As of November 3, 2023, diesel fuel averages $4.45 per gallon, down from $5.17 in September 2022 but higher than the 2019 average of $3.06. Impact on Transportation Costs and Broker Fees High diesel costs are increasing transportation expenses.Motor carriers pass these costs to shippers, resulting in higher freight rates.Average van rate is $2.11 per […]
In this blog, you will get a closer look at Substance Abuse Programs and the various requirements that companies and drivers need to know to stay in compliance. Before jumping in, here are some statistics about the state of substance abuse in the trucking industry. Proposed Changes to Drug & Alcohol Testing Options In recent […]
The latest Short-Term Energy Outlook predicts a decline in retail gasoline and diesel prices in 2023 and 2024 after reaching multiyear highs in the first half of 2022. Regular-grade gasoline prices are expected to average $3.32/gal in 2023 and $3.09/gal in 2024, while on-highway diesel prices are expected to average $4.23/gal in 2023 and $3.70/gal […]
A core aspect of trucking company profitability comes down to tire prices and replacement intervals. The tire industry often gets overlooked as a factor to consider, but for large fleets, statistics can be an important benchmark for predicting operating cost. This article will provide key insights into the current tire trends in the United States, […]
Trucking is an essential part of the national economy. In 2023, the trucking industry is expected to face pressures from declining demand, increased operating costs, regulatory changes, and other factors at play. Here are some things to keep an eye out for to stay on top of unexpected turbulence. Autonomous Trucks are Becoming More Common […]
The blog explains the water hauling market in the Permian Basin and various other factors related to it, such as recent innovations, regulations, economic benefits, and environmental impacts.