Aug 15, 2017 • Community

Trucking Industry Trends

Trucking Industry Trends

Trucking Industry Trends

The trucking industry trends reveal the importance of truck freight in America and freight revenue forecasts to grow by 75 percent over the next nine years.

The trucking industry has powered America for over a century moving 70 percent of all freight. As truck drivers move freight across the country so moves our economy. What are the trucking industry trends for 2016? We reveal the answers!

In 2016, the trucking industry:

Generated $676.2 billion in revenue
Accounted for 79.8% of the nation’s freight bill
Moved 10.42 billion tons of freight
Moved 70.6% of all domestic freight tonnage
3.68 million Class 8 trucks registered
Traveled 450.4 billion miles
Powered by small business – 91% of carriers operate six trucks or less
1 in 15 jobs in America is in the trucking industry

“The information in Trends highlights exactly what I tell elected officials, regulators and key decision-makers every day: trucking is literally the driving force behind our great economy,” said ATA President and CEO Chris Spear. “Safe, reliable and efficient motor carriers enable businesses throughout the supply chain to maintain lean inventories, thereby saving the economy billions of dollars each year.”

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TagsTrucking Industry

Winter Driving Tips for Truckers [p]Winter is here bringing with it the end of yet another year. For truck drivers though, winter is no different than any other season. It is the same endless driving through city and country roads no matter the season. The only thing that changes is the way you drive because winter brings rain and snow resulting in wet and slippery roads throughout the country. You need to be extra careful and exercise patience as the odds are stacked against you when it comes to driving in winter. Accidents are not uncommon, with many truckers trying their best to meet delivery deadlines. In such perilous conditions, there are certain protocols to follow, including changing your driving style. Let's talk about what else you can do as a trucker to improve your chances of meeting deadlines this winter. [/p] <h2></h2> [p][b]Focus on the Road [/b][/p] [p]If the road is slippery, you need to keep both your hands on the steering wheel and focus on the road. A slight shift in focus, and the next thing you know, your truck has lost control. You mustn't be distracted by anything, be it music, the radio, or anything else.[/p] <h2></h2> [p][b]Reduce Speed [/b][/p] [p]Yes, you need to meet your delivery deadlines, and for that, you need to drive at a certain pace. But you know what they say, it is better to arrive late than never. Therefore, reduce your truck's speed, judge the road's condition, and increase speed only when it is safe to do so. If you drive slow, you can stop earlier and avoid getting into any accidents. [/p] [img src="https://truckerpath.com/uploads/2020/12/TP-BLOG-Winter_Driving_Tips_for_Truckers-Reduce_Speed.jpg" alt=""] <h2></h2> [p][b]Avoid Sudden Maneuvers[/b][/p] [p]To protect yourself and others on the road, you should drive a bit smoothly. That means you should accelerate slowly, brake easy, and turn with caution. Do nothing that would decrease your truck's traction and cause you to lose control of your vehicle. It is good practice to keep more than a safe distance between you and the other vehicle in front of you so you can react at the right time. [/p] <h2></h2> [p][b]Use Lights [/b][/p] [p]Your truck's headlights, taillights, and fog lights are your dearest friend in harsh weather conditions. Poor lighting is a recipe for disaster, therefore before you set out on the road, inspect your truck's lights. The important thing here is that while you should be able to see the cars in front of you, others should also be able to spot you from behind. [/p] [img src="https://truckerpath.com/uploads/2020/12/TP-BLOG-Winter_Driving_Tips_for_Truckers-Use_Lights.jpg" alt=""] <h2></h2> [p][b]Signal in Advance[/b][/p] [p]Use your signals way before you intend to turn. As a general rule, wait for four to five blinks before gradually turning a corner or changing lanes. If you are driving slower than the traffic, we suggest you switch on your four-way hazard lights to let everyone else know that you are slow allowing them to make adjustments. [/p] <h2></h2> [p][b]Watch the Other Truckers [/b][/p] [p]Veteran truckers are on the road for a reason. They have been trucking for so long that their experience counts for everything. As a beginner, you should learn from them. When big-rigs slow down or pull over, you should too. There is no reason to keep on going if everyone else has decided to call it a day. [/p] [img src="https://truckerpath.com/uploads/2020/12/TP-BLOG-Winter_Driving_Tips_for_Truckers-Watch_Other_Truckers.jpg" alt=""] <h2></h2> [p][b]Check the News and Weather Apps[/b][/p] [p]It is better to be safe than sorry, especially when it comes to trucking. Therefore, before setting out on your journey, watch the news, check some weather apps, or talk to other truckers who have taken the route you are intending to take. Leave the safety of wherever you are only when you are sure that it is safe to drive. [/p] <h2></h2> [p][b]Try for Traction [/b][/p] [p]When it comes to driving on slippery roads, traction is everything. You need good tires, expert driving skills, and some good luck to make it through winter. The only thing you have under your control among the three is tires. Buy snow tires with a deep tread and with several grooves to get good traction[/p] [img src="https://truckerpath.com/uploads/2020/12/TP-BLOG-Winter_Driving_Tips_for_Truckers-Try_for_Traction.jpg" alt=""] <h2></h2> [p][b]Final Thoughts[/b][/p] [p]If it were up to us, we would recommend not driving in winter, but that's for you to decide. Winter driving is dangerous, and no matter what you do, there is always a very high risk of getting into a sticky situation. However, if you do decide to weather through the storm in your truck, then avoid high-risk highways. [/p] [p]You want to avoid the state of Michigan, Pennsylvania, and New York during the winter, and all the highways going around and through these states. Let's not even talk about Alaska, as that is one place that is always a high risk regardless of the season. [/p] [p]With that said, we wish you a safe winter driving season! What are your winter driving tips? Share them in the comments below. [/p] <h2></h2> <h2></h2> [p][b]By Aldous Aldwin[/b][/p]

