A quick look at any truck stop’s signage this year will reveal some eye-popping numbers; U.S. Energy Information Administration (EIA) figures for March 2022 peg the average cost of gasoline at $4.22/gallon. Diesel fuel comes in almost a full dollar higher at $5.11/gallon. Price pressure has abated since then, but only slightly. According to the […]
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Case Study: Fuel Delivery Services in the Construction Sector All industries have their own unique needs and expectations when it comes to fuel delivery. Luckily, the team at Guttman has experience working with all kinds of companies from various industries, so we can work to create a customized fuel management plan for each client. Recently, […]
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Even in an industry where mergers and acquisitions are commonplace, 2021 was a particularly busy year for large carriers looking to purchase a few of their smaller industry brethren. In April, Canadian carrier TFI International completed its acquisition of UPS Freight before purchasing Missouri-based D&D Sexton in November. On that same day in November, Werner […]
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If you have followed the news, shopped online, or stepped foot into a brick-and-mortar store lately, you may have heard that we are in the midst of a global supply chain crisis. Our international commerce infrastructure has been resilient to discrete challenges in the past, but this time, there are several different issues feeding into […]
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The trucking industry has remained resilient throughout the pandemic, but one of the main issues that is constantly making headlines is the shortage of drivers. On November 5th a $1 trillion infrastructure package that includes reworking roads, bridges and a program that will bring younger drivers into the trucking industry was approved. The Developing Responsible […]
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In the transportation industry having the right insurance for your fleet is a pivotal aspect of running your company but has become increasingly costly in recent years. Rules on insurance are set forth by the Federal Motor Carrier Safety Administration (FMCSA) and require all commercial trucking companies to own liability insurance of $750,000. There are […]
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Faithful readers of our blog may remember April 2021 marking an all-time high for the average price of a used Class 8 truck. Price tags have only pushed higher over the summer, according to ACT Research. The average cost for a used Class 8 truck sold in September 2021 reached $66,258, a 15.4% increase since […]
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The average age right now for majority of truck drivers is 54 years old. That could change with a different strategy to recruit younger truck drivers. Traditionally, trade schools that offer truck driving help people interested to obtain their CDL in order to join the workforce however, now some high schools are offering truck driving […]
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Since March of 2020, truck drivers have been recognized as crucial frontline workers. As we continue to work our way through this on-going global pandemic and an increase in online shopping, truck drivers will still need to get products to their destinations on time. Winter storms can slow this process, affecting road and driving conditions. […]
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Truck freight rates are still high in the United States for flatbeds, vans and reefer freights. Shippers have been paying a premium for several reasons. According to Fleet Owner, “shippers not only experienced escalating spot and contract rates in July but they were also hammered by port congestion, unloading delays, shortages of trucks and drivers, […]
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