Planning Committee, underscores her thought leadership in the transportation sector. Her ability to navigate complex challenges, build consultative partnerships, and champion diversity in the industry sets her apart as a top professional. Steckroth’s contributions include enhancing Fleet Advantage’s value proposition through tailored client solutions, which have resulted in increased client satisfaction and a strengthened competitive edge for the company.  

XPO’s Q4 and FY 2024 earnings top expectations

XPO is announcing a strong fourth quarter and full year in its latest financial report. “We’re pleased to report a strong fourth quarter that caps a year of above-market earnings growth,” said Mario Harik, CEO. “Companywide, we delivered full-year increases of 27% in adjusted EBITDA and 31% in adjusted diluted EPS, compared with the prior year.” The company reported diluted earnings from continuing operations per share of $0.63, compared with $0.49 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $0.89, compared with $0.77 for the same period in 2023. For the full year 2024, the company reported diluted earnings from continuing operations per share of $3.23, compared with $1.62 for 2023, and adjusted diluted earnings from continuing operations per share of $3.83, compared with $2.92 for 2023. Outperforming Expectations “Our North American LTL business outperformed full-year expectations, with adjusted operating income growth of 27% and adjusted operating ratio improvement of 260 basis points — all while integrating 25 new service centers into our network,” Hariksaid. “Importantly, we delivered record service levels, driving a 7.8% increase in yield, excluding fuel, and a 6.8% increase in revenue per shipment. In addition, we continued to leverage our proprietary technology to improve labor productivity, and we reduced outsourced linehaul miles to the best level in our history. These efficiencies further improved our cost structure and service quality.” Fourth Quarter Highlights For the fourth quarter 2024, the company generated revenue of $1.92 billion, compared with $1.94 billion for the same period in 2023. The year-over-year decrease in revenue was due primarily to lower fuel surcharge revenue in the North American LTL segment. Operating income was $148 million for the fourth quarter, compared with $119 million for the same period in 2023. Net income from continuing operations was $76 million for the fourth quarter, compared with $58 million for the same period in 2023. Diluted earnings from continuing operations per share was $0.63 for the fourth quarter, compared with $0.49 for the same period in 2023. Adjusted net income from continuing operations, a non-GAAP financial measure, was $107 million for the fourth quarter, compared with $93 million for the same period in 2023. Adjusted diluted EPS, a non-GAAP financial measure, was $0.89 for the fourth quarter, compared with $0.77 for the same period in 2023. Earnings adjusted before interest, taxes, depreciation and amortization (“adjusted EBITDA”), a non-GAAP financial measure, was $303 million for the fourth quarter, including a $34 million real estate gain from a planned service center sale tied to a relocation, compared with $264 million for the same period in 2023. The company generated $189 million of cash flow from operating activities in the fourth quarter and ended the quarter with $246 million of cash and cash equivalents on hand, after $108 million of net capital expenditures. Results by Business Segment North American Less-Than-Truckload (LTL): The segment generated revenue of $1.16 billion for the fourth quarter 2024, compared with $1.19 billion for the same period in 2023. On a year-over-year basis, shipments per day decreased 4.4%, tonnage per day decreased 5.7%, and yield, excluding fuel, increased 6.3%. Including fuel, yield increased 1.7%. Operating income was $179 million for the fourth quarter 2024, compared with $149 million for the same period in 2023. Adjusted operating income, a non-GAAP financial measure, was $159 million for the fourth quarter, compared with $160 million for the same period in 2023. Adjusted operating ratio, a non-GAAP financial measure, was 86.2%, reflecting a year-over-year improvement of 30 basis points. The 20% year-over-year increase in adjusted EBITDA was due primarily to a gain on sale of real estate, as well as higher yield, excluding fuel, and lower purchased transportation costs, partially offset by lower fuel surcharge revenue and a decrease in tonnage per day. Adjusted EBITDA for the fourth quarter 2024 was $280 million, compared with $233 million for the same period in 2023. European Transportation The segment generated revenue of $765 million for the fourth quarter 2024, compared with $753 million for the same period in 2023, primarily driven by pricing growth. Operating income was a loss of $11 million for the fourth quarter 2024, compared with a loss of $2 million for the same period in 2023. Adjusted EBITDA was $27 million for the fourth quarter 2024, compared with $36 million for the same period in 2023. Corporate The segment generated an operating loss of $19 million for the fourth quarter 2024, compared with a loss of $28 million for the same period in 2023. The fourth quarter 2023 loss included an $8 million litigation matter. Adjusted EBITDA was a loss of $4 million for the fourth quarter 2024, compared with a loss of $5 million for the same period in 2023. “We’ve entered 2025 with strong momentum, following landmark network investments that strengthen our competitive position in a freight market recovery and for the long-term,” Harik said. “The intense execution you see in our results will continue to deliver years of margin expansion.”

