Every month, we’ll be sharing some of the top stories in logistics and transportation right here on our blog. Here’s a look at some of the top industry stories making headlines in July.
1. A Bill to Delay the ELD Mandate for Two Years was Filed in the House
Last month, the Supreme Court blocked a lawsuit challenging the Department of Transportation rule requiring operators to use electronic logging devices (ELDs) to track hours of service. In July, a bill was filed in the U.S. House to delay the compliance date by two years, changing the date from December 2017 to December 2019. The ELD Extension act of 2017, if passed, would give carriers two more years to switch from paper logs to ELDs. Read more about the bill, visit here.
2. Trailer Orders Rebounded in June
Trailer orders reached nearly a two-year high last month, according to research firm FTR Transportation Intelligence. Trailer orders hit 18,900 in June, a 12 percent improvement from May, and a 58 percent jump from June 2016’s orders. FTR’s Vice President notes that a hot spot freight market is a driving factor in the rebound. Read more here.
3. Flatbed Volumes and Rates Above Average
Flatbed and van volumes are staying above average for this time of year, according to posts on DAT load boards. Some of the hotter markets for flatbeds were in Baltimore, Maryland and Jacksonville, Florida for mid-July. The biggest declines during the same period were in Fort Worth, Texas, and Roanoke, Virginia. Read more here.
4. ATA Predicts Trucking Industry Will Grow
The trucking industry will continue to grow through 2028, according to The American Trucking Association’s (ATA) latest report. The ATA says the U.S. population will grow and the economy will increase with it, bringing continued gains in demand for freight transportation overall. The ATA projects freight volumes to grow by 2.8 percent this year, followed by 3.4 percent growth each year through 2023, with a slowed rate of 2.3 percent annually through 2028. To read more details of the report, click here.
5. June Unemployment Rate Rises to 4.4 Percent
An estimated 222,000 jobs were added to the U.S. economy in June, according to the Bureau of Labor Statistics. This bumped the unemployment rate to 4.4 percent from 4.3 percent, a 16-year low that was hit in May. The Bureau of Labor Statistics says health care, social assistance, financial activities, and mining all added jobs in June. To read more about June’s unemployment rate, click here.
6. Diesel Prices Continue to Increase
Diesel prices saw their fourth straight week of increases in July, according to the Department of Energy’s Energy Information Administration. The national average this week for diesel is $2.507, up .016 cents from a week ago. Read more about this month’s diesel prices here.
7. Speed Limiter Rule Currently on Hold
The proposal requiring heavy trucks to install speed limiters has come to a standstill for now. In mid-July, the U.S. Department of Transportation moved the speed limiter mandate from the active rulemakings list to a long-term item. If passed, the speed limit on heavy trucks would apply to all newly-manufactured vehicles with a gross weight rating more than 26,000 pounds. Read more here.
8. CVSA’s Safe Driver Enforcement Blitz Set for October
The Commercial Vehicle Safety Alliance’s (CVSA) Operation Safe Driver Week will take place October 15 -21, 2017 throughout North America. During this time, law enforcement agencies will perform heightened traffic safety enforcement and issue warnings and/or citations to commercial motor vehicle (CMV) drivers and passenger-vehicle drivers who are exhibiting unsafe driving practices. Read more about the enforcement here.
Thank you for reading our July News Update!
Looking to Learn?
Check out our Educational Center!
Our Educational Center offers free downloadable guides and case studies, right at your fingertips.Learn More