Experts Discuss Trends and Challenges in Leasing and Rental Operations in the Trucking Industry

Behind the WheelDriver IssuesLeases & LoansMoney Matters
Written By Jennifer Joslyn

Industry experts in leasing and rental companies, OEM dealer organizations, and management solutions providers have discussed various topics related to equipment availability, delays in vehicle deliveries, and the impact of industry and economic factors on leasing and rental equipment. While the availability of new equipment has improved compared to previous years, delays in deliveries and limited availability still persist. The experts anticipate continued challenges in 2023, including extended replacement cycles, increased maintenance costs, and the need for long-term planning.

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House Approves USPS Crash Reporting Rules for Trucking Contractors
House Approves USPS Crash Reporting Rules for Trucking Contractors

House lawmakers have passed the Mail Traffic Deaths Reporting Act of 2024, directing the U.S. Postal Service to create new rules for tracking crashes involving its trucking contractors.

Proposed $5 Million Insurance Hike Could Rock the Trucking Industry
Proposed $5 Million Insurance Hike Could Rock the Trucking Industry

A proposed bill, dubbed the Fair Compensation for Truck Crash Victims Act, could significantly impact the trucking industry by raising the minimum liability insurance from $750,000 to $5 million—a hefty 566% increase.

XPO Logistics Exceeds Expectations in Q1 2024
XPO Logistics Exceeds Expectations in Q1 2024

XPO Logistics started 2024 on a high note, surpassing first-quarter forecasts and demonstrating robust financial performance.

Los Angeles Expands Industrial Storage amidst New Zoning and Emission Rules
Los Angeles Expands Industrial Storage amidst New Zoning and Emission Rules

Los Angeles is reimagining about 3,229 acres near its harbors—connecting communities like San Pedro and Wilmington—to boost transit, pedestrian areas, and clean industrial uses, aiming for a healthier environment.

Supreme Court to Review Trucker's Case Over CBD Mislabeling and Job Loss
Supreme Court to Review Trucker's Case Over CBD Mislabeling and Job Loss

The Supreme Court is set to hear a significant case involving Douglas J. Horn, a commercial truck driver who lost his job after testing positive for drugs.

Landstar Navigates Market Challenges with Optimistic Outlook
Landstar Navigates Market Challenges with Optimistic Outlook

Landstar System, a logistics company, shared a mixed bag of results in their recent earnings call, staying optimistic despite a tough market.

J.B. Hunt's Q1 Earnings: Missed Expectations Amid Challenges
J.B. Hunt's Q1 Earnings: Missed Expectations Amid Challenges

J.B. Hunt Transport Services didn't quite hit the mark this quarter, with earnings per share landing at $1.22, below the expected $1.50.

March Performance Reflects Continued Challenges for Freight Industry
March Performance Reflects Continued Challenges for Freight Industry

In March, the freight sector didn't quite hit the usual spring upswing, with the Cass Freight Index reporting that both shipments and expenditures mostly mirrored February's figures, falling short of typical seasonal patterns.

Tragic Incident at Brenham DPS Office Highlights Security Needs in Licensing Facilities
Tragic Incident at Brenham DPS Office Highlights Security Needs in Licensing Facilities

For those of us in the transportation and logistics industry, the recent tragic incident in Brenham, Texas, where a man drove a stolen 18-wheeler into a Department of Public Safety (DPS) office, serves as a stark reminder of the critical importance of security and mental health support in our field.

Taking a Look at Recent Layoffs in the Freight and Logistics Industry
Taking a Look at Recent Layoffs in the Freight and Logistics Industry

Over the past few weeks, the freight and logistics industry has witnessed significant layoffs across several states including Florida, Georgia, Illinois, Michigan, and Texas.

Debate Over Easing CDL Testing Regulations
Debate Over Easing CDL Testing Regulations

The Federal Motor Carrier Safety Administration (FMCSA) has proposed a rule to simplify the process for obtaining a Commercial Driver’s License (CDL), aiming to address the driver shortage in the trucking industry.

New Era in Trucking As Biden Pushes for Electric Heavy Vehicles
New Era in Trucking As Biden Pushes for Electric Heavy Vehicles

The Biden administration just rolled out a regulation that’s all about boosting the sales of electric or zero-emission heavy vehicles, like school buses and cement mixers.

Postal Service Safety Report Reveals Oversight Gaps in Trucking Contracts
Postal Service Safety Report Reveals Oversight Gaps in Trucking Contracts

A recent safety report by the U.S. Postal Service's Office of Inspector General (OIG) suggests lax oversight of contracted trucking companies, brokers, and drivers may contribute to accidents and fatalities on American highways.

Nikola Corporation Launches First HYLA High-Pressure Modular Refueling Station in SoCal
Nikola Corporation Launches First HYLA High-Pressure Modular Refueling Station in SoCal

Nikola Corporation (Nasdaq: NKLA) recently opened its first HYLA high-pressure modular refueling station in Southern California, marking a significant step in zero-emissions transportation.