Netradyne partners with All My Sons Moving & Storage to enhance safety and customer experience

SAN DIEGO, Calif. —  Netradyne is partnering with All My Sons Moving & Storage to enhance safety and customer experience. According to a joint press release, All My Sons has selected Netradyne’s Driver•i D-450, including the Driver•i Hub X, to enhance employee protection, improve road safety and elevate customer service. “Moving is deeply personal, and at All My Sons, we want to have our customers’ confidence when facilitating a major life transition,” said Walter Black, vice president of risk management at All My Sons. “This means having complete visibility into their precious cargo and ensuring the safety of the drivers transporting it. After evaluating multiple safety technology providers, we determined that Netradyne’s advanced AI technology and superior camera offerings surpass its competitors when it comes to our driver’s safety. Coupled with the company’s exceptional customer service, we’ve seen a positive impact on our fleet’s overall performance.” Enhanced Safety Measures According to the release, Driver•i Hub-X enhances the Driver•i platform, providing fleets with expanded visibility inside and outside the vehicle. With support for up to four additional auxiliary cameras, including an in-cab monitor for drivers, Driver•i Hub-X significantly improves situational awareness for both driving and non-driving activities—helping to reduce risk and enhance safety around the vehicle. “The 360-degree external views enhance incident response, quality control, and risk mitigation, leading to estimated annual savings of up to $3 million for All My Sons through accident prevention, liability exoneration, theft reduction and freight security,” the release said. “Additionally, cargo and rear cameras improve ramp, liftgate, and freight monitoring for both drivers and management. Notably, fender cameras enable rapid and precise liability assessments, further strengthening fleet protection.” Reducing Risk With Driver•i’s AI-driven insights, alerts, and notifications, All My Sons’ drivers have improved their GreenZone score year-over-year, which is directly correlated to reducing risky driving along with reduced incident claims, according to the release. The Driver•i D-450 and Driver•i Hub X represent Netradyne’s most advanced video telematics offering: Comprehensive 360-degree coverage for enhanced visibility Forward collision warning to prevent accidents Advanced drowsiness detection for driver well-being Positive Reinforcement All My Sons’ drivers have embraced safer driving habits through Netradyne’s focus on positive reinforcement approach, which fosters a culture of continuous improvement, according to the release. With 100% of the driving time analyzed, fleet managers can accurately identify high-performing drivers and reinforce the driving habits that result in safer driving. “Netradyne’s focus on people aligns seamlessly with All My Sons’ family-oriented values,” said Adam Kahn, president, Netradyne. “We’re honored to have played a role in All My Sons’ success by providing technology that drives safety, efficiency, and customer satisfaction, solidifying their industry leadership.”

