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

New Year, New Trucks 2021 [p]The trucking industry has had to deal with several challenges in the past few years, with more yet to come. The ever-changing world has ushered in a new era urging the industry to change with it. We have arrived at a point in time, where the environment is better cared for, and driver safety is held supreme. As a result, traditional semi-truck manufacturers have had to adapt and conform to modern safety and emission standards. The new threat from all-electric trucks is another drive for old truck manufacturers to change their ways or risk losing to the competition. We are nearing the era of sustainable, greener trucks that are environmentally friendly and easy to drive. [/p] [p]So what do we have in store for 2021? Let's take a look at the much-awaited upcoming trucks from the industry-leading marques. [/p] <h2></h2> [p][b]Kenworth [/b][/p] [p]Kenworth is one of the oldest truck manufacturers in America with a rich history. They have plenty to offer when it comes to heavy-duty class 7 and class 8 trucks. The Kenworth T680, the Kenworth W990, and the Kenworth T880 are three notable mentions that deserve a place on our list. The three trucks are due to come out in 2021 with a fresh approach towards safety, efficiency, and performance. [/p] [img src="https://truckerpath.com/uploads/2021/01/202101-BLOG-New-Year-New-Trucks-2021-Kenworth.jpg" alt=""] [p]The giant machines are safer than ever, with a host of driver-assist features to make driving hassle-free. The W990 and the T880 can sport the Wabco OnGuardACTIVE safety system that enhances your abilities as a driver. [/p] [p]What’s more, the new T680 gets Level 2 autonomy with Bendix Wingman Fusion, which is a step into the future for the traditional marque. Kenworth has also partnered with the Meritor for the T680e, an electric version of the sturdy T680 that would work wonderfully on short routes. [/p] <h2></h2> [p][b]Peterbilt [/b][/p] [p]The Peterbilt 579 comes new and improved for 2021 with even better comfort and safety options. The 579 truck has been a popular choice in the past years, and more customers are likely to turn towards the new UltraLoft Sleeper model. The fresh model 579 comes with the Bendix Wingman Fusion system as standard.[/p] [img src="https://truckerpath.com/uploads/2021/01/202101-BLOG-New-Year-New-Trucks-2021-Peterbilt.jpg" alt=""] [p]The 579 truck has top of the line aerodynamics that reduce drag, improve efficiency, and result in overall better performance on the highway. Not to mention the mighty engine that roars under the hood producing inhumane levels of torque. [/p] [p]The Peterbilt 389 is another popular model that makes its way into 2021 with extra features to go with its traditional styling. It comes equipped with Peterbilt’s SmartNav technology and the SmartLINQ diagnostics system that allows over the air updates and lets you diagnose engine issues while sitting in the cabin. The 389 is a step in the future with the same traditional looks. [/p] <h2></h2> [p][b]Mack [/b][/p] [p]Mack trucks have been around for more than a century and they have proven to be the best of the rest. The Mack Anthem is a testament to Mack's unwavering commitment to making up-class trucks. The Anthem comes with a dominant design, a potent engine, and a comfortable interior making it the perfect all-around truck for highway driving. [/p] [img src="https://truckerpath.com/uploads/2021/01/202101-BLOG-New-Year-New-Trucks-2021-Mack.jpg" alt=""] [p]The 2021 machine gets Command Steer that reduces the driver's effort by over 30% allowing you to maneuver with masterful precision anytime every time. However, if you are a bit of an old-timer then the Mack Pinnacle is the truck for you. This traditionally designed big-rig carries on with the design philosophy of an old truck, but it has the safety and technology of a modern one. The Pinnacle has a low center of gravity for better road grip, a forward axle position for heavier payloads, and a sturdy chassis to handle extremely heavy freight. All in all, a great truck for both off-road and on-road applications. [/p] <h2></h2> [p][b]Freightliner [/b][/p] [p]The Freightliner Cascadia takes the limelight in the Freightliner line-up as this new truck comes with a host of modern technological upgrades that old truckers would only dream of in their time. The Daimler Detroit Assurance Suite 5.0 comes equipped in the Cascadia providing Level 2 autonomy and safety. On the other hand, the Detroit powertrain ensures no payload is heavy enough for Cascadia. [/p] [img src="https://truckerpath.com/uploads/2021/01/202101-BLOG-New-Year-New-Trucks-2021-Freightliner.jpg" alt=""] [p]If you are looking to shift to a greener option within the Freightliner line-up, you can consider the eCascadia, an electric version of the brilliant Cascadia. The e-version gets all the tech and safety features and the comfort options found in the Cascadia. The largest difference comes in terms of performance as the eCascadia gets a 475 kWh battery to power the truck for 250 miles. The 0 to 80% charge takes 90 minutes, which is remarkable considering the size of the battery. [/p] <h2></h2> [p][b]Conclusion[/b][/p] [p]When it comes to buying a semi-truck in America there are many options to consider. You can go for the more traditional looking variants or step into modern territory with the futuristic-looking big-rigs. If you go even further, there is the all-electric truck market that hasn't been tapped to its full potential. The Tesla Semi is one truck you can consider as it is planned for a 2021 release. No matter the case, with <a href="https://www.epa.gov/transportation-air-pollution-and-climate-change/carbon-pollution-transportation">emissions reaching alarming levels</a>, it is time for the semi-truck manufacturing industry to move into new territories. [/p] <h2></h2> <h2></h2> [p][b]By Aldous Aldwin[/b][/p]

