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ES releases agenda for Success in Trucking Expo

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FedEx Custom Critical, Forward Air and Panther Premium Logistics, a service of ArcBest, are the exclusive motor carriers at the June 7-8 event to be held at the Indianapolis Motor Speedway complex. Pro Football Hall of Famer Anthony Muñoz will serve as the keynote speaker for the event. (Courtesy: ES)

MEMPHIS, Tenn. — ES, which offers capacity solutions and ownership opportunities within the trucking industry, has released programming details for the company’s inaugural Success In Trucking Expo (SITE), which will take place June 7-8 at the Indianapolis Motor Speedway complex.

The two-day agenda for the SITE has been designed specifically for professional drivers, owner-operators and fleet owners who have a desire to explore ownership opportunities or grow current operations, according to ES CEO Paul Williams.

Ellen Voie, the President & CEO of the Women In Trucking Association, is among an list of industry experts who have committed to participate in the SITE for 2019. Voie will be a part of an industry panel discussion that will bring together trucking experts, contract professional drivers, truck owners and fleet owners who are part of the ES Community. Among those joining Voie on the panel will be Brian McCoy, president of Stoops Freightliner, and Leah Shaver, the chief operating officer of the National Transportation Institute. The panel also will feature Chris Moran, Freightliner district sales manager, from Daimler Trucks of North America and Colton Lawrence, CEO of EQUINOX Owner-Operator Solutions.

Anthony Muñoz, a member of the Pro Football Hall of Fame and an entrepreneur with a long record of success for making a positive impact within Cincinnati and the surrounding communities, will highlight the opening session for the SITE, serving as the keynote speaker on the evening of June 7. The panel discussions and the presentations by the carriers participating in the SITE will take place the following day.

The ES Community motor carriers participating in the SITE will be FedEx Custom Critical, Forward Air and Panther Premium Logistics, a service of ArcBest. These three companies will be the exclusive motor carriers at the SITE, and each company will have a representative who will be making a presentation during the expo. Mike Abood, FedEx Custom Critical’s managing director of fleet operations, Nick Burch, Panther’s director of owner-operator recruiting, and Ryan Gilliam, Forward Air’s vice president of recruiting, have been chosen by their respective carriers as speakers for the 2019 SITE.

The attendees also will hear a presentation from Paul Williams and ES President Jason Williams, which will take place prior to the event’s final ride-and-drive session, which will be hosted by 2019 SITE Title Sponsor Stoops Freightliner.

“Over the past several months, we have been working very diligently to develop an event and programming for the Success In Trucking Expo that will be meaningful and have a positive impact for professional drivers interested in ownership as well as current owner-operators and fleet owners who are looking to grow their businesses,” said Jason Williams. “With the group of experts who will be coming to our SITE stage at the Indianapolis Motor Speedway complex, we are confident that everyone joining us for the inaugural edition of the SITE will take away the kind of knowledge and perspective that they will find helpful as they move forward in their trucking careers.”

In addition to participating in the industry panel discussion, Voie will be hosting the June 8 edition of her Women In Trucking Radio Show live and on location from the SITE. The WIT Radio Show is broadcast live every Saturday on SiriusXM’s Road Dog Trucking Radio channel from 11 a.m. to 1 p.m. Eastern time.

One of the unique features about the SITE is that ES is offering free hotel accommodations and free meals for pre-qualified expo registrants. A limited number of those slots are currently available for the event, and attendees receiving them will be chosen from the registration submissions ES receives. To learn more about registration for the SITE and the programming planned for the event, visit SuccessInTruckingExpo.com.

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ATA For-Hire Truck Tonnage Index surges 7.4% in April

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Compared with April 2018, the SA index increased 7.7%, the largest year-over-year gain since July. (The Trucker file photo)

ARLINGTON, Va. — American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index surged 7.4% in April after decreasing 2% in March. In April, the index equaled 121.8 (2015=100) compared with 113.4 in March.

“The surge in truck tonnage in April is obviously good for trucking, but it is important to examine it in the context of the broader economy,” said ATA Chief Economist Bob Costello. “February and March were particularly weak months, as evidenced by the 3.5% dip in tonnage due to weather and other factors, so some of the gain was a catch-up effect. In addition, the Easter holiday was later than usual, likely pushing freight that would ordinarily be moved in March into April.

“I do not think the fundamentals underlying truck tonnage are as strong as April’s figure would indicate, but this may signal that any fears of a looming freight recession may have been overblown,” he said.

March’s reading was revised up compared with our April press release.

Compared with April 2018, the SA index increased 7.7%, the largest year-over-year gain since July.

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 117.7 in April, 1% above March level (116.6). In calculating the index, 100 represents 2015.

Trucking serves as a barometer of the U.S. economy, representing 70.2% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled 10.77 billion tons of freight in 2017. Motor carriers collected $700.1 billion, or 79.3% of total revenue earned by all transport modes.

ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the 5th day of each month. The report includes month-to-month and year-over-year results, relevant economic comparisons, and key financial indicators.

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ACT says trailer order volume soft in second straight month

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This chart compares trailer order volume for three years. (Courtesy: ACT RESEARCH)

COLUMBUS, Ind. — ACT Research’s preliminary estimate for April 2019 net trailer orders is 14,500 units.

Final volume will be available later this month. ACT’s methodology allows the company to generate a preliminary estimate of the market that should be within +/- 3% of the final order tally.

“Order volume was soft in April for the second straight month. Several factors appear to be in play. OEMs continue to be reticent to fully open 2020 orderboards. This is evident in our measurement of the extent of the industry’s backlog, which has remained in the November or December timeframe throughout the first four months of 2019,” said Frank Maly, ACT’s director of CV transportation analysis and research. “While we hear comments of some fleets anxiously awaiting the chance to snap up 2020 build slots, some also appear to be evaluating their existing commitments. Cancellations in April were the highest since August 2016 on both a unit and percent of backlog basis, and have remained elevated since December. That resulted in an interesting dichotomy in April orders; while new orders were actually up versus March, cancellations were significant enough to pull the net order number into the red month-over-month.”

Maly said while down slightly from March, production continues at a brisk pace, although material/component availability and staffing continue to challenge OEMs. Seasonal patterns actually called for a slight increase for April production, so that small sequential decline likely confirms the impact of the aforementioned headwinds.

“Additionally, our discussions indicate that red-tagged units continue to challenge OEM production efficiency,” he said.

ACT Research is a publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets.

ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies.

More information can be found at www.actresearch.net.

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Price of diesel inches up three-tenths of a penny

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Overall, the price for the week ending was down 11.4 cents a gallon lower than last year.

WASHINGTON — The average on-highway price of a gallon of diesel increased three-tenths of one cent to $3.163 for the week ending May 20, according to the Energy Information Administration of the Department of Energy.

The increase was precipitated by a 1.1-cent increase in the Rocky Mountain states (Colorado, Utah, Wyoming, Idaho and Montana) and a 1-center increase in the Central Atlantic states (New York, New Jersey, Delaware, Pennsylvania and Maryland).

The largest decrease was five-tenths of a penny in the Lower Atlantic states (Florida, Georgia, South Carolina, North Carolina, Virginia and West Virginia).

Two regions remained the same as last week.

Overall, the price is down 11.4 cents a gallon lower than last year.

For a complete list of prices by region for the past three weeks, click here.

 

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