JB Hunt reflects on 35 years of intermodal service

LOWELL, Ark. – J.B. Hunt recently achieved and celebrated a major company milestone as its intermodal service surpassed 35 years of operations. In Feb. 1990, the first J.B. Hunt intermodal load departed Chicago via the industry’s first collaboration between trucking and railroad companies, “bringing to life the vision of company founder Johnnie Bryan Hunt and Santa Fe Railway President (now BNSF Railway) Mike Haverty. The two named the service Quantum, a testament to its innovative approach and potential significance.” “Intermodal started as an idea to bring two services together and create a customer-focused, efficient solution,” said Shelley Simpson, president and CEO of J.B. Hunt. “This dream was brought to life by teams working closely together, never losing faith in the belief of a better way to move freight, one rooted in integrity, respect, safety and excellence. It changed freight transportation forever and set the company on a path of continued innovation, sparking 35 years of growth and expansion.” After starting with just 150 trailers, J.B. Hunt Intermodal (JBI) i now includes more than 122,000 containers and 6,500 tractors. The company says its concept of double-stacking containers reduced load/unload timing and generated efficiency, which drove growth and adoption among customers. By 2000, intermodal service had expanded to become its own business unit within J.B. Hunt, providing the opportunity to strategically focus on service quality and operational excellence. JBI would become the company’s largest revenue source in 2003, which it remains today. In 2010, JBI moved more than one million loads in a calendar year for the first time in company history, only to surpass that milestone in 2018 when the company moved two million loads in a year. Most recently, JBI set historic company records for quarterly, monthly and weekly intermodal volumes in 2024. “The long-term impact of intermodal demonstrates just how groundbreaking the service has been,” said Darren Field, president of intermodal at J.B. Hunt. “Intermodal has been a driving force for reducing the amount of long-haul over-the-road freight. This means unmatched efficiency and sustainability benefits for customers. For our drivers, it gives them more quality time at home with their families. Thank you to our people, customers and rail providers all over North America for 35 years of helping us set the standard of great intermodal service. Along with investments in our people, technology and capacity, your momentum continues to fuel intermodal’s potential. As Mr. Hunt would say, we’re just getting started.”

TCA Scholarship applications are now open through March 21

The Truckload Carriers Association (TCA) TCA Scholarship Fund application period is officially open and will run through March 21. “The lasting success of TCA’s scholarship program, coupled with the generous support from donors and their dedication to giving back, highlights an additional benefit of TCA membership,” said Joey Hogan, board member at Covenant Logistics and chairman of the TCA Scholarship Committee. “We are truly grateful to the donors, and the inclusion of Junior Colleges in the program emphasizes the vital role trades play in our industry. I encourage all TCA members to share this scholarship opportunity with their employees as we look forward to another successful year.”  Two and Four Year Scholarships Available The program will again accept applicants from full-time students attending accredited two-year programs at junior colleges as well as four-year accredited colleges. Scholarship monies will be awarded for 2025-2026 academic year.  “This scholarship program is such a great TCA member benefit, and I encourage all TCA members, carriers and associates, to engage here and get your employees excited about this opportunity,” said Zander Gambill, TCA vice president of membership and outreach. Legacy of Learning For nearly 50 years, the TCA Scholarship Fund has been helping students with connections to the truckload industry. The Fund awards up to $6,250 per year, per full-time four-year college student and then up to $2,000 per full-time two-year college student. In the current 2024-2025 academic year, the TCA Scholarship Fund’s Board of Trustees awarded 60 students scholarships totaling overing $168,000.  “Much of the program’s support comes from within the truckload TCA family—companies and individuals who are committed to our truckload community’s future,” the TCA said in a press release. “Any student in good standing (minimum grade point average of 3.0) who will be attending an accredited, four-year or two-year college or university as a freshman, sophomore, junior, or senior, and who is either the child, grandchild, or spouse of an employee or is an employee of a TCA member company or is the child, grandchild, or spouse of an independent contractor or an independent contractor affiliated with a TCA member company is encouraged to apply.” More information and the application are located at this link: TCA Scholarship Fund — OFIC. Please reach out to OFIC directly at [email protected] with any inquiries on the application process. 