Dec 29, 2020 • Carriers

President Trump Discusses The Trucking Industry [p]President Trump met with executives from the trucking industry as well as representatives from the American Trucking Association on Thursday at the White House, including ATA President and CEO Chris Spear.[/p] [p]Topics of the discussion included the new health care bill which repeals the Affordable Care Act as well as infrastructure and other important topics facing the trucking industry.[/p] [quote]“Trucking is the backbone of the nation’s economy. We employ 1 in 16 people in the U.S. Driving a truck is the top job in 29 states. Trucking moves 70% of the nation’s freight and 56% of GDP. To grow our economy, we need to take care of the people that move America forward,” said ATA President and CEO Chris Spear.[/quote] [p]<iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2FTruckerPath%2Fvideos%2F1160858214060459%2F&show_text=0&width=560" width="560" height="315" style="border:none;overflow:hidden" scrolling="no" frameborder="0" allowTransparency="true" allowFullScreen="true"></iframe>[/p] [h2]ATA Supports President Trump's Healthcare Plan[/h2] [p]The Affordable Care Act was established by the Obama Administration seven years ago to the day. A vote by the House on a new health care bill was expected today but has since been delayed.[/p] [quote]“The Affordable Care Act is just plain unaffordable,” Spear said. “Replacing this law will help trucking employees, their families and our customers by lowering insurance costs, decrease mandates, liabilities and administrative burdens, and provide access to quality care and patient choice.”[/quote] [img src="https://truckerpath.com/uploads/2017/03/cnn-healthcare-1.jpg" alt=""] [p][b]Provisions that will remain:[/b][/p] [ul] [li]Dependent coverage up to the age of 26[/li] [li]Pre-existing conditions are protected[/li] [li]No lifetime limits[/li] [li]Keeps cap on maximum out-of pocket expenses[/li] [/ul] [p][b]New provisions:[/b][/p] [ul] [li]Eliminates employer mandates[/li] [li]Subsidies include refundable tax credits[/li] [li]Medicaid would be overhauled and more responsibiities would be left to states[/li] [/ul] [h2]Trump ❤ Trucks[/h2] [p]<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">If he promised not to tweet anything crazy today, we told him he could wear his "I ❤Trucks" button. <a href="https://t.co/zTdCxOpatK">pic.twitter.com/zTdCxOpatK</a></p>— Trump Social Intern (@TrumPenceSocial) <a href="https://twitter.com/TrumPenceSocial/status/844999341064511490">March 23, 2017</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>[/p]

