April marked strongest month on record for carriers, analysts say
News and briefs on the trucking for Friday June 11, 2021:
Trucking conditions hit new record for carriers in April
After a record month in March, FTR’s Trucking Conditions Index (ICT) for April hit a new high of 16.82, beating March’s record of 16.27.
While most market factors weren’t as strong in April as they were in March, a reversal in higher diesel prices in March improved overall trucking conditions, according to FTR.
The relief in fuel costs has been short lived, but FTR expects strong freight demand coupled with high capacity utilization and robust freight rates to maintain trucking conditions in the short term and in the future. less to a positive figure until 2022 and possibly beyond.
“We have yet to see any signs that the driver capacity situation is changing, and May’s weak wage employment data for trucking is an indication of that,” said Avery Vise, vice-president. -President of FTR Trucking. “Over the next few months, one potential constraint – generous unemployment benefits – will end. While these benefits likely contribute to the hiring challenge, we’re skeptical that their demise will fundamentally change the dynamics. Given the fierce competition for the workforce – job openings in the economy are at an all time high – the trucking capacity challenge could linger longer than usual. One signal that we are watching closely is the spot market. If fares and volumes start to drop, this could indicate a balance between freight demand and the capacity of route guides. “
FTR calculates its Trucking Conditions Index using five main conditions in the US truck market: freight volumes, freight rates, fleet capacity, fuel price, and financing.
Lighting maker asks FMCSA to allow pulsed lights on all trucks
Truck light maker Intellistop has asked the Federal Motor Carrier Safety Administration to allow carriers to install the company’s light module, which turns tail, ID and brake lights up to an intensity lower level lighting to higher level lighting intensity four out of two times. seconds.
Current regulations require all exterior lights to be on continuously, with the exception of turn signals, hazard lights, amber warning lights or flashing warning lights on tow trucks and oversized loads.
If granted, the Intellistop waiver would allow carriers to install its module on all commercial motor vehicles, including flatbed trailers and straight trucks.
The FMCSA is seeking public comment on the petition, which can be done at www.regualtions.gov by searching for File # FMCSA-2021-0048 for 30 days starting Monday, June 14.
The new “Advantage” program and the new business division of Expediter Services
The new Vendor Network Services division of Expediter Services will launch a new ES Advantage program, utilizing a supplier network built over more than 15 years to serve owner-operator and accelerated fleet owner customers. With over 10,000 members in the wider Expediter Services community today, Advantage program participants will have access to ES fuel networks, with discounts in over 1,100 locations nationwide, as well as discounts in-store with below-market hourly repair rates. Preventative maintenance and oil changes are also reduced at major truck stop chains, and retail savings of $ 135 per tire are achievable.
National accounts pricing for toll management, prepaid legal services and online security training are also available at discounted rates, the company said.
The ES Advantage team has created a website that provides details about the program and offers the option to connect with ES to learn more about the ES Advantage. Find more information via this link and listen to a podcast discussing the program with participants via this link.
New love in Mississippi
Love’s Travel Stops opened a new location this week in Holly Springs, Mississippi, off I-22.
The new store offers 46 truck parking spaces, an Arby’s restaurant that will open later, seven diesel bays, five showers, laundry facilities and more.
The Holly Springs location is the 18th Love’s in Mississippi.