Jan 15, 2021 • Carriers

Truck Stop Reviews

Oct 17, 2017 • Community

Freight Contracts [p] Freight contracts are necessary for binding agreements between freight brokers and carriers. While they can be confusing, if you remain organized and follow these examples, you will better manage your freight contracts. [h2] Freight Contracts [/h2] [p] There are several different types of freight contracts encompassing the responsibilities and liabilities of both the freight broker as well as the carrier. In this instance, we will be focusing on the details of freight contracts and agreements between the freight broker and carrier.[/p] [p]Since the freight broker is representing the company who wishes to ship a load, freight brokers are required to have contracts and agreements with carriers which ensure that prior to the freight being hauled, there will be a certain rate paid, delivery within a specific time period as well as other verifications of the delivered freight. [/p] [h2] Broker Carrier Agreement [/h2] [p] A freight broker may negotiate a rate with a carrier before agreeing to freight contract terms and signing a Broker Carrier Agreement. Let's say a freight broker posts a load on a load board that needs to be picked up from Dallas and delivered to Kansas City. [/p] [p]The freight broker may offer to pay the carrier $1,000 but the carrier wants to negotiate for a higher rate. Eventually, the two parties agree that $1,300 is a fair rate and they wish to proceed. This is where a Broker Carrier Agreement comes in. [/p] [p] A Broker Carrier Agreement will include things like: [ul] [li] The Broker and Carrier's Information (including MC#) [/li] [li] Agreement Date [/li] [li] Days to Pay [/li] [li] Procedures for Invoicing [/li] [li] Liability and Insurance [/li] [/ul] [/p] [button-white href="https://truckerpath.com/uploads/2017/07/Model-Motor-Carrier-Broker-Agreement.pdf"]Broker Carrier Agreement Template[/button-white] [h2] Load Tender or Load Confirmation [/h2] [p] A load tender or load confirmation highlights the necessary details of the load for the carrier. The load tender form will include information like the address and hours of operation for the shipping location and consignee who will be receiving the load. It will also include the type of trailer used including the length, width, height, and weight as well as a description of the freight. [/p] [h2] Rate Confirmation [/h2] [p] A rate confirmation is an agreement of pay between the freight broker and carrier that is legally binding. A freight broker must provide a rate confirmation for the carrier to sign before proceeding. The rate confirmation portion may be included in the load tender form or included on a separate sheet.[/p] [h2] Accessorial Charges [/h2] [p] Although the parties may agree on a rate confirmation, there are circumstances when a carrier is entitled to additional payments. When a carrier performs specific tasks beyond the scope of the agreed pickup and delivery he or she is entitled to accessorial charges.[/p] [p] Accessorial charges can include things such as detention or wait time, the potential need for additional fuel, tarping, refusal of shipment, storage and other unexpected costs that could arise. [/p] [h2] Bill of Lading[/h2] [p] What is a bill of lading? A bill of lading (BOL) is considered a receipt for the delivery of freight by a carrier to a consignee. The bill of lading will have load details, the destination and time frame to deliver, as well as any special instructions. [/p] [p] The bill of lading is a legally binding document that is provided by the shipper or freight broker prior to the carrier hauling the freight. The carrier must have the bill of lading signed at the time of delivery as proof the freight has been delivered. [/p] [p] For an owner operator to use a freight factoring company and get paid sooner, he or she will need to submit forms like the bill of lading and rate confirmation in order to provide proof of work completed and the rate to be paid for the work. [/p] [h2] Truckloads Broker Load Board [/h2] [p] If you're a freight broker you rely on tools like load boards to find carriers and move freight. Our load board Truckloads has over 800 freight brokers posting loads for over 100,000 qualified carriers to view and includes unique features like freight tracking and truck searches. You can post loads via TMS and see how many times and which carriers have viewed a load. [/p] [video id="o_tsuJHWayo"] [button-green href="https://truckerpath.com/truckloads/broker-load-board/?utm_source=Blog&utm_medium=contracts&utm_campaign=Aug2"]Try Truckloads Free [/button-green]

Aug 02, 2017 • Brokers