February’s coronavirus shutdown in Wuhan, China hit American food exports hard. Shippers transport perishable food in refrigerated containers called “reefers.” When unloaded, they must connect to electric power via “reefer plugs.” Reefer plugs at China ports filled up after the Wuhan outbreak. Now, it’s happening again. Reefer-plug capacity maxed out in February because China severely […]
United Airlines (NASDAQ: UAL) achieved 36.3% growth in cargo revenue in the second quarter after transitioning idle aircraft to cargo-only flights, but the glimmer of good news was overshadowed by a $1.6 billion net loss. It was the worst quarter in United’s 94-year history. Revenues fell 87% year-over-year as travel demand evaporated because of travel […]
You’d be hard-pressed to find a trucker who doesn’t think bloated insurance rates are an issue. With the rise of “nuclear verdicts” against trucking fleets, the ever-present danger of distracted driving, and legislative pressure to further regulate the industry, it’s no wonder insurance premiums are stuck in the clouds. For the most part, motor carriers […]
Two recently released indices show that June continued the trucking market’s climb from its low levels of April. The ACT For-Hire Trucking Index in June climbed to 70.4, up from 50.2 in May. in April, it was 19.3. Although the June number was more than three times that of April, that does not mean that […]
Love’s Travel Stops announced Tuesday that it is joining a growing list of retailers that are requiring customers to wear face coverings in an attempt to curb the spread of COVID-19. The new face-covering policy starts on July 29 and will be required at all Love’s Travel Stops, Love’s Country Store, Love’s Truck Care and […]
Virginia recently became the first state to impose enforceable COVID-19 safety requirements in the workplace — not just guidelines — which has the trucking industry scrambling to figure out how the new law will affect drivers and operations. The final rule, made public July 17 by the Virginia Department of Labor and Industry (DOLI), applies […]
The new United States-Mexico-Canada Agreement (USMCA) is already proving that keeping trade flowing through North America benefits all three nations, according to Ruth Hughs, Texas secretary of state. “[Texas] would not be the economic powerhouse that we currently are without our trading partners in Mexico and in Canada,” Hughes said during a panel discussion, “USMCA […]
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