FTR, Truckstop: Spot rates mixed but follow seasonal expectations

BLOOMINGTON, Ind. — The total broker-posted spot market rate in the Truckstop system was essentially unchanged during the week ending January 31 (week 4), but spot rates for dry van and refrigerated equipment fell while flatbed spot rates rose. “The moves for rates in all three equipment types matched the typical pattern for late January,” FTR and Truckstop said in a media release. “Dry van spot rates are the lowest since Thanksgiving, but refrigerated rates have not quite given back their holiday-period surge. Flatbed spot rates are the highest in 14 weeks.” According to Truckstop and FTR, the spot market is transitioning from a period of the year when van spot rates reliably decline absent weather impacts into one that is more variable. The tariffs announced on Saturday could potentially disrupt spot metrics this week, although it is unclear in what direction if it has any effect at all. Total Spot Load Availability Total load activity rose 4% after falling more than 15% during the previous week, which included a federal holiday. Volume was about 6% below the same 2024 week and almost 33% below the five-year average for the week. Total truck postings rose 6.6%, and the Market Demand Index – the ratio of load postings to truck postings in the system – fell to its lowest level of the year so far. Total Spot Rates The total market broker-posted spot rate inched up a tenth of a cent, thus technically rising for the first time in five weeks. Rates were down 3.4% from the same 2024 week and about 7% below the five-year average for the week. Rates excluding a calculated surcharge were down close to 3% y/y. Rate changes during the current week (week 5) have been less consistent over time than in week 4. Dry Van Spot Rates Dry van spot rates decreased about 9 cents – the largest drop since February of last year – after declining more than 3 cents in the previous week. Rates were more than 5% below the same 2024 week and more than 9% below the five-year average for the week. Rates excluding a calculated fuel surcharge were down nearly 5% y/y. Dry van loads ticked up 0.6%. Volume was about 21% below the same 2024 week and about 37% below the five-year average. Refrigerated Spot Rates Refrigerated spot rates fell about 10 cents after dropping more than 11 cents during the prior week. After rising nearly 40 cents in four weeks, refrigerated rates have fallen close to 37 cents in three weeks. Rates were 4.5% below the same 2024 week and about 7% below the five-year average for the week. Rates excluding a calculated fuel surcharge were down 4% y/y. Refrigerated loads fell 10.3%. Volume was more than 22% below the same 2024 week and almost 38% below the five-year average. Flatbed Spot Rates Flatbed spot rates rose 4.5 cents – the strongest increase since October – after holding basically unchanged in the previous week. Rates were more than 3% below the same 2024 week and more than 6% below the five-year average for the week. Rates excluding a calculated fuel surcharge were down 2.5% y/y. Flatbed loads rose 10.3%. Volume was nearly 12% above the same 2024 week but 33% below the five-year average.

Logistics Plus recognizes six LTL carriers for 2024 awards

ERIE, Pa. — Logistics Plus Inc. is recognizing six less-than-truckload (LTL) carriers for superior performance and partnership in 2024. “This is the ninth year of our annual LTL awards program, and we once again proudly recognize six of our top partners for being the best-of-the-best,” said Scott Frederick, CMO and LTL Carrier Relations for Logistics Plus. “It was another competitive year, but Pitt, Estes, Ward, Dayton, RIST and LET provided the best overall performance across our partnership ratings. Congratulations to all.” 2024 LTL Champions The 2024 award recipients include: Pitt Ohio: Diamond Award. It is the first time Pitt Ohio has received top honors and its second year receiving an award. Estes Express: Titanium Award. Estes is bringing home this award for the 7th consecutive year. Ward Transport & Logistics: Platinum Award. It is the seventh time in eight years Ward has earned an award. Dayton Freight: Gold Award. 2024 marks the 9th consecutive win for Dayton. RIST Transport: Silver Award.  RIST has earned an award four consecutive years. Lake Erie Trucking: Bronze Award. Lake Erie Trucking has earned an award two years in a row. Logistics Plus LP manages over a quarter million freight shipments annually. Services are delivered through the Logistics Plus proprietary eShipPlus and MyLogisticsPlus transportation management systems – online TMS platforms with built-in MyFreightTrends business intelligence dashboards. LP also offers shippers truckload, expedited, international freight forwarding, claims management, freight audit & payment, business intelligence and other supply chain solutions Logistics Plus works with over 50 carriers to deliver LTL services in this concentrated transportation segment. The 2024 annual LTL carrier awards are based on an assessment of the following performance criteria: Share of business volume and freight spend Service, claims, and billing performance Price competitiveness, speed, and coverage Customer service and account representation Partnership characteristics and ease of doing business

