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Though slightly, diesel prices rise for the second straight week

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

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

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

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

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

Shippers demand resolution to port negotiations

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

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

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

Marine Veteran to receive 2022 Freightliner Cascadia truck from Progressive Insurance 

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

IRS increases special per diem rate for business travel

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

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

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

CVSA’s 2024 International Roadcheck results in 9,345 CMVs, 2,290 drivers placed out of service

Commercial motor vehicle enforcement personnel in Canada, Mexico and the U.S. conducted 48,761 inspections during this year’s International Roadcheck, which took place May 14-16. According to the Commercial Vehicle Safety Alliance (CVSA), 77% of commercial motor vehicles and 95.2% of commercial motor vehicle drivers did not have any out-of-service (OOS) violations. Conversely, inspectors discovered 13,567 vehicle, 2,714 driver and 163 hazardous materials/dangerous goods (HM/DG) out-of-service violations, and placed 9,345 commercial motor vehicle combinations and 2,290 drivers out of service. The total overall vehicle out-of-service rate was 23%, and the driver out-of-service rate was 4.8%. “International Roadcheck is a three-day commercial motor vehicle and driver inspection, enforcement and data-gathering initiative,” the CVSA said in the report. “Law enforcement jurisdictions throughout North America voluntarily participate in International Roadcheck with support from the Federal Motor Carrier Safety Administration, Canadian Council of Motor Transport Administrators, Transport Canada, and Mexico’s Ministry of Infrastructure, Communications and Transportation.” Vehicle Violations North American Standard Level I, II and V Inspections are the inspection types that involve inspections of commercial motor vehicles. Of the 40,458 Level I, II and V Inspections conducted, 9,299 vehicles combinations were placed out of service, which means those vehicle combinations were restricted from further travel until all out-of-service vehicle violations were resolved. A vehicle is placed out of service when an inspector identifies critical vehicle inspection item violations, as detailed in the CVSA’s North American Standard Out-of-Service Criteria. “The top vehicle out-of-service violation in North America was for defective service brakes,” the CVSA said. “Fully functional brakes are essential, as the ability to control a vehicle’s speed and make a quick stop, if necessary, is vital to safe driving. Defective service brakes can prevent a driver from stopping quickly and/or completely. When brakes fail, the results can be catastrophic, not only for the driver, but for everyone on our roadways.” CVSA aims to prevent crashes caused by faulty braking systems through Operation Airbrake, a comprehensive program dedicated to improving commercial motor vehicle brake safety throughout North America. This is achieved by conducting roadside inspections and educating drivers, mechanics, owner-operators and others on the importance of proper brake inspection, maintenance and operation. VSA Decals Commercial motor vehicles without critical inspection item violations on the vehicle after a Level I or V Inspection are eligible to receive a CVSA decal. Inspectors affixed 17,395 decals to power units, trailers and motorcoaches/buses during International Roadcheck. The decals are valid for the month of issuance, plus two additional months. Vehicles displaying a valid CVSA decal typically are not subject to re-inspection during that time. However, nothing prevents re-inspection of a vehicle or combination of vehicles bearing valid CVSA decals. Vehicle Emphasis Area Each year, International Roadcheck places special emphasis on a category of vehicle violations and a category of driver violations, according to the CVSA. The vehicle emphasis area this year was on tractor protection systems (TPS), including the tractor protection valve, trailer supply valve and anti-bleed-back valve. Inspectors identified 564 TPS-related violations on commercial motor vehicle combinations. Tractor protection systems safeguard the tractor’s air supply and prevent air loss when the tractor is not connected to a trailer or if the trailer breaks away. Driver Violations “North American Standard Level I, II and III Inspections involve inspection of the operators of commercial motor vehicles,” the CVSA said. “Of the 47,743 Level I, II and III Inspections, inspectors restricted 2,290 commercial motor vehicle drivers from further travel due to