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.”

How Truck Drivers Benefit from Trucker Path

The Trucker Path app allows truck drivers to save an estimated 11 hours per month! Whether it’s finding a place to park at a truck stop, rest area, see if a weigh station is open or closed, even planning an entire route in advance, Trucker Path is a must have and free to download.

“This app should be called ‘Truckers Guide to Survival’ good work guys. Literally, everything you need at your fingertips.” – Google Play user review.

Their words, not ours.

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TagsTrucking Industry

Truck Parking Issue Can Cost the Industry $5 Billion Annually [p]Finding safe truck parking is a looming issue that can cost the trucking industry an estimated $5.1 billion annually.[/p] [h2]3 Factors to Help Resolve the Truck Parking Issue[/h2] [p][b]1. Increase Capacity in Areas of Need[/b][/p] [p]After examining the data at over 270,000 truck parking spots in 2016, we found that in the Western areas of America, it is nearly impossible for a truck driver to find truck parking nearby within 45 minutes. After surveying over 3,000 truck drivers we discovered that [i]40 percent of truck drivers spend an hour or more searching for nearby truck parking.[/i] That's nearly 10 percent of their allotted daily driving time![/p] [img src="https://truckerpath.com/uploads/2017/05/bottom-infgr-e.png" alt=""] [p][b]2. Increase the Use of Technology to Help Find Truck Parking[/b][/p] [p]Technology can provide truck drivers with necessary information to find nearby truck parking. [a href="https://app.appsflyer.com/com.sixdays.truckerpath?pid=Social Facebook"]Trucker Path[/a] is a necessity for truck drivers who need to find nearby truck parking. There are over 8,000 truck stops, rest areas, and travel centers in the app with real-time updates regarding the available truck parking.[/p] [p][b]3. Improve Trip Planning and Efficiency by Drivers[/b][/p] [p]Most drivers plan ahead by searching for truck parking along their route. However, on average, 16 percent of truck drivers say they start to plan for parking 30 minutes or less before hitting their HOS limit. For truck drivers to find available parking in a timely manner, especially in the Western part of the U.S., they should begin the process at least one hour ahead of hitting their HOS limit.[/p] [p]Fleets can also help their drivers by providing them with necessary recommendations or having technology like Trucker Path loaded onto in-cab devices. While some fleets are proactive, this is not standard as 86 percent of truck drivers say their fleets don't give them recommendations on how to find parking.[/p] [p][b]Using Trucker Path can save drivers an estimated 11 hours per month![/b][/p] [video id="NSSOwFRJaQw"] [h2]Lost Opportunity for Fleets and Truck Drivers[/h2] [p]Time spent searching for truck parking can limit a driver’s earning potential. [i]If over 1.6 million truck drivers in America lose 11 hours every month, then the trucking industry is losing about $5.1 billion annually.[/i] Here is a detailed breakdown of the potential lost opportunity.[/p] [images src="https://truckerpath.com/uploads/2017/05/chartcaption.png" alt="Cost of parking" width="316px" align="left"] [h2]Unauthorized Truck Parking is Unsafe[/h2] [p]Truck driver safety also plays a role in the truck parking issue. In 2015, 852 truck drivers lost their life while working, making it the most dangerous job in the USA. [i]79 percent of drivers were forced to violate their HOS because they couldn't find truck parking.[/i] Meanwhile, drivers have been forced to park in unauthorized locations such as highway shoulders, store lots, and off-ramps. These areas are unsafe for truck drivers, leading to potential cargo theft or accidents when merging off or back onto roads.[/p] [h2]What's Being Done to Help Truck Drivers?[/h2] [p]Truck drivers don't feel enough measures are being implemented to help them. [i]86 percent of truck drivers we surveyed said they feel the government isn't doing enough to help alleviate the truck parking issue.[/i] There are a few states that have taken the initiative in helping provide solutions for truck drivers.[/p] [p]States such as Kentucky and Florida (among others) now utilize weigh stations for truck parking, known as “rest havens”. Meanwhile, Maryland and Delaware have provided corridor parking for trucks along I-95 resulting in 220 available truck parking spots.[/p] [p]Reopening rest areas for trucks to use for parking is another potential opportunity. Many rest areas were closed since 2008 due to state and city budget decreases. Rest areas that are closed like in California, where there are 13 not in operation could provide an average of 10 truck parking spots per location. The operational costs could be limited by providing only basic restrooms and security like surveillance or a rotation of a security officer on duty.[/p] [button-white href="http://assets.truckerpath.com/external/2017-05-04-pdf/parking-shortage-costs-the-trucking-industry-5B-annually.pdf"]Entire Report[/button-white]