4 State Trucks partners with largest chrome shop in Northern Indiana, I-65 Truck & Accessories

REMINGTON, Ind. —  4 State Trucks is partnering with I-64 Truck and Accessories Sales, a chrome shop and truck service center. “This joint venture is incredibly exciting for all of us, as it represents a shared commitment with the folks at I-65, to now be delivering top-quality products and service to more loyal customers that are based out the upper central USA,” said Bryan Martin, owner of 4 State Trucks. Expanded Inventory Selection I-65 Truck and Accessories is now an authorized dealer of 4 State Trucks products, according to a company media release. The partnership allows for a wider availability of 4 State Trucks chrome and accessories, repair parts and collision repair parts. Customers will have greater access to top-of-the-line brands like BESTfit, Vendetta, Bawer, Legendary, Chrome Shop Mafia and TPHD. Convenient Location Located between Chicago and Indianapolis, I-65 Truck and Accessories is nested right off Highway 24. It offers ample truck and trailer parking for customers. Aftermarket parts can be ordered and shipped to I-65’s store in Indiana to be picked up and installed in one convenient spot. Looking Ahead “I couldn’t be any more excited about the future, said Galen Hoover, owner of I-65 Truck and Accessories. Hoover noted that the partnership is “a whole new day for our shoppers.” Driven by shared values and goals, partnership allows both companies to improve on what matters most: customer satisfaction, the widest parts offering and convenience, the release said.

PODS names Lori Baggett senior vice president – chief legal officer

CLEARWATER, Fla. —  PODS Enterprises, LLC, is announcing the appointment of Lori Baggett as senior vice president – chief legal officer.  “It is an honor to step into this role and continue serving PODS during such an exciting time in the company’s journey,” Baggett said. “I look forward to working with our exceptional team to support PODS’ continued growth and commitment to delivering unmatched service to our customers.”  Policy and Strategy Baggett joined PODS in 2021 as vice president – associate general counsel, overseeing regulatory and safety compliance, labor and employee relations, business strategy and operational policies. With more than 17 years of legal expertise, her contributions have already “proven invaluable to PODS’ success.” Baggett will steer the company’s legal strategy and ensure continued operational excellence, the company said in a media release.  “Lori’s depth of knowledge and leadership in legal operations significantly empower our strategic visions and operational initiatives, and her insight will be pivotal as we continue to expand and innovate within our sector,” said Kathy Marinello, president and CEO. Setting a Standard  Prior to joining PODS, Baggett worked at Carlton Fields for 17 years, where she advanced from associate attorney to shareholder and then to managing shareholder of its Tampa office. In 2021, she was included in the Tampa Bay Business Journal’s Power 100, an inventory of the area’s most influential business leaders.  “Baggett will oversee all facets of PODS’ legal operations, including regulatory compliance, corporate governance, risk management, and legal strategy,” the company said. “Her appointment reflects PODS’ ongoing commitment to fostering leadership excellence and driving the company’s mission forward.”

Logistics Plus earns ‘Great Place to Work’ certification for eighth straight year