driver out-of-service violations.” Hours-of-service violations was the top reason drivers were placed out of service. Inspectors restricted 870 drivers from further travel due to hours-of-service violations. Hours-of-service regulations state the maximum amount of time commercial motor vehicle drivers are permitted to be on duty, including driving time, and specify the number and length of rest periods. These regulations are in place to prevent crashes caused by driver fatigue; to protect drivers’ quality of life, health and wellbeing; and to ensure road safety. Driver Emphasis Area The driver emphasis area this year was on alcohol and controlled-substance possession, according to the CVSA. Inspectors issued 78 drug and 26 alcohol possession/use out-of-service violations throughout North America during International Roadcheck. In the U.S., inspectors identified 63 drivers who were placed out of service for operating vehicles even though they were listed in the FMCSA’s Drug and Alcohol Clearinghouse, an online government database that identifies drivers who are prohibited from operating a commercial motor vehicle based on drug and alcohol program violations and ensures that such drivers receive the required evaluation and treatment before operating a commercial motor vehicle on our roadways. Safety Belt Usage “Another driver violation that was captured during International Roadcheck was safety belt usage,” the CVSA said. “A total of 535 safety belt violations were issued during this year’s International Roadcheck. According to FMCSA, 14% of commercial motor vehicle drivers do not wear their safety belt. The agency intends to conduct an online survey of commercial motor vehicle drivers to understand their perceptions and behaviors regarding safety belt usage and road safety.” Hazardous Materials/Dangerous Goods Violations In North America, there were 163 HM/DG out-of-service violations during the 72 hours of International Roadcheck. The top out-of-service violation was for loading. Loading regulations are in place to ensure the safety of the public and those who prepare, inspect and transport HM/DG. Inspection Levels Inspectors conducted 48,761 Level I, II, III and V Inspections total during the three days of International Roadcheck. Broken out, that was: 29,342 Level I Inspections – The Level I Inspection is a 37-step procedure that checks the driver’s operating credentials and the vehicle’s components. 10,098 Level II Inspections – A Level II Inspection is a walk-around driver/vehicle inspection that includes all the items that can be inspected without the inspector physically getting under the vehicle. 8,303 Level III Inspections – The Level III Inspection is an inspection of the driver’s credentials, status in the Drug and Alcohol Clearinghouse, and hours-of-service records. 1,018 Level V Inspections – The Level V Inspection is a vehicle-only inspection that includes each of the vehicle inspection items. The driver does not need to be present for this inspection level. The Level I Inspection is the most-commonly performed inspection, not only during International Roadcheck, but throughout the year; however, inspectors may opt to conduct any of the other inspection levels instead. In all, there are eight inspection level types, which range from the strict inspection of radioactive materials by a specially certified inspector to electronic inspections that can be conducted while the vehicle is motion without direct interaction with an enforcement officer. U.S. CVSA-certified inspectors performed 42,332 inspections in the U.S. during the three days of International Roadcheck. Broken out, 24,232 Level I Inspections, 9,955 Level II Inspections and 8,145 Level III Inspections were conducted. Inspectors identified 11,675 vehicle, 2,619 driver and 140 hazmat violations and placed 7,930 vehicle combinations and 2,151 drivers out of service. The vehicle out-of-service rate was 23.2% and the driver out-of-service rate was 5.1%. The top vehicle violation was for defective brakes (3,093). The top driver violation was hours of service (845). Loading was the top hazmat violation (60). Canada A total of 5,411 inspections were conducted May 14-16 in Canada. Specifically, 5,110 Level I Inspections, 143 Level II Inspections and 158 Level III Inspections were completed. Inspectors identified 1,798 vehicle, 102 driver and 23 dangerous goods out-of-service violations. Mexico Inspectors in Mexico conducted 1,018 Level V Inspections, which are vehicle-only inspections. They identified 94 out-of-service violations and placed 36 vehicles out of service, which is a 3.5% vehicle out-of-service rate. The top vehicle violation in Mexico during the three days of International Roadcheck was for tires, with 32 out-of-service violations. Tires provide stability and control on the road. Tires with sufficient tread depth and proper inflation reduce the risk of skidding, hydroplaning, and losing control in wet or slippery conditions. Worn or underinflated tires are more likely to blow out or lose traction, which can lead to dangerous situations on the road.

