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☆ Japan plans automated cargo transport system to relieve shortage of drivers and cut emissions
▼ + stars: | 2024-11-03 | by ( ) www.cnbc.com time to read: +4 min

Apart from making up for a shrinking labor force and the need to reduce workloads for drivers, the system also will help cut carbon emissions, she said. The plan in Switzerland involves an underground pathway, while the one being planned in London will be a fully automated system running on low-cost linear motors. Japan's shortage of truck drivers is worsening due to laws that took effect earlier this year that limit the amount of overtime drivers can log. The domestic transport capacity stands at about 4.3 billion metric tons, almost all, or more than 91%, by trucks, according to the Japan Trucking Association. As is true in most places, truck drivers have tough jobs requiring them to be on the road for days at a time, work that most jobseekers find unappealing.

Persons: Stanislav Kogiku, it's, Yuri Endo, Endo Organizations: Getty, Japan, Ministry of Land, Transport, Japan Trucking Association, Trucking Association Locations: Shinjuku , Tokyo, Tokyo, Osaka, Infrastructure, Tourism, Japan, Switzerland, Great Britain, London, U.S, United States

☆ Stocks like American Express may benefit as higher-income consumer remains strong
▼ + stars: | 2024-10-17 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. "This is a time when markets are distorted… the October period before US elections have usually been distorted," Wieting said on Worldwide Exchange. He says Home Depot (HD) and American Express (AXP) are stocks that will benefit from continued spending of higher income earners. "The higher end consumer is where you want to be right now," said Zaman on Worldwide Exchange.

Persons: Patience Steven Wieting, Wieting, Aadil, JB Hunt Organizations: PRO, Worldwide, U.S, Citi Global Wealth Investments, American Express, Wall Street Alliance, Vanguard, Big Tech, US Freight, American Trucking Association, East, CSX Locations: U.S, East Coast

“There isn’t anything that we don’t need right now,” said Tim Love, a volunteer at the center. The destruction of major roads, combined with the natural terrain of the southern Appalachians, have made the rapid distribution of aid an ongoing challenge. The devastation in North Carolina and Tennessee has left two major interstates, Interstate 40 and Interstate 26, largely closed down and inaccessible. According to data from the North Carolina Department of Transportation, the entire western border of the state has limited access. Hundreds of road incidents across the region have made numerous roadways blocked and inaccessible due to the damage.

Persons: Hurricane Helene, ”, Tim Love, “ We’ve, we’ve, Chris Spear, ” Spear Organizations: BRISTOL, —, American Trucking Association, NBC News, North Carolina Department of Transportation Locations: Tenn, Unicoi County , Tennessee, Hurricane, Tennessee, “, North Carolina

☆ Congestion Pricing’s Latest Challenger: New York City Truckers
▼ + stars: | 2024-05-30 | by ( Stefanos Chen | Ana Ley | ) www.nytimes.com time to read: +1 min

With a month left before drivers start being charged to enter Midtown and downtown Manhattan under New York City’s congestion pricing plan, a new group of challengers is joining a crowded field of critics: truckers. “It’s simply the way that trucks are being targeted.” The suit was filed in federal court in Manhattan. The congestion pricing plan, scheduled to start June 30, will charge fees to most vehicles entering Manhattan on or below 60th Street. Passenger vehicles entering the zone will be charged up to $15 once a day, with some exceptions. Commercial trucks will be charged $24 or $36 per entry, depending on the size of the vehicle and the time of day.

Persons: “, Kendra Hems, “ It’s Organizations: Trucking Association of New Locations: Midtown, Manhattan, New York, Trucking Association of New York

☆ Alaska's ice road oil truckers are in a boom, and causing a backlash
▼ + stars: | 2024-03-15 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

With various North Slope oil production projects just ramping up, the years ahead look very promising for trucking in Alaska. Among the new North Slope activities is the ConocoPhillips Willow Project, which the Biden administration approved last year. A Doyon Drilling Inc. oil rig stands on the North Slope in Prudhoe Bay, Alaska, U.S., on Friday, Feb. 17, 2017. Daniel Acker | Bloomberg | Getty ImagesMeanwhile, the Pikka oil project by Australian company Santos is also taking shape on the North Slope, 50 miles west of Deadhorse. Most of the North Slope oil infrastructure (supplies, machinery, parts) is supplied by trucks that have to traverse the 414-mile Dalton Highway (Alaska Route 11).