ERIE, Pa. —  Logistics Plus Inc. is celebrating its 8th consecutive Great Place to Work (GPTW)certification. “Great Place To Work certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” said Sarah Lewis-Kulin, vice president of Global Recognition at GPTW. Real-time Feedback Lewis-Kulin emphasized that certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. “By successfully earning this recognition, it is evident that Logistics Plus stands out as one of the top companies to work for, providing a great workplace environment for its employees,” Lewis-Kulin said. High Standards The award is based almost entirely on what the company’s employees say about their experience working at Logistics Plus. Close to 90% of employees say Logistics Plus continues to be a great place to work, according to a GPTW media release. This is an admirable achievement given the company’s significant growth over the past several years. Its score is 32 percentage points higher than the average U.S. company. Survey Results Additional facts from this year’s survey results: 97% of employees say they are treated fairly regardless of their race. 93% say they are proud to tell others they work here. 93% rate the service that Logistics Plus provides as “excellent.” 91% say management is competent at running the business. 90% feel good about the ways Logistics Plus contributes to the community. Something Special “I do believe that what we’ve created here at Logistics Plus is special,” said Jim Berlin, founder and CEO of Logistics Plus.  “Our younger folks may not realize that because they may not have worked elsewhere, but the ‘older’ folks know. And it’s only because of the wonderful people we’ve been able to bring together under the LP roof. As good as the last 28 years have been, I do believe the best is yet to come.” According to GPTW research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work and are twice as likely to be paid fairly, earn a fair share of the company’s profits, and have a fair chance at promotion.

DAT: Spot market rates dip despite demand for trucks

BEAVERTON, Ore. — Demand for trucks on the spot market typically rise at the end of a month as shippers clear their docks, according to DAT. The total number of loads posted on DAT One increased by 4% in the final week of January compared to the previous week. The total number of trucks posted rose almost 6%, and weekly average rates declined. All rates are weekly average linehaul spot rates (net fuel). Dry Vans ▲  Van loads: 1,010,734, up 4.5% week over week ▲  Van equipment: 168,858, up 6.2% ▼  Linehaul rate: $1.72 net fuel, down 4 cents Reefers ▼  Reefer loads: 419,025, down 11.8% week over week ▲  Reefer equipment: 49,109, up 5.5% ▼  Linehaul rate: $2.04 net fuel, down 7 cents Flatbeds ▲  Flatbed loads: 682,742, up 16.9% week over week ▲  Flatbed equipment: 29,564, up 5.0% ▼  Linehaul rate: $2.00 net fuel, down 1 cents Market Notes from Dean Croke, DAT iQ Industry Analyst “DAT’s Top 50 van lanes by loads moved last week averaged $2.03 a mile (net fuel).” Croke said. “That’s down 5 cents for the second straight week. However, this was 31 cents higher than the national 7-day rolling average spot rate. Markets to Watch El Paso vans: El Paso, Texas, is across the border from Ciudad Juárez, a prominent manufacturing hub for importers. The average outbound dry van rate from El Paso was $1.58 a mile last week, 16 cents higher year over year. “The average spot reefer rate plunged last week as temperatures warmed and demand for temperature-controlled equipment eased,” Croke said. “Reefer demand typically declines through the end of April when harvests bring tighter capacity. Philadelphia reefers: DAT’s Market Conditions Index (MCI) predicts capacity to remain tight this week. Philadelphia is the second-largest reefer spot market in the DAT freight network during winter, representing 3% of weekly volume. Top outbound load-post destinations by volume: Atlanta, Baltimore, and Hartford. Flatbed Rates “The national average flatbed linehaul rate has been within 3 cents of $2 a mile for the last 11 weeks.” Croke said. “The 52-week rolling average is $2.01 a mile. The 104-week rolling average is $2.02 a mile.”