Mar 23, 2017 • Community

How to Become a Freight Broker? [h2] How to Become a Freight Broker? [/h2] [p]To become a freight broker you need to understand the <a href="https://truckerpath.com/blog/trucking-industry-trends/">trucking industry trends</a> first. Thousands of products need to be moved across America and companies use every venue possible to ship their freight, but none more than through truck freight. The trucking industry produced $726.4 billion in revenue for 2015 and freight tonnage has increased since. Freight is hauled by truck drivers but moved by freight brokers. Here's how you can become a freight broker and enjoy a piece of the lucrative pie. [/p] [h2]1. Register your Freight Broker Company [/h2] [p] There are a couple routes you can choose to become a freight broker. The easiest way to start is to get hired by an established freight broker company. There you will fall under their insurance and use their capital as well as being provided training about the trucking industry. If you've already done this and have the necessary capital, this is where you would be registering your business with the local licensing department. Once you register your LLC you will receive your Tax ID Number [a href="https://irs-tax-id.com/?utm_source=bing&utm_medihttps://irs-tax-id.com/?utm_source=bing&utm_medium=cpc&utm_campaign=irs%20tax%20id%2Fein&utm_term=irs.gov%20tax%20id%20number&utm_content=irsum=cpc&utm_campaign=irs%20tax%20id%2Fein&utm_term=irs.gov%20tax%20id%20number&utm_content=irs"]from the IRS[/a]. [/p] [h2]2. Have a Plan For Your Freight Broker Company [/h2] [p] The most important part of becoming a freight broker is to have a clear vision and plan, especially if you need to generate funding from lenders. Know your target, stick to your strengths, and don’t be afraid to grow. [/p] [p] Understand your region and what types of loads move through, who's your ideal customer base? What type of services will you offer? How will you market your freight brokerage? [/p] [giphy]<iframe src="https://giphy.com/embed/Sg21YDdh3Onqo" width="480" height="288" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [h2]3. Build a Carrier Base [/h2] [p]Life as a freight broker is all about who you know. Networking and connecting with motor carriers is the only way you will succeed in moving freight. You need to start building a list of trucking companies with capacity and willingness to work with you. [/p] [p]This is when networking meets relationship building. Establishing trust and showing that your work efficiently and provide good service can be the difference when finding carriers. The best way to find carriers is by using load boards from trusted companies like Trucker Path Truckloads. Load boards allow you to post your freight for carriers to view and then contact you if they're interested in hauling them. This way you can move more loads quickly and from anywhere. [/p] [p] Don't forget, freight brokers also need to connect with shippers who need freight moved. Here's a closer look at <a href="https://truckerpath.com/blog/how-do-freight-brokers-find-shippers/">how freight brokers find shippers</a>. [/p] [h2]4. Freight Broker Authority [/h2] [p]You’re well on your way to becoming a freight broker now that you have a registered business and a carrier group to connect with, but there are still a few more requirements. You must apply for a US DOT number with your local Department of Transportation branch. Once you are approved, take your DOT Number to the Federal Motor Carrier Safety Administration (FMCSA) to get a Motor Carrier (MC) number and broker authority. This is approved through the completion of the [a href="https://www.fmcsa.dot.gov/registration/form-op-1-application-motor-property-carrier-and-broker-authority"]OP-1 Form which includes a $300 application fee[/a].