Persons: Daniel Acker, Jeremy Miller, Carlile, Biden, Willow, Santos, Miller, Matt Jolly, Jolly, Joe Michel, Michel, Dalton, Jomo Stewart, axel, Stewart, Scott Kawasaki, Ashley Carrick, Kawaski, Kawasaki Organizations: Parker, Trans, Trans Alaska Pipeline System, Bloomberg, Getty, Transportation Systems, ConocoPhillips Willow Project, ConocoPhillips, Alaska Department of Natural Resources, Alaska West Express, Alaska Trucking Association, Caelus Energy, Fairbanks Economic Development Corp, Kinross, Food, Getty Images Bloomberg, Getty Images, Fairbanks, Kawasaki, Alaska Department of Transportation, Anchorage Daily News Locations: Prudhoe Bay , Alaska, U.S, Trans Alaska, United States, Alaska, Anchorage, Australian, Deadhorse, Prudhoe Bay, Dalton, Alaska West, North, Wawa, Harrison Bay , Alaska, Fairbanks, Fort Knox Alaska, Kinross, Tetlin , Alaska, Tetlin, Kinross Alaska, Getty Images Alaska

☆ A Trucking Giant Is Bankrupt, and Finger-Pointing Begins
▼ + stars: | 2023-08-07 | by ( Peter Eavis | More About Peter Eavis | ) www.nytimes.com time to read: +1 min

ArcBest, he said, took in $529 per shipment in the first quarter, versus $339 at Yellow. Mr. Jindel said Yellow was a laggard “largely because of mismanagement.”Yellow did not respond on Monday to a request to speak about its management record. One company hoping to pick up business from Yellow is Saia, a less-than-truckload company near Atlanta. The company’s stock has more than doubled this year, and is up 25 percent just since the end of June. The trucking industry plays a critical role in the U.S. economy, transporting nearly three-fourths of all freight tonnage in the United States, according to the American Trucking Associations, a trade group.

Persons: Satish Jindel, Jindel, “, ” Frederick Holzgrefe Organizations: Yellow’s, SJ Consulting, American Trucking Associations Locations: Atlanta, U.S, United States

LONDON, June 23 (Reuters) - Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound proved slower than expected and was offset by continued weakness in North America and Europe. Chartbook: Global container tradeChina’s freight movements have rebounded as the country emerged from lockdowns and the exit wave of the epidemic, though not as fast as anticipated at the start of the year. At Japan’s Narita airport, international air cargo was down 25% in the first five months of 2023 compared with a year ago. The most optimistic interpretation is that freight volumes have stabilised, after declining sharply in the second half of 2022, but there is no sign yet of a recovery outside China. Related columns:- Global freight cycle may have reached lowest point (May 25, 2023)- Global freight shows signs of bottoming out (April 27, 2023)- Global freight slump deepens at the start of 2023 (March 21, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Barbara Lewis Organizations: Global, of, European Union, Ministry of Transport, Traffic, Association of American Railroads, American Trucking Association, Thomson, Reuters Locations: North America, Europe, Netherlands, China, Asia, United States, Japan, United Kingdom, lockdowns, Singapore, East Asia, Los Angeles, Long Beach , Oakland, Houston, Charleston, Savannah, Virginia, Seattle, New York, U.S, Narita, Heathrow

☆ Tesla urges EPA to finalize tougher US heavy-duty emissions cuts
▼ + stars: | 2023-06-21 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Companies Tesla Inc FollowWASHINGTON, June 20 (Reuters) - Tesla (TSLA.O) urged the Biden administration to finalize significantly stricter heavy-duty emissions limits than proposed in April, arguing larger vehicles were being electrified much faster than envisioned and would lead to bigger pollution cuts. EPA should "actively embrace a more rapid transition to (battery electric vehicles)" adding "the time for doing so is now," Tesla said. Tesla cited its Tesla Semi production in making the case for tougher emissions rules, noting it anticipates production levels of a Class 8 Day Cab tractor at 50,000 per year with significant production volumes beginning in late 2024. Tesla submitted its Semi heavy-duty production plans through 2030 to EPA but did not make them public. This means Tesla’s production goal alone would far exceed the 5% EV sales deployment EPA anticipates in 2027," Tesla wrote, noting other companies are planning to build heavy-duty EVs.