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

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

The Trucker, Trucker Path announce NTDAS winners

PHOENIX – The Trucker and Trucker Path announced that Joe Plaziak from Temple, Texas is the grand prize winner of the third annual National Truck Driver Appreciation Sweepstakes (NTDAS). Plaziak hauls dry freight on routes between Philadelphia, Pennsylvania and Greensboro, North Carolina for Big M Transportation, a freight transportation and logistics company located in Blue Mountain, Mississippi. “I became a commercial truck driver a little over one year ago because I saw it as an opportunity to make a good living,” Plaziak said. “Being named the Grand Prize winner in the NTDAS was a complete surprise, but it is very much appreciated because it will be a big help on the road. Especially as a new driver, I’m grateful to know that suppliers recognize how hard a job truck driving can be, and that they appreciate our dedication.” The NTDAS Grand prize included: ●      $2,500 in Sheetz gift cards ●      $2,500 AMEX gift card, compliments of Double Coin Tires ●      25 complimentary one-night vouchers, good at any US Motel 6 ●      $500 ExxonMobil fuel card ●      Apple iPad, compliments of ZOA Energy Drinks ●      Beats by Dre Bluetooth Headphones, compliments of ZOA Energy Drinks ●      ZOA Energy Drinks RTIC Wireless Bluetooth Speaker Cooler ●      ZOA Energy Drinks-branded clothing ●      12 months of SiriusXM, compliments of Trucker Path “I’m sure all the sponsors would agree that it’s great to see a new driver to the industry win the NTDAS Grand Prize this year,” said Chris Oliver, CMO at Trucker Path. “We started this sweepstakes three years ago as our way of recognizing professional truck drivers during National Truck Driver Appreciation Week. Each year the number of sponsors, and thus the number of prizes, increases. We’re looking forward to next year!” The NTDAS recognizes the nation’s truck drivers with prizes that cater specifically to their everyday wants and needs. This year’s title sponsors included Trucker Path, The Trucker Media Group, Sheetz, Double Coin Tires, and Zoa Energy Drinks. Supporting sponsors included Motel 6 and ExxonMobil. The third annual NTDAS also included five weekly drawings for prize packages worth over $2,100 each. NTDAS Weekly Prize winners were: July 28: Jacob Stuii, Fairfield, California August 4: Dennis Whitman, Winterville, North Carolina August 11: Jeff Yount, Fort Myers, Florida August 18: Joseph Hendrix, Nahunta, Georgia August 25: Ryan Delrow, Appleton, Wisconsin Prizes for the weekly drawings included a $500 Sheetz gift card; a $500 AMEX gift card, compliments of Double Coin Tires; an RTIC Wireless Bluetooth Speaker Cooler and branded clothing, courtesy of ZOA Energy Drinks; five  omplimentary one-night vouchers, good at any US Motel 6; a $100 ExxonMobil fuel card; and 12 months of SiriusXM radio service, compliments of Trucker Path.

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

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

PrePass launches GPS toll verification to maximize fleet cost savings

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

More freight should mean higher rates — so why isn’t it happening?

