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Expediter Services to launch Success In Trucking Expo in June

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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 available for the event, and attendees receiving them will be chosen from the registration submissions ES receives. (Courtesy: EXPEDITER SERVICES)

MEMPHIS, Tenn. — Expediter Services (ES), a provider of capacity solutions and ownership opportunities within the trucking industry, will present the inaugural Success In Trucking Expo (SITE) June 7-8 at the Indianapolis Motor Speedway Complex.

ES is committed to making the SITE a valuable and impactful annual event for professional drivers seeking opportunities in truck ownership, according to Jason Williams, president.

In addition, the event will also be focused on helping owner-operators and fleet owners upgrade and/or grow, he said, adding that the program format is being modeled after the successful series of ES events held during the past several years that focused on trucking’s expedited sector. While the SITE will touch on topics key to expediting, the new event from ES promises to take a broader look at the industry, placing a greater concentration on developments in general trucking — recognizing the growth the ES Community has experienced during the past three-plus years in the tractor-related service markets, Williams said.

Since it entered the expedited market in 2006, ES has utilized a working model that focuses on removing the barriers that hinder professional drivers from becoming truck owners and operating their own small businesses, Williams noted.

Through ES, qualified participants in the company’s programs have access to competitive, market-rate financing with a credit-evaluation process that puts an emphasis on attitude, aptitude, work ethic and work history, he said, noting that the ES model has proven to be an effective platform for contract drivers, owner-operators and fleet owners.

“As ES has grown to gain a presence in general trucking, we began to look at the possibility of expanding the group gatherings we held beyond the expedited sector. As 2019 approached, we felt the timing was right to launch the Success In Trucking Expo,” Williams said. “In planning this event, we are being very intentional to give the SITE a feel that is different from the traditional truck shows on the industry calendar. The SITE will be a much more personal, hands-on event that will be focused on connecting with professional contract drivers, owner-operators and fleet owners who are either looking to take the next step in their careers and become truck owners, or they are looking to upgrade or expand their current operations. One of the most important features of the SITE will be the opportunity to meet members of the ES Community, including many of the success stories who have taken the steps to launch small businesses in trucking.”

The program format of the SITE, with its speakers, roundtable discussions and chosen topics, has been designed to share industry knowledge and practical experience to benefit the attendees as they look to build, upgrade and expand their businesses, event organizers said.

“The motor carriers and vendors participating in the SITE have been hand-picked by ES because of their desire to help the attendees in reaching their goals within the trucking industry,” Williams said.

In addition to being surrounded by the history of the Indianapolis Motor Speedway, the kickoff of the SITE will draw additional star power from the sports world with Anthony Muñoz serving as the keynote speaker on the opening night. A member of the Pro Football Hall of Fame following his 13-year career with the Cincinnati Bengals, Muñoz is considered to be one of the greatest offensive linemen in the history of the National Football League. A former NFL Man of the Year for his commitment to his community, Muñoz launched the Anthony Muñoz Foundation in 2002. The organization has raised over $10 million in support of children’s programs across Cincinnati and the surrounding region.

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 available for the event, and attendees receiving them will be chosen from the registration submissions ES receives. The registration form and complete information on the event are available at www.SuccessInTruckingExpo.com.

“We sincerely value the time and effort it takes for people who are involved in the trucking industry to come off the road,” Williams said. “We are looking forward to working with everyone who is interested in attending and going through the registration and pre-qualification process with them. We’re counting the days until June 7. Our entire team at ES is committed to building the SITE into the place to be this June.”

To learn more about the Success In Trucking Expo, visit www.SuccessInTruckingExpo.com.

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ACT Research: Freight rates and trucker profits pressured In 2019

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ACT Research’s report indicated that at present the slowdown seems to be more a story of the second-half 2018 order pull-forward and large backlogs, and less about freight cycle and capacity issues. (The Trucker file photo)

COLUMBUS, Ind. — While overall economic conditions are better balanced than they were a month ago, freight data remain soft, according to ACT Research’s latest State of the Industry: Classes 5-8 Report.