Persons: Biden, Tesla, Elon Musk, David Shepardson, Chris Reese, Matthew Lewis, Sonali Paul Organizations: Tesla, WASHINGTON, EPA, Act, Analysts, American Trucking Associations, Thomson Locations: Washington

☆ Largest terminal at Long Beach, California port won't open Monday after getting hit by labor turmoil
▼ + stars: | 2023-06-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +1 min

The largest terminal operator at the Port of Long Beach and Seattle told truckers Sunday it will close for both the day and night shifts on Monday, according to an email obtained by CNBC. Ports and workers are locked in an unofficial dispute over wages, as well as safety, automation and pension benefits. TTI email to trucking clients of terminal closures Monday amidst labor turmoilThe notice was sent by Total Terminals International (TTI), the largest terminal in Long Beach and a unit of MSC. "Port of Long Beach cargo has been moving through the terminals and we do expect the commitment by the parties to continue and encourage the parties to put [a] full faith effort for a final resolution," said Mario Cordero, executive director of the Port of Long Beach. "To put it lightly, gate disruptions make it difficult for our members to plan and deploy truck capacity," said Schrap.

Persons: Mario Cordero, Matt Schrap, Longshoremen Organizations: Port, CNBC, Total Terminals, MSC, Harbor Trucking Association Locations: Port of Long Beach, Seattle, Long Beach, of Long Beach

☆ A downbeat economy has left truck drivers facing a slowdown that could get worse than 2008
▼ + stars: | 2023-05-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The slowing US economy is hitting truck drivers, and the sector could be heading for worse conditions than 2008. Freight demand has deteriorated over the last year, and per-mile rates for drivers have plunged since the pandemic boom in 2021. For example, drivers are commanding per-mile rates as low as $1.49 per mile, per FreightWaves. Those rates hovered at $3.01 two years ago, and are worse than the levels seen in a brutal 2019 slowdown. Meanwhile, the American Trucking Associations' advanced seasonally adjusted for-hire truck tonnage index dropped 5.4% in March, marking the largest monthly drop since April 2020.

☆ It will be 'really tough' for trucking companies to stay in business if things don't pick up by Memorial Day, says an American trucking association
▼ + stars: | 2023-05-05 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Executives at trucking giant JB Hunt recently sounded the alarm about a freight recession. OOIDA, an American trucking association, is echoing the sentiment. Even industry gauges are signaling a slowdown: The American Trucking Association's for-hire contract truck tonnage index dropped by about 6% month-on-month to 95.8 in March, hitting the lowest level since August 2021. Higher inventory levels and overstocked warehouses are one of the key reasons truckers are facing a freight recession. Chappell, however, has a pragmatic outlook on the lingering effects of a freight recession on trucking companies: "Capacity will certainly leave the market, but trucking is cyclical."

☆ New California Rule Would Ban Sale of Diesel Trucks by 2036
▼ + stars: | 2023-04-29 | by ( Neelam Bohra | Coral Davenport | ) www.nytimes.com time to read: +2 min

The rule is the latest in a series of increasingly ambitious moves by California and the federal government to curb planet-warming pollution from vehicles, the nation’s largest source of greenhouse gases. The California Air Resources Board approved the regulation, which by 2045 would fully eliminate the sale of new trucks that emit carbon dioxide across the state. The rule builds in intermediate goals in the coming years for government organizations and private companies to decrease their use of diesel trucks. But the American Trucking Associations, a trade organization for the trucking industry, criticized the ban, saying that it has worked to significantly reduce emissions but needs more flexibility. The state hopes the ban will save money related to health costs caused by pollution, including asthma attacks and respiratory illness.

The rule also require transitioning existing fleets to zero-emission vehicles. Big rigs, local delivery and government fleets must transition to zero emission by 2035, garbage trucks and local buses by 2039, and sleeper cab tractors and specialty vehicles by 2042. American Trucking Associations Chief Executive Chris Spear criticized the decision to force motor carriers to purchase zero-emission vehicles. On Thursday, CARB adopted new locomotive regulations requiring that by 2030 only those less than 23 years old could operate in the state. The Biden administration must still approve waivers for California to implement the new regulations.