May 04, 2017 • Carriers

California Approves Fuel Tax Increase to Fund Road Improvements

Apr 07, 2017 • Community

How to Start a Trucking Company [p]Wondering how to start a trucking company and earn more money? There are several steps and a few guidelines to follow. [/p] [h2] How to Start a Trucking Company[/h2] [p]Deciding to start a trucking company is a great idea and the timing is right. <a href="https://truckerpath.com/blog/trucking-industry-trends/">Trucking industry trends</a> expect freight revenue to grow by 75 percent over the next nine years and with the trucking industry eclipsing over $726.4 billion in revenue for 2015, starting a trucking company now can be extremely lucrative. The trucking industry serves as a pillar in keeping things going and as long as people have demand for products, moving freight will be necessary for years to come.[/p] [p]Don't be intimidated by the larger trucking companies with thousands of truck drivers and investors to provide capital. 90 percent of trucking companies are small fleets of six trucks or less so there's space in the industry for you to learn how to start a trucking company.[/p] [h2] 1. Apply for Trucking Authority - Trucking Company Forms[/h2] [p]Paperwork, documentation, and forms. They're tedious and might seem redundant but are necessary for you to get your trucking company started and earn <a href="https://truckerpath.com/blog/trucking-authority/">trucking authority</a>.[/p] [p]If you haven't already been assigned a US DOT number, you will need to register for a DOT number form before you can apply to obtain trucking authority. Keep in mind the old [a href="https://www.fmcsa.dot.gov/registration/form-mcs-150-and-instructions-motor-carrier-identification-report"]MCS-150 form[/a] is now only for updating existing US DOT number and not for obtaining a US DOT number.[/p] [p]To get a US DOT number you will need to use the new [a href="https://portal.fmcsa.dot.gov/UrsRegistrationWizard/"]Unified Registration System[/a]. The processing time can take 20-25 business days according to the FMCSA.[/p] [p]If you already have a US DOT number and wish to apply for operating authority you can do so by [a href="http://li-public.fmcsa.dot.gov/LIVIEW/PKG_REGISTRATION.prc_option"]completing this registration form[/a] and paying the associated $300 fee.[/p] [h2] 2. Choosing a Process Agent[/h2] [p]You will need to choose a process agent who can represent you in regards to court papers. You will need to have a process agent for each state your trucking company operates in. They are used if there ever is an issue where court papers are to be served to your trucking company in a state other than the state your company is registered in.[/p] [p]The FMCSA has a [a href="https://www.fmcsa.dot.gov/registration/process-agents"]list of process agents to choose from here[/a]. The process agent is responsible for completing [a href="https://www.fmcsa.dot.gov/sites/fmcsa.dot.gov/files/docs/registration/1996/boc-3-1-18-2017.pdf"]Form BOC-3[/a] on behalf of your trucking company.[/p] [h2]3. Truck Insurance[/h2] [p]Once you've established your trucking company you will need to make sure that it's properly insured. Liability insurance is required for trucking companies to cover potential damages or injuries caused by operating a commercial vehicle.[/p] [p]Shop around and get several quotes before making a decision on which insurance provider is best for your trucking company. [a href="https://www.fmcsa.dot.gov/registration/insurance-requirements"]Here is a detailed overview of the FMCSA insurance requirements[/a] to help get you started.[/p] [giphy]<iframe src="https://giphy.com/embed/3o6Zt2iHqqrjNlbPS8" width="480" height="270" frameBorder="0" class="giphy-embed" allowFullScreen></iframe>[/giphy] [h2]4. Buying or Leasing a Truck[/h2] [p]When starting your trucking company you can buy or lease trucks depending on what suits your needs best. If you have the working capital upfront to cover the cost and want to operate a small fleet with a few trucks, buying several trucks at once from a dealer might result in a discounted price per vehicle.[/p] [p]You can also look into leasing trucks which often times keeps the monthly costs down and can even have a lease-to-own option available. However, there are usually restrictions that apply to leasing that vary by dealer. You will want to take the time to search and compare dealer options and offers before choosing.[/p] [p]Lastly, there is also the option to purchase used trucks which can help save you upfront but can be costly down the line. You may find a used truck that is a few years old with over 400,000 miles on it for $40,000 to $50,000 less than a new one.[/p] [p]It might be a great deal but remember, on average, truck repairs cost an estimated $15,000 annually according to the ATRI and with used trucks, that number can be even more. [/p] [h2]5. Choosing the Right Truck and Trailer Equipment [/h2] [p] Choosing the correct equipment to haul <a href="https://truckerpath.com/blog/types-of-truck-freight/">truck freight</a> can have a tremendous impact on your trucking companies earning potential. Although freight rates fluctuate week-to-week, typically flatbed truck loads pay the highest rate on average. [/p] [p] That is not to say that a reefer, van or step deck load won't ever pay a better rate. Rather it's just an overall average to consider before choosing the equipment type for your truck. Keep in mind that location also plays a major factor in determining freight rates. [/p] [p]<strong>Looking ahead</strong>: when you're trucking company is set up, you can find truck freight to haul on free load boards like <strong>Truckloads</strong>. Customize your truck load searches by <a href="https://truckerpath.com/blog/what-is-deadhead/">deadhead</a> location and the trailer equipment type for you. [/p] [video id="snyBYpnuhWw"] [h2] 6. International Registration Plan (IRP)[/h2] [p] By registering your vehicle through the IRP in your home state, you will be allowed to haul interstate loads as well as freight through Canada without having to worry about additional registrations. You will be provided an apportioned license plate and cab-cards now display all jurisdictions that you cover. [/p] [p] The IRP registration fee for your apportioned plate will vary depending on state and vehicle weight, but typically the price ranges from $1,500 - $2,000. [a href="https://www.fhwa.dot.gov/about/webstate.cfm"]Use this list to determine what the cost will be for your state.[/a] [/p] [button-green href="http://vip.truckerpath.com/gold-member?utm_source=email&utm_medium=how-to-start"]Try Trucker Path Premium FREE for 14 Days[/button-green]

Jul 14, 2017 • Carriers