California Judge Upholds AB5 in Landmark Decision
California Judge Upholds AB5 in Landmark Decision

In a significant ruling, a federal judge in California rejected a challenge against the state's independent contractor law, AB5, from the trucking industry.

116,000 Peterbilt & Kenworth Semi-Trucks Recalled Due to Gear Shifter Issue
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Approximately 116,000 Peterbilt and Kenworth semi-trucks were recalled due to issues with improperly crimped connectors in the gear shifter. T

Minnesota Trucking Company Engulfed in Flames
Minnesota Trucking Company Engulfed in Flames

A trucking company in Minnesota went up in flames due to a significant fire ignited by a smoking semi truck on Tuesday afternoon.

Truck Driver's ELD Exemption Request Sparks Safety Investment Debate
Truck Driver's ELD Exemption Request Sparks Safety Investment Debate

Federal regulators are mulling over an exemption request from a truck driver, Arbert Ibraimi, who argues that spending money on other safety measures would be more beneficial than investing in Electronic Logging Devices.

Rising Insurance Costs and Market Pressures are Rampant in Trucking
Rising Insurance Costs and Market Pressures are Rampant in Trucking

Rising insurance costs are causing many trucking companies to call it quits, leading to a hyper-competitive market for insurers.

California Freight Forwarder Boateng Logistics Files for Bankruptcy, Leaving Industry Stakeholders Millions in Debt
California Freight Forwarder Boateng Logistics Files for Bankruptcy, Leaving Industry Stakeholders Millions in Debt

A California-based freight forwarder, Boateng Logistics, has filed for bankruptcy liquidation, leaving trucking, logistics, and factoring companies owed millions.

Nikola's Hydrogen Semi Trucks Make Waves in North America
Nikola's Hydrogen Semi Trucks Make Waves in North America

Nikola made waves with its hydrogen fuel cell electric semi trucks hitting North America, and Biagi Bros. Logistics showcased their new Nikolas on social media shortly after.

Flexport Re-Launches The Convoy Platform
Flexport Re-Launches The Convoy Platform

Flexport has launched The Convoy Platform, a technology solution aimed at providing small carriers with access to freight while offering real-time competitive rates, shipment visibility, and on-time performance to shippers and brokers.

Trump-Supporting Truckers Stage NYC Delivery Boycott Amidst Ex-President's Fraud Fine
Trump-Supporting Truckers Stage NYC Delivery Boycott Amidst Ex-President's Fraud Fine

Some Trump-supporting truckers are boycotting deliveries to New York City following the former president's $355 million fraud fine.

FMCSA's Call for Truck Lease Agreements is Combating Predatory Practices for Driver Safety
FMCSA's Call for Truck Lease Agreements is Combating Predatory Practices for Driver Safety

The Federal Motor Carrier Safety Administration (FMCSA) is requesting lease agreements from truck drivers, especially if they suspect predatory or fraudulent terms.

Knight-Swift Acquires Terminal Assets from Yellow and Venturing into LTL Sector
Knight-Swift Acquires Terminal Assets from Yellow and Venturing into LTL Sector

Companies have invested nearly $2 billion to acquire terminal assets from Yellow, comprising 128 properties and 25 leases.

Trucking Owner Pleads Guilty to Scheme Targeting Amazon and Bath & Body Works Shipments
Trucking Owner Pleads Guilty to Scheme Targeting Amazon and Bath & Body Works Shipments

An Ohio trucking company owner confessed to wire fraud in a federal court for participating in a scam that cheated shippers, including Amazon and Bath & Body Works.

Is Hydrogen a Contender for Clean Fuel Dominance or a Niche Player in the Automotive Industry?
Is Hydrogen a Contender for Clean Fuel Dominance or a Niche Player in the Automotive Industry?

Hydrogen - the lightest element - is being touted as a promising clean fuel for the future, particularly in the automotive industry.

Yellow Trucking Repays Contentious $700M Covid Loan Amidst Bankruptcy Fallout
Yellow Trucking Repays Contentious $700M Covid Loan Amidst Bankruptcy Fallout

Bankrupt trucking giant Yellow has announced it has fully paid back a contentious $700 million Covid loan from the U.S. Treasury Department, along with over $151 million in interest.

Salt Lake Trucking Group Convicted of Massive Fraud Scheme Involving FedEx
Salt Lake Trucking Group Convicted of Massive Fraud Scheme Involving FedEx

Salt Lake Trucking Group (SLTG) was found guilty of fraud charges following reports by Gephardt Daily that the company received $108 million from FedEx through deceptive practices over the past ten years.

FMCSA Initiates Study to Protect Women and Minority Truckers from Harassment
FMCSA Initiates Study to Protect Women and Minority Truckers from Harassment

Federal regulators are moving forward with plans to create rules safeguarding women and minority truckers from sexual harassment and assault.

Jennifer Joslyn
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