☆ A US recession looks more and more unavoidable as key parts of the economy slow to a crawl
▼ + stars: | 2023-04-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

For many months now, I've been having conversations and writing about economic indicators that all point to a recession. The US is in the midst of a "freight recession," meaning there's fewer trucks delivering goods around the country. In a call last week, JB Hunt reported a bad earnings miss, and executives said a recovery for trucking looks uncertain. Outside the trucking sector, the classic recession indicators are blaring, too:The Conference Board's Leading Economic Index just dipped for the 12th consecutive month. The New York Fed's Recession Probabilities Model puts the odds of a downturn at 57%, the highest mark since 1982.

☆ The US economy is slowing down. Just look at the freight recession that's sent diesel prices tumbling.
▼ + stars: | 2023-04-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The US is seeing a "freight recession," meaning fewer trucks delivering goods across the country. The slowdown in deliveries comes as diesel prices have dropped by roughly half since last year. The American Trucking Association's truck tonnage index dropped to the lowest since August 2021. Wholesale diesel prices in New York Harbor tumbled to $2.65 a gallon from $5.34 last May, per the Journal. And in an earnings call last week, JB Hunt executives sounded the alarm on a "freight recession" as the shipping company missed earnings views and reported across-the-board drops in volumes that sent revenue per truckload down by 17%.

☆ Retailers bought so much stuff during the pandemic that it's overburdening warehouses — and it may be causing a 'freight recession,' analyst says
▼ + stars: | 2023-04-26 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Executives at trucking giant JB Hunt recently sounded the alarm about a freight recession. Over-buying during the pandemic is depressing the demand for goods, which is impacting freight and transport. Executives at trucking giant JB Hunt sounded the alarm over a "freight recession" at a first-quarter conference call last week. A freight recession basically means there are fewer trucks delivering goods across America. Notably, the freight recession is not a US-only problem.

☆ Biden could help save cars, bicyclists, and pedestrians from being pulled under trucks in an accident with a simple fix, advocates say
▼ + stars: | 2023-04-04 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

Side guards can also stop people and cars from being crushed by a truck's rear wheels. A man stands on a truck's rear underride guard in Mexico City in 2021. Isaac Guzman/Getty Images'A catch-22'The US government and road safety experts have known for at least 50 years that underride guards save lives. Rear underride guards have been mandatory for most trucks in the US since the 1950s. Cahalan blames the trucking industry for "delaying and fighting against common sense safety reforms," not just with regard to underride guards.

☆ Lawmakers aim to train more truck drivers, ease supply chain issues through bipartisan bill
▼ + stars: | 2023-04-03 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

A semi truck used by students while earning their commercial driver's license (CDL) parked at Truck America Training of Kentucky in Shepherdsville, Kentucky, U.S., on Monday, Oct. 25, 2021. WASHINGTON — A pair of bipartisan lawmakers have reintroduced legislation offering tax credits to U.S. truck drivers in an effort to address a dire pandemic-related shortage. The Strengthening Supply Chains Through Truck Driver Incentives Act aims to combat what lawmakers said was a shortfall of about 80,000 commercial truck drivers in 2021, caused by hiring and retention challenges. The bill would establish a two-year refundable tax credit of up to $7,500 for truck drivers with a valid Class A commercial driver's license who drive at least 1,900 hours in a year. Ten advocacy organizations representing the trucking industry, including the American Trucking Associations and American Loggers Council, have backed the bill.

☆ US approves California plan requiring half of heavy duty trucks be EV by 2035
▼ + stars: | 2023-03-31 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

California Governor Gavin Newsom said as a result of the plan, "half of all heavy duty trucks sold in CA will be electric by 2035." The California Air Resources Board (CARB) had sought waivers from the Clean Air Act to set heavy-duty vehicle and engine emission standards. CARB has noted heavy-duty vehicles greater than 14,000 pounds comprised 3% of vehicles on California roads, but account for more than 50% of nitrogen oxides and fine particle diesel pollution. In December, the EPA finalized new emissions standards to drastically cut smog- and soot-forming emissions from heavy-duty trucks. Transportation is the largest source of U.S. greenhouse gas emissions, making up 29% of emissions, and heavy-duty vehicles are the second-largest contributor, at 23%.