[/p] [p] Here are a few more details as to how you can get your <a href="https://truckerpath.com/blog/freight-broker-license/">freight broker license</a>. [/p] [h2]5. Freight Broker Bond [/h2] [p] To show carriers and companies alike you have the financial backing to broker your business you will need at least a $75,000 <a href="https://truckerpath.com/blog/freight-broker-bond/">Freight Broker Bond </a>(BMC-84 or BMC-85). Think of this as insurance for your business. This will cover you in the instance something goes wrong leading to monetary losses of a company. [/p] [p] Let's say the carrier you contracted to haul a load shows up to the receiver with a truckload of spoiled milk because you instructed them to cool the reefer to 74 degrees instead of 47. You were deemed responsible and your client seeks repayment of damages for a load of milk valued at $65,000. Your bond covers that cost similar to the way car insurance companies handle a car accident. [/p] [giphy]<iframe src="https://giphy.com/embed/3o6Zt2iHqqrjNlbPS8" width="480" height="270" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [h2]6. BOC-3 Blanket of Coverage [/h2] [p] One of the last filings you will have to complete in order to become a freight broker is your [a href="https://www.fmcsa.dot.gov/registration/form-boc-3-designation-agents-service-process"]BOC-3[/a]. This is the Blanket of Coverage for your company. Basically, you must file your BOC-3 in each state you will be operating. You will need to select a process agent to file. The process agent is the company who will be handling your legal processes in each state you have operating authority. [button-white href="https://www.fmcsa.dot.gov/registration/process-agents"]List of FMCSA Agents[/button-white] [/p] [h2]7. Freight Broker Essentials [/h2] [p]The tools of the trade for a freight broker are office equipment and supplies to make work easier and more organized. You'll need the basics like a computer with internet, printer, scanner, and fax machine. But you'll also need a phone with several lines and a quality headset to communicate with drivers and clients. [giphy]<iframe src="https://giphy.com/embed/VmNVXIMH3bCsE" width="480" height="353" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [/p] [p] Don't forget<a href="https://truckerpath.com/blog/freight-broker-software/"> broker software</a> as you'll want software that allows you to keep track of your loads, customers, carrier locations, and truck status (some load boards will do all of this for you). DR Dispatch and ITS Dispatch are a few of the programs that can be beneficial. [/p] [p] Look for broker software offering GPS tracking based on logged location updates, bill of lading/invoice generators, pickup and delivery location (shed) logs, note taking/documentation, and most importantly rate confirmation generation. These are the essential functions needed to manage your loads from pick up to delivery. [/p] [h2]8. Freight Brokerage Financials [/h2] [p]In order to continue your carrier relations, you need to get backing from a bank. As a freight broker, you will be paying the carrier after they deliver the load. Pay terms for carriers range from 1-28 days (sometimes more). Whereas you will be extending the customer a line of credit or they will pay up front for the services. [/p] [p] You make your money off of the margin known as the "spread". For example: [ul] [li]Company X pays you $3,000 to find a motor carrier[/li] [li]You pay Carrier Y $2,500 to haul the load[/li] [li]You earn $500 for brokering the arrangement. Of course, this isn't all profit as overhead costs will apply, but you get a general idea.[/li] [/ul] [h2]9. Marketing Your Freight Company [/h2] Lastly, in order to succeed as a freight broker, you have to make a name for yourself by building awareness surrounding your freight company. Reliable service that is transparent and convenient is key to building a reputation with carriers. Word of mouth is critical for growing your freight business locally but you have to put yourself out there and raise awareness just like any other startup if you want to be a successful freight broker. [/p] [button-green href="https://truckerpath.com/truckloads/broker-load-board/?utm_source=blog&utm_medium=becomeafreightbroker&utm_campaign=july12"]Get Started With Truckloads[/button-green]

Jul 12, 2017 • Brokers