Volvo and Waabi drive innovation in autonomous trucking with partnership

TORONTO —  Waabi, is partnering with Volvo Autonomous Solutions for the joint development and deployment of autonomous trucks. “At Waabi, we believe that vertically integrating next-generation AI technology directly into an OEM’s vehicle production is the path forward to bring safe, robust autonomous vehicles to the road, at scale,” said Raquel Urtasun, founder and CEO, Waabi. “Volvo’s leadership in safety, commitment to excellence in engineering, and investment in forward looking innovation makes them an ideal partner to realize the future of self-driving trucks everywhere.” The partnership combines Waabi’s  generative AI with Volvo’s leadership in automation and safety innovation in autonomous trucking. It will usher in a new era of safer, more efficient, and sustainable freight transportation, according to media release. Safe Autonomous Operations Through this partnership, Volvo and Waabi are vertically integrating Waabi’s virtual driver system, the Waabi Driver, into the Volvo VNL Autonomous, Volvo’s autonomous truck with redundant systems for enabling safe autonomous operations. The Volvo VNL Autonomous will be produced at Volvo’s flagship New River Valley assembly plant and is based on Volvo’s autonomous technology platforms, supporting diverse operational needs, use cases and Volvo Group truck brands. The collaboration aims to transform the $1 trillion North American freight industry by enabling the deployment of autonomous trucks that redefine safety and efficiency standards. Committed to Change Waabi and Volvo are deeply committed to developing autonomous transportation solutions that prioritize safety, efficiency, and sustainability. They want to tackle the challenges facing today’s transportation industry. Waabi’s next-generation AV2.0 approach enables autonomous trucks that can safely generalize to different scenarios on the road. This innovation, integrated with Volvo’s industry-leading purpose-built autonomous truck, is enabling a safe autonomous solution to support broad commercial deployment, according to a joint media release. “Waabi is at the forefront of developing self-driving technologies leveraging the full power of AI,” said Shahrukh Kazmi, CPO at Volvo Autonomous Solutions. “We are excited to integrate Waabi’s cutting-edge technology into our autonomous truck platform and work together to jointly develop a safe, efficient, and scalable autonomous transport solution.” The partnership is a continuation of Volvo’s collaboration with Waabi over the past two years. Volvo Group Venture Capital first becoming a strategic investor in the company in January of 2023 and later investing in the company’s $200M USD Series B round. The two companies have laid the groundwork for the integration of the Waabi Driver into the Volvo VNL Autonomous. They and are preparing for testing in 2025.

JB Hunt earns addition to Dow Jones index

LOWELL, Ark. – J.B. Hunt announced in a media release on Tuesday that it has been named to the North American Dow Jones Sustainability Index (DJSI North America) for 2024, earning a spot among sustainability leaders identified by S&P Global through the Corporate Sustainability Assessment. “The DJSI North America is one of the highest standards for evaluating companies’ sustainability efforts. Being a constituent on the index demonstrates our company’s progress toward reducing our environmental impact and enhancing the value we create for our employees, customers and communities,” said Greer Woodruff, executive vice president of safety, sustainability and maintenance at J.B. Hunt. “It is an honor to be included for the first time ever and reflects the hard work and commitment of our team to design and implement best-in-class supply chain solutions that help our customers achieve their sustainability goals.” The DJSI North America represents the top 20% of North America’s largest 600 companies in the S&P Global Brand Marketing Index based on long-term economic, environmental and social criteria. J.B. Hunt is the only road transportation company to make the DJSI North America and one of just five companies in the overall transportation industry group. In 2023, J.B. Hunt surpassed the halfway mark for reaching its ambitious goal to reduce its carbon emissions intensity 32% by 2034 from a baseline year of 2019. Complementary to its goal, the company’s intermodal service leads the industry in converting over-the-road shipments to rail, which on average reduces a shipment’s carbon footprint by 65% versus highway truck transportation. Over the past decade, J.B. Hunt’s Intermodal service has helped avoid an estimated 30 million metric tons of CO2e emissions. The DJSI North America is widely regarded among the investor community as a leading standard for companies adopting top sustainability practices. The S&P Dow Jones Indices, which includes DJSI North America, will rename several of its sustainability and ESG-related indices to the Dow Jones Best-in-Class Indices on February 10.

In a rare instance, diesel prices are largely unmoved

It is a rare week in the diesel market. Prices per gallon remained virtually unchanged after a fairly sharp drop in the previous week. Nationally the price went from $3.659 to $3.660. What it means for regional prices is that some rose while some regions fell. The sharpest drop came from the Central Atlantic dropping from $3.995 to $3.966. The West Coast minus California Region was the one of the highest increases from $3.823 to $3.857. The East Coast also fell by around three cents from $3.659 to $3.660. The Lower Atlantic also fell by around three cents from $3.718 to $3.682.