DAT’s Truckload Volume Index (TVI) for August rose month over month for the dry van, refrigerated and flatbed segments tracked. DAT reported an increase of 2.8% from July for dry van, 4.3% for refrigerated and 0.3% for flatbed. Also in August, however, national average spot freight rates fell for all three segments, with dry van falling by a nickel a mile, refrigerated by four cents and flatbed by seven cents. The news wasn’t all bad, though. DAT’s TVI showed a 6.3% improvement over August 2023, and the refrigerated TVI was up 17.6%. “Linehaul rates were year-over-year positive for the first time since March 2022, a trend that should continue into the fall shipping season,” said Ken Adamo, chief of analytics at DAT. “However, year-over-year comparisons are little consolation for truckers looking for better pricing now.” Increasing Costs Because of inflation, truckers are already contending with higher prices for everything they purchase — with the exception of fuel — but fuel is often covered by a surcharge and isn’t included in the DAT rate calculations. The recent half-percent rate cut by the Federal Reserve isn’t likely to show up on credit card interest for months, if at all, and existing truck loans with fixed interest rates won’t be impacted anyway. A 2024 update on the Operational Costs of Trucking, published in June by the American Transportation Research Institute (ATRI), reported that trucking costs, minus fuel, rose by 6.6% in 2023 compared to 2022 costs. Insurance premiums and truck and trailer payments are growing at the fastest rates: From 2022 to 2023, insurance costs rose 12.5%, while truck and trailer payments rose 8.8%. It’s important to note that those increases added to even higher increases the year before. In 2022, for example, truck and trailer payments rose 18.6% and then rose another 8.8% in 2023. Respondents to another ATRI survey reported that those costs continued to rise in the early months of 2024. ATRI reported that driver wages rose by 7.6% in the same period, but truck owners are finding it difficult to increase their take-home cash after paying the increased business costs. Those that are leased to carriers may be seeing a higher per-mile compensation. The Seasonal Factor A part of the rate problem in August is seasonal. Harvests of vegetables and early fruits have mostly been completed and shipped, leaving refrigerated trucks to compete for dry van loads. Grain harvests are beginning, but these products are mostly handled by hopper-bottom or dump equipment. In short, August is typically a slow shipping month, which translates to lower shipping rates. The Cass Freight Index for Shipments reported a 1.0% increase in shipments, but a decrease from last August of 1.9% following a 1.1% decline in July. “These were the smallest declines in 18 months as goods demand continues to grow slowly — and slowing capacity additions reduce the pressure on for-hire shipments,” wrote Tim Denoyer, vice president and senior analyst for ACT Research, who administers the Cass report. The Cass report is compiled using billing data from its clients and includes data from trucking, rail, ship, air and pipeline transportation segments, with about 75% coming from trucking. The data skews towards contract freight rates rather than the spot market. Politics Play a Role There’s no denying that this year’s presidential election, along with numerous other races at both the federal and state levels, have created uncertainty in the trucking industry. “We generally strive to base our outlook on industry economics, rather than politics … but no strategy worth its salt can avoid election implications right now,” Denoyer wrote. Those implications, according to Denoyer, include elevated near-term uncertainty and slowing industrial activity as normal short-term features of presidential elections. “Almost regardless of the outcome, some combination of near-term softness and post-election relief recovery in freight demand is thus likely,” he said. Available Freight The American Trucking Associations (ATA) weighed in with its Truck Tonnage Index, which showed an increase of 1.8% in available freight in August. The ATA index is comprised of survey data received from its membership and leans heavily to contract freight. “August tonnage levels rose to the highest level since February 2023,” said Bob Costello, chief economist for ATA. “Not only does the latest robust gain show freight levels are coming off the bottom, but so does the sequential pattern over the last eight months,” he said. “Starting earlier this year, every time tonnage falls, it is higher than the previous low. For me, this month-to-month pattern is more important than looking at the year-over-year percent changes since we are at an inflection point in the freight market.” Possible Port Strike The Motive Monthly Report for September showed a 7.7% increase during August in truck visits to warehouses of the top 50 U.S. retailers. The report noted an increase in inventory-to sales ratios, indicating that retailers are increasing their stocks ahead of the holiday season. There’s another reason, however. A labor agreement between the International Longshoremen Association (ILA) and port owners is due to expire, and a deadline of Oct. 1 has been set to reach a new agreement. The ILA handles 43% of all U.S. imports, moving through ports on the East Coast and the Gulf of Mexico. A strike could impact consumer goods, causing shortages and price increases. Shipping costs, already on the rise, will be pushed further upward, both by shortages caused by a strike and by higher labor costs once agreement is reached. With the election so close, President Biden isn’t likely to become involved in the negotiations unless conditions become severe. A strong holiday retail season would be a badly needed boon to the trucking industry, but potential strikes at Eastern ports could remove a lot of freight from the market. In the meantime, both presidential candidates have discussed import tariffs that could dampen trade. Per Diem Boost In other news, per diem rates are increasing from $69 to $80 per day, effective Oct. 1. This 16% increase in per diem amounts to another $21 per day on the road to deduct from the income tax bill. This is especially important for owner-operators who pay self-employment tax, as it can increase tax deductions as much as $3,000 to $4,000 per year. That’s not much difference to struggling trucking businesses … but every little bit helps. In the meantime, truckers are still waiting for conditions to get better.

