Trucking
DAT Freight Analytics Dean Croke July 11, 2023
Truckload carriers have been experiencing considerable growth in freight volumes in the Southeast and Southwest since the pandemic began in early 2020, and it is likely being sustained based on recent data from the U.S. Census Bureau. The Northeast, traditionally
a GDP powerhouse, now contributes less to the national GDP than six fast-growing states in the South — Florida, Georgia, North Carolina, South Carolina, Tennessee, and Texas. The population migration during the pandemic helped steer about $100 billion in new
income to the Southeast in 2020 and 2021 alone, while the Northeast lost about $60 billion, based on an analysis of recently published Internal Revenue Service data. The Southeast has accounted for more than two-thirds of all job growth in the U.S. since early
2020, almost doubling its pre-pandemic share.
DAT Freight Analytics July 11, 2023
Chart of truckload volumes and spot rates for the week of July 3 to 9.
CCJ Debbie Ruane Sparks July 10, 2023
And as the industry digitizes, we need to speak one language with respect to terms, processes and protocols. This is especially true when it comes to bills of lading, which is why the National Motor Freight Traffic Association’s (NMFTA) Digital LTL Council
has been working since 2019 to develop a now implemented (but still being perfected) industrywide standard for electronic bills of lading (eBOL).
Our eBOL standard is already delivering results for those who have implemented it. That number accounts for 15% of all LTL industry revenue and includes heavy hitters like Old Dominion Freight Line, Dayton Freight Lines, Estes Express, Southeastern Freight
Lines, and many others. On the 3PL side, we recently published a case study about the impact C.H. Robinson is experiencing just from not having to make phone calls to chase down PRO numbers, or ask about packaging type, or how many pallets are being used.
Industry
Logistics Management Jeff Berman Jeff Berman July 12, 2023
How do you view the prospects for the 2022 Peak Season? It seems like there is a decent amount of sentiment that it will be slow to develop, or be more like a plateau, of sorts.
Greg Hewitt: I think that what I'm seeing and what I'm hearing would align with what you've heard. We're not forecasting that it's going to be a return to pre pandemic peak levels where traditionally we would see a 25%-to-30% lift in November, December over
the prior quarter’s run rate. I think it'll be a little bit better than last year, which, when I look back at last year, what we saw was very flat and there was almost no peak. And what that looked like there still the traditional lift that goes with the business-to-consumer
(B2C) e-commerce market, there was a rise in those customers that corresponded to people's buying behavior around the holidays. But what we saw was a continued decline in the traditional business-to-business (B2B) areas of high tech, automotive engineering,
and manufacturing. That was just down and so it looked flat. I think that when I look at this year, we've seen a continuation of that trend into 2023.
Government/Safety/Sustainability
Transport Topics Joe Howard July 11. 2023
Daimler Truck during a Capital Market Day event recommitted to its ambitions for expansion of alternative fuels across its business, stressing that diesel will remain an important part of the mix while development of battery-electric and hydrogen technologies
evolves.
“The speed of decarbonization in trucking is highly driven by the availability of infrastructure and competitive cost of green energy,” the company said in a July 11 news release that accompanied the event. “Thus, the transformation requires a transition phase
in which the diesel engine still plays a central role.”
Workforce
Fleet Owner Scott Achelpohl July 11, 2023
Women still make up low percentages in two high-profile roles in trucking and transportation—drivers and technicians—but are making inroads in both occupations and form much higher percentages of the workforce in other key departments at commercial fleets and
related organizations such as dispatch, safety, HR, and importantly the C-suite and boards of directors, according to brand-new data from the Women In Trucking Association 2023 Index, released July 10.
Link: Women In Trucking Press Release Women In Trucking Association Releases 2023 WIT
Index Data
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