Stay Metrics Analysis Finds New Drivers Spur Higher Turnover Rates
More than 70% of driver turnover occurs in the first year of employment, and 36% of drivers leave a firm within their first three months on the job, according to an analysis from Stay Metrics, the South Bend, Ind.-based driver turnover and retention consultant to carriers.
July 16, 2018Trucker Tools Raises $4.4 Million in Series A Funding
Trucker Tools LLC, a Reston, Va.-based company that provides carrier capacity management and predictive freight-matching solutions, said on July 12 it has raised $4.4 million in Series A funding from its existing investors to support customer acquisition and product development.
July 16, 2018Wagers Named Interim Chief at XPO's LTL Group
XPO Logistics has named Kenny Wagers as the interim president of its less-than-truckload business, replacing Tony Brooks, who has left the company.
July 16, 2018California Business Leaders Fight to Save New Fuel Tax
It’s not often the California Chamber of Commerce endorses a tax increase. You are more likely to see such legislative proposals — on high-income earners, on services, on corporations — make the “job killers” list that the state’s largest business advocacy organization puts out each year to beat back bills it doesn’t like.
July 16, 2018Longshoremen’s Union to Vote on Contract for Port of New York-New Jersey
Members of the International Longshoremen’s Association will vote on whether to ratify a new six-year contract covering employees at the Port of New York and New Jersey.
July 16, 2018Penske Tackles Challenges of Battery-Electric Trucks
Penske Truck Leasing is preparing to dive deeper into medium- and heavy-duty battery-electric trucks as a trickle of the alternatively powered vehicles begin to find their way in a world where diesel will remain trucking’s main fuel for quite a while, company executives said.
July 16, 2018Truck Makers Address Technician Shortage
Mack Trucks announced it is partnering with colleges in Florida, Ohio and Texas to offer the Diesel Advanced Technology Education program beginning in early 2019 to address a shortage of skilled vehicle service technicians.
July 16, 2018Reimagining Trucking
The nation’s largest for-hire carriers are embracing new technologies and doing more to foster innovation with the goal of reducing the cost of moving freight and providing new service capabilities.
July 16, 2018J.B. Hunt Profits Power Up 55% in 2Q; Revenues Rise 24%
J.B. Hunt Transport Services reported second-quarter net earnings of $151.7 million, or $1.37 a share, up 55% from $97.9 million and 88 cents per share in the second quarter of 2017.
July 16, 2018Several Carriers Fine-Tune Compensation in Face of Driver Shortage
The second quarter brought a number of increases in driver compensation as the driver shortage continued to impact carriers’ ability to transport loads.
July 16, 2018