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Category: General Update

Fuel Trend Report Reveals Geopolitical Factors Causing Price Volatility

Fuel Trend Report Reveals Geopolitical Factors Causing Price Volatility

| January 14, 2019

Motus a leading vehicle management and reimbursement platform, released its annual Fuel Trend Report, which reveals key data related to current fuel prices and industry changes that will affect prices over the next year.  The 2019 Fuel Trend Report identified that the state of crude oil – and geopolitical factors impacting supply and demand of crude oil – […]

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GEICO Raises Insurance Rates, Cites Multiple Factors

GEICO Raises Insurance Rates, Cites Multiple Factors

| January 14, 2019

Insurance giant GEICO, famous for clever advertising that suggests “15 minutes could save you 15%” is raising its insurance rates, per a press announcement issued on Saturday, January 12th.  GEICO is apparently working overtime, and weekends, to stress what it calls “not-so-obvious factors” that have contributed to the rate hikes. The company notes that “driving […]

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Small Trucker Group Takes Action Against Indiana Tolls

Small Trucker Group Takes Action Against Indiana Tolls

| January 12, 2019

The Owner-Operator Independent Drivers Association filed a lawsuit against the Indiana Finance Authority, the Indiana Toll Road Concession Company, the Commissioner of the Indiana Department of Transportation and Governor Eric Holcomb. The class action complaint, filed in Federal District Court in Indianapolis, challenges the 35 percent increase in tolls imposed on drivers of heavy vehicles […]

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Spot Rates Rise, But Gains Look Temporary

Spot Rates Rise, But Gains Look Temporary

| January 12, 2019

The number of spot truckload freight posts jumped 18% during the week ending Jan. 5, outpacing the 11% gain in the number of truck posts, said DAT Solutions. Tighter capacity led to a 3-cent increase in the national average spot rates for dry van, reefer, and flatbed freight. The trend may be brief, however, as […]

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ACT Research Sees Warning Signs Flashing for US Economy & NA CV Industry

ACT Research Sees Warning Signs Flashing for US Economy & NA CV Industry

| January 12, 2019

According to ACT Research’s (ACT) latest release of the North American Commercial Vehicle OUTLOOK, yellow lights are flashing for the US economy, and by extension for the North American commercial vehicle industry. “Over the course of Q4’18, the list of indicators flashing yellow became longer and brighter for the US economy,” said Kenny Vieth, ACT’s […]

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Commercial Driver Skills Testing Delays Cost US $1.5 Billion per Year

Commercial Driver Skills Testing Delays Cost US $1.5 Billion per Year

| January 12, 2019

The Commercial Vehicle Training Association (CVTA) has released new research showing that commercial driver skills testing delays are responsible for $1.5 billion in annual economic losses for the US economy and more than 6.4 million days of delays for new commercial drivers, leading to significant lost wages for American workers. Commercial vehicle drivers are in high demand by the […]

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