Dry van spot rates sink to their lowest level since June 2020 on Truckstop board

According to data from Truckstop and FTR Transportation Intelligence for the week ended Sept. 20 (Week 38), broker-posted spot rates for dry van equipment fell to their lowest level since June 2020, a “notable benchmark” according to a Sept. 24 press release. Dry van spot rates in the latest week were a tiny fraction of a cent lower than they were during a single week in May 2023, which had been the previous low since June 2020. Total spot rates and rates for flatbed equipment had already been at their lowest level since July 2020. Refrigerated spot rates are not as weak as the other equipment types relative to history, although they declined in the latest week to their lowest level since April. With the growth in truck postings outpacing the uptick in load postings, the Market Demand Index declined to 58.4, which is the lowest level in three weeks. Following is a breakdown of rate activity for the past week. Total spot load availability Total load activity edged 0.9% higher to the highest level in seven weeks after jumping nearly 20% during the week following Labor Day week. Load postings were 3.6% below the same 2023 week and about 34.5% below the five-year average for the week. Total truck postings rose 3.7%, and the Market Demand Index — the ratio of load postings to truck postings in the system — declined to its lowest level in three weeks. Total spot rates The total broker-posted rate decreased 2.6 cents to the lowest level since July 2020 after declining just over 2 cents in the prior week. Rates were 4% below the same below the same 2023 week and more than 10% below the five-year average. The current week (Week 39) historically has seen mostly rising rates for dry van and flatbed but mostly declining rates for refrigerated. The all-in broker-posted rate has been predominantly negative year over year since April 2022, but the lowest diesel prices in nearly three years shows a somewhat different picture for carriers’ overall finances when compared to last year summer when diesel prices were surging. Excluding fuel costs (as estimated by a hypothetical fuel surcharge), broker-posted rates have been positive year over year for the past 10 weeks. Dry van spot rates Dry van spot rates declined more than 3 cents after falling just over 6 cents during the previous week. The decrease was expected as dry van rates have fallen in every week 38 since 2018. Rates were more than 6% below the same 2023 week — the largest negative year-over-year comparison since March — and almost 17% below the five-year average for the week. Excluding an imputed fuel surcharge, rates were 4.6% higher than the same 2023 week. Dry van loads barely changed, ticking up 0.4%. Volume was about 26% below the same 2023 week and close to 49% below the five-year average. Refrigerated spot rates Refrigerated spot rates fell nearly 8 cents after declining 2 cents in the prior week. As with dry van, refrigerated spot rates have fallen in every week 38 since 2018. Rates were 3.5% below the same week last year and close to 13% below the five-year average. Rates excluding an imputed fuel surcharge were up 5.6% year over year. Refrigerated loads fell 8.9%. Volume was almost 9% below the same 2023 week and about 40% below the five-year average for the week. Flatbed spot rates Flatbed spot rates declined just over a half-cent for the 13th decrease in the past 14 weeks. In recent years, flatbed rates have mostly risen in Week 38 and declines have been small. Rates were more than 4% below the same 2023 week and about 10% below the five-year average for the week. Flatbed rates excluding an imputed fuel surcharge were up 4.7% year over year. Flatbed loads increased 3.1%. Volume was 15.5% above the same week last year but more than 28% below the five-year average.

ATRI seeks insights on changing truck driver demographics

WASHINGTON —  The American Transportation Research Institute (ATRI) is conducting research to understand the make-up of the U.S. truck driver population and how it is changing over time.  ATRI will assess over 20 years of survey data from truck drivers, and this latest truck driver survey will provide the newest information on the composition of the truck driver population today – allowing the research to compare changing trends. “As a driver with 33 years on the road, I have seen our driver workforce change over time. Understanding what the truck driver population looks like today is crucial to ensuring that our needs are properly addressed – whether through support, training, or policies that are specifically tailored to truck drivers,” said Richard Frazer, an America’s Road Team Captain and professional driver with Walmart Transportation. “This survey will provide valuable insights into the driver community and highlight areas where we can continue to grow.”  According to an ATRI media release, the brief survey will seek insights on professional and personal aspects of truck drivers today, enabling ATRI to understand the shifts in the truck driver population over the last few decades. All collected data will be kept completely confidential.  The survey is being conducted in concert with ATRI research that is assessing how underrepresented groups might be recruited into the trucking industry, including women, foster care participants and formerly incarcerated individuals.   Truck drivers are encouraged to participate in the survey by clicking here. 