☆ More women become truckers as the industry tries to overcome a shortage of drivers
▼ + stars: | 2023-03-25 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +10 min

She's one of many in the trucking industry leading efforts to bring more women into the fold. Associations like Women In Trucking work to increase the rate of women drivers, technicians and executives, particularly younger women or those switching careers, like Johnson. Now, with the industry facing a daunting driver shortage, initiatives to bring in women drivers from other industries have escalated. The share of women truckers has increased significantly in recent years: Women now make up almost 8% of truck drivers and sales delivery drivers, according to the U.S. Bureau of Labor Statistics. Navigating shortagesThough many women joined the industry during the pandemic, Covid-19 lockdowns stalled training and testing for truck drivers.

☆ Brooklyn Nets owner Clara Wu Tsai on hosting a job fair at Barclays Center to benefit those impacted by the criminal justice system
▼ + stars: | 2023-03-18 | by ( John Lynch | ) www.businessinsider.com time to read: +9 min

Clara Wu Tsai spoke to Insider about hosting a coming job fair with the Reform Alliance at Brooklyn's Barclays Center. Wu Tsai discussed the making of the event and its aim to aid individuals impacted by the criminal justice system. The Reform Brooklyn Job Fair will take place on Monday from 10 a.m. to 4 p.m. More than 4,400 job seekers have registered to attend the job fair, which will take place at the Barclays Center concourse on Monday from 10 a.m. to 4 p.m. Registration for the Brooklyn Job Fair is still open to the public.

☆ I quit my job as a math teacher to become a long-haul truck driver. The job is challenging and I miss my students, but I don't see myself going back anytime soon.
▼ + stars: | 2023-03-04 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +5 min

So, right before I turned 50 years old, I said "that's it, I'm going to take the leap." It's taken a turn and it's taken a turn for the worst for us owner-operators. I'm going to give it a try and see what happens and go from there. That gives me a fix because I love the youth, I love my students, I love that community. I'm not going to say that I don't miss it at times, but I don't see myself going back anytime in the near future.

☆ American truckers' wages have dropped by more than $50,000 since 1980, creating one of the industry's biggest problems
▼ + stars: | 2023-01-23 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +4 min

The deregulation of the trucking industry in the 1980s led to wages being slashed by almost half. A high turnover rate — around 90% for large fleets — is considered a big problem of the industry. The change is tied to the Motor Carrier Act of 1980, which deregulated the trucking industry. Along with depressed wages, truckers face a dangerous job: In the US, one in 6 workers killed on the job is a trucker, according to Levy. That contributes to a high turnover of over 90% for large fleets.

☆ 400 groups urge U.S. lawmakers to take 'immediate steps' to block potential rail strike
▼ + stars: | 2022-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

"The risks to our nation’s economy and communities simply make a national rail strike unacceptable," says the letter to congressional leaders seen by Reuters. "Therefore, absent a voluntary agreement, we call on you to take immediate steps to prevent a national rail strike and the certain economic destruction that would follow." It warned a strike could halt passenger railroad Amtrak and commuter rail services that "would disrupt up to 7 million travelers a day." If they do not, workers could strike or railroads could lock out employees - unless Congress intervenes. But railroads would halt hazardous materials shipments at least four days ahead of a strike deadline.

☆ Biden asks Congress to avert rail strike, warning of dire economic impact
▼ + stars: | 2022-11-28 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 28 (Reuters) - U.S. President Joe Biden on Monday called on Congress to intervene to avert a potential rail strike that could occur as early as Dec. 9, warning of the potential dire economic impact. Biden asked lawmakers to adopt the tentative deal announced in September "without any modifications or delay - to avert a potentially crippling national rail shutdown." "The risks to our nation’s economy and communities simply make a national rail strike unacceptable," says the letter to congressional leaders first reported by Reuters. "Therefore, absent a voluntary agreement, we call on you to take immediate steps to prevent a national rail strike and the certain economic destruction that would follow." If they do not, workers could strike or railroads could lock out employees - unless Congress intervenes.

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