Futures markets, also known as exchanges, are common in American industry. The New York Mercantile Exchange, the Chicago Board of Trade, the Chicago Mercantile Exchange, the Chicago Board of Options Exchange, the Chicago Climate Futures Exchange, the Kansas City Board of Trade, and the Minneapolis Grain Exchange are where contracts in their respective industries are…
It was inevitable. Someone would develop an app that allows truckers to rate retailers that hire them and the warehouses where they deliver. That someone is Uber Freight, the trucking division of the popular ride-sharing app. Launched in late 2016, Uber Freight matches shippers and truckers through an online marketplace. Typically, truckers must work through freight…
In September of 2018, the Federal Motor Carrier Safety Administration (FMCSA) officially changed its approach towards commercial vehicle operators with insulin-treated diabetes mellitus (ITDM). The final rule went into effect on November 19, 2018. The final rule replaces the former Diabetes Exemption Program with a new Medical Examiner’s Certificate (MEC). Under this new system, a…
Uber Freight is going through some new transformations with its latest affiliate: Powerloop. Moving beyond matching carriers to shippers, Powerloop is a reimagining of the trailer pool model. Sarah Abboud, who is the senior comms officer for Uber Freight, gave an overview of the trailer pool system: “Trailer pools are groups of pre-loaded trailers that…
Though an industry-wide driver shortage gets all the ink, trucking’s biggest problem is inefficiency, according to Convoy CEO Dan Lewis. Lewis says trucks are running across the country empty 30 to 40 percent of the time, and he hopes his digital freight matching company can be part of a solution. “We think the next big…
U.S. Transportation Secretary Elaine Chao says the truck driver shortage in the United States is a real and growing problem for the country. Chao said the administration is working on pilot programs to potentially solve the problem, including a lower minimum age for drivers and more military transition drivers. An Indianapolis startup, DriverReach, is not waiting…
Historically, technological advances developed for military purposes find their way into the civilian sector in an organic fashion, taking years for the transfer. Now, the military and the trucking industry are comparing notes and building on current research in both camps. In September, the Army’s Tank Automotive Research Development and Engineering Center (TARDEC), hosted a…
A preliminary plan to improve Interstate 81 between Bristol and Winchester and use truck tolls to pay for it is running into strong opposition. Virginia Secretary of Transportation Shannon Valentine said the agency has not made any final decisions. Current ideas include two different truck toll prices, making it cheaper to drive overnight.“We’re just going…
Traffic congestion that delays trucking traffic now costs the industry $74.5 billion in lost productivity every year, according to a report by the American Transportation Research Institute (ATRI). “Perhaps no other issue has as great an impact on this nation’s supply chain as traffic congestion. In the face of growing and pervasive congestion, not only…
In its annual survey among motor carriers and industry professionals, the American Transportation Research Institute (ATRI) found that an ongoing driver shortage and the number of hours drivers are allowed to drive per day are the top concerns. ATRI is the research arm of the trucking trade group, American Trucking Associations (ATA). “I’ve spent the…
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