Extension to emergency waiver granting suspension of hours of service regulations in response to Oregon wildfire activity

SALEM, Ore. — The Federal Motor Carrier Safety Administration (FMCSA) has issued another extension to the emergency waiver originally issued in July as a result of the imminent wildfire threat. Due to the threat Governor Tina Kotek declared a state of emergency for Oregon effective July 12. (Executive Order No. 24-13). On July 24 FMCSA approved an extension to Director Strickler’s July 16 emergency waiver (ODOT EW 24-02). As of September 23, FMCSA has issued another extension to the emergency waiver. This Extension of the Emergency Declaration is effective immediately and shall remain in effect until the end of the emergency (as defined in 49 CFR §390.5T) or until 11:59pm (ET), October 1 whichever is earlier. Please review and print the FMCSA waiver for complete details and requirements. For current road conditions visit TripCheck.com.

Southeastern Freight’s Sandy Sharp followed a family tradition into trucking

Sandy Sharp, a 30-plus year veteran of the trucking industry, has a storied history of her decades in the business, as well as tales of the highways and city streets as a driver for Southeastern Freight Lines. The multi-talented Tennessee native, who currently makes her home Nashville, told The Trucker that she was essentially born into the industry. “I came from a family with a trucking background,” Sharp said. “My dad drove, my brother drives, and my other brother works on trucks. It was just in the family.” Sharp’s entire professional career has been in the industry. After moving to Nashville as a teenager, her first major job, held from 1989-1993, was working as a traffic coordinator for a carrier. “I did the pricing and the routing of the trucks and stuff like that,” she said. Sharp joined Southeastern in July 1993, working in a nighttime clerical position. “I closed the loads out and scanned the bills for the billing people to bill on,” Sharp said. “After about six months or so, I moved to the daytime (shift), doing various clerical duties until I got into the OS&D (over, short and damaged) side of it.” Despite being content in her role, Sharp says she felt the call of the road, just as her father and brother did. “I had always told myself that if I could handle the freight, I would be driving,” she said. “One day I was on the dock inspecting some damaged freight and I thought, ‘You know, I’m handling this freight, and I have no trouble doing it.’ I thought, ‘I wanna go drive!’” Luckily for Sharp, Southeastern had a spot available in a training program. After earning her CDL in February 2004, she set out with a training partner to help her get a feel for the myriad of skills and tasks required for her new role, including moving her trailers in the yard, backing them into the dock and shuffling trailers around. “They hooked me up with a mentor and I rode with him through the town,” Sharp said. “He taught me how to navigate the city streets and how to get in and out of places. I had very good teachers, and they were willing to teach me so I could learn.” Sharp runs an urban route on the north side of Nashville, covering more than 100 miles per day. When asked if she ever gets bored or needs something to keep her mind occupied, she laughed. “The traffic in Nashville does that for you,” Sharp said. “Driving in the Nashville traffic on the city streets with a 53-foot trailer, you have got to be aware of what’s around you at all times. I have to stay focused on what I’m doing.” She says Southeastern has been a joy to work for. “To me they have some of the greatest people here in Nashville,” Sharp said. “I can’t give high enough praise. Everybody is willing to help one another out — and that goes for anything, whether it’s work-related or you need something fixed at your house. The people here are just great.” She says she’s made countless friends at Southeastern, many of them like family. “A lot of them call me Mama Sandy,” Sharp said. “There’s one friend who calls me Auntie, and then some of the others refer to me as Baby Girl. I’ve really been called that my whole life, since I have two brothers and no sisters.” Since taking a spot behind the wheel of a rig, Sharp says she’s received support from Southeastern and the trucking industry in general. In 2023 she was named the 2023 Regional Driver of the Year Award. “I felt honored, and it gave me a ‘big head,’” she joked. “I was extremely honored because we do have a lot of good drivers here and I felt just very fortunate and honored that they chose me.” After more than three decades in the trucking industry, Sharp has seen countless changes. One change she is particularly proud of is the evolving role of women in trucking. “When I first started, people would look at you like you were an alien for outer space,” Sharp said. “Over the years, the people have come to see ‘just another driver’ who happens to be female. You do see more and more women now compared to what it used to be when I first started, and I think it’s great.” Sharp says she encourages women to consider entering trucking as a career. “Yes, women can do this job, and it’s a great career to be in,” she said. “There’s no lack of jobs. To me it’s very rewarding … I’m outside all day and I get to hear the birds sing. I see all my different customers and get to build relationships with them. It’s just a great job.” Two of Sharp’s favorite things are being outdoors and finding a way to bring smiles to the faces of her customers. “If they’re having a bad day, I try to make sure they have a smile before I leave,” she said. Sharp’s love of the outdoors — she loves gardening in her spare time — led to one of her favorite stories to share about her job as a driver. However, it was her keen eye that helped save the day for a family of feathered friends. As she was driving in a small industrial area one day, she recounted, she saw a duck just walking back and forth. It struck her as odd, so she stopped to check on it. “Her six little ducklings were stuck in the drain,” Sharp said. “I couldn’t raise the grate because it had been welded shut. I called the fire department; (they) came and got the grate open and got the mama her ducklings back.” Now 57, Sharp says she wants to continue driving as long as she can … even if she eventually trades her current rig for an RV to explore the country with her husband.

Motel 6 sold to Indian hotel operator for $525 million

The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone, which owns Motel 6’s parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth $525 million. The transaction will also include the sale of the Studio 6 motel brand, which caters to customers seeking extended stays. The deal is expected to close by the end of the year. Oyo, which launched in India just over a decade ago, has been expanding its footprint in the U.S. over the past few years. The company says it currently operates 320 hotels across 35 states and is aiming to add 250 more this year. “This acquisition is a significant milestone for a startup company like us to strengthen our international presence,” Gautam Swaroop, OYO’s international division chief, said in a statement. Blackstone had purchased Motel 6 and Studio 6 in 2012 for $1.9 billion. Since then, the private equity giant says it has heavily invested in the brand and pursued a strategy that converted the chain into a franchise. “This transaction is a terrific outcome for investors and is the culmination of an ambitious business plan that more than tripled our investors’ capital and generated over $1 billion in profit over our hold period,” Rob Harper, the head of Blackstone Real Estate Asset Management Americas, said in a statement. Under the deal, Oravel Stays, which owns Oyo, will acquire G6 Hospitality.

Relay Payments expands its fraud-free digital network

ATLANTA — Partnering with a prominent national truckstop like Love’s will give Relay Payments another leg up for a business that is not even six years old yet. Relay Payments, the fintech company modernizing payments for the trucking and logistics industries, is announced via media release its integration with Love’s Travel Stops, broadening its fraud-free digital payment network. According to the release issued,since launching its fuel payments solution in 2023, Relay is now used  by more than 400,000 drivers and 100,000 carriers for secure, over-the-road payments, including fuel, scales, cash advances, and lumpers. Relay’s customers include the country’s largest carriers and logistics companies, including Schneider, Coyote Logistics, and Old Dominion. Adding Love’s Travel Stops to its network, alongside Pilot, Maverik, Yesway, AMBEST, Onvo, and more, marks a significant step toward modernizing over-the-road payments for the trucking industry. As a result of its rapid adoption, Relay has now processed millions of transactions with zero instances of fraud. “Relay’s acceptance at leading fueling stops speaks to the rapid adoption of our solutions and the industry’s need for a comprehensive and secure digital payment network,” said CEO Ryan Droege. “Our mission is to build an end-to-end digital payments network designed specifically for the trucking and logistics industry, helping fleets and drivers keep more of their earnings and reduce frustrations.” When using Relay for fuel payments, carriers and drivers benefit from: A nationwide payment network that protects companies from fraud; A comprehensive suite of over-the-road digital payments for fuel, scales, and lumpers that increases hours of service and improves the driver experience; A 24/7, U.S.-based customer service team that answers the phone in under 30 seconds. “At Gulf Relay, we thoroughly vet new vendors to ensure they help us save time and money,” said Andy Vanzant, Chief Operating Officer at Gulf Relay. “Relay Payments has not only met our expectations but exceeded them, and our drivers love using Relay at their favorite Love’s locations across the country. Relay has set a new standard for how our drivers pay for goods and services over the road.