“Slower freight growth, an easing of driver supply constraints, the resumption of the long-run freight productivity trend, and strong Class 8 tractor fleet growth will increasingly pressure rates, and by extension, trucker profits in 2019,” said Kenny Vieth, ACT Research’s president and senior analyst. “Regarding Class 8, orders have decelerated sharply over the past several months, with net orders in January reaching 16,089 units, the lowest monthly order intake since October 2016.”

The report indicated that at present the slowdown seems to be more a story of the second-half 2018 order pull-forward and large backlogs, and less about freight cycle and capacity issues.

Regarding the medium duty markets, Vieth said, “January’s Classes 5-7 net orders were a virtual carbon copy of December, at around 23,000 units, and medium duty orders have been a model of consistency the past ten months. However, they are entering a period of tough year-ago comparisons.”

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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Stay Metrics introduces new indicator for trends in early-stage driver turnover

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This chart shows that approximately 60 percent of the more than 3,000 drivers from 89 carriers hired in January 2018 did not make it one year with their carrier. (Courtesy: STAY METRICS)

SOUTH BEND, Ind. — Stay Metrics, the leading provider of driver retention tools, has released a new indicator for trends in early-stage driver turnover.

The new Stay Days Table serves as a “survivor” chart that shows the number of drivers hired by carriers each month and the percentage remaining at specific milestones after their date of hire —30 days, 60 days, 90 days, etc.

This table allows Stay Metrics to follow specific cohorts of drivers and to show how well carriers are retaining them over time, according to Tim Hindes, Stay Metrics co-founder and CEO.

As the table makes clearer than previous models, early driver turnover is a massive, industry-wide problem, Hindes said, noting that approximately 60 percent of the more than 3,000 drivers from 89 carriers hired in January 2018 did not make it one year with their carrier.

Retention trends seem to have remained consistent throughout the year so similar results are expected for each month’s cohort.

Hindes said the statistics come at a time when the driver shortage is of critical concern to motor carriers.

According to the American Transportation Research Institute’s 2018 Top Industries survey, the driver shortage is the No. 1 issue faced by carriers.

Unsurprisingly, driver retention is also high at the No. 3 spot.

Together these concerns are causing significant problems for even the best carriers in the industry.

They work exceptionally hard to find drivers in today’s market. If 60 percent of these drivers leave within one year, the driver shortage is not just an issue; it is a crisis, Hindes said.

“We believe the new Stay Days Table demonstrates the depth and pervasiveness of the early driver turnover problem. Our clients consistently beat industry averages for overall retention and this is their Stay Days Table. It represents some of the best in the industry,” Hindes said. “With drivers leaving so early, the driver shortage cannot be effectively countered. Our current version shows data for 2018 and we plan to update the metric for 2019 and beyond to continue monitoring the industry’s progress.”

The Stay Days Table saw a slight increase in overall retention for drivers hired in September and later. One possible explanation is that these drivers wanted to avoid changing carriers during the holiday season, Hindes said, adding that the data from the next few months will show if these fourth quarter hires match other groups’ retention percentages when they hit later milestones.

 

 

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ATA tonnage index increases 2.3 percent in January

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Compared with January 2018, the SA index increased 5.5 percent. In 2018, the index increased 6.7 percent over 2017, which was the largest annual gain since 1998. (The Trucker file photo)

ARLINGTON, Va. — American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 2.3 percent in January after falling 1 percent in December. In January, the index equaled 117.3 (2015=100), up from 114.7 in December.

ATA recently revised the seasonally adjusted index back five years as part of its annual revision.

“After monthly declines in both November and December, tonnage snapped back in January,” said ATA Chief Economist Bob Costello. “I was very pleased to see this rebound. But we should expect some moderation in tonnage this year as most of the key sectors that generate truck freight tonnage are expected to decelerate.”

Compared with January 2018, the SA index increased 5.5 percent. In 2018, the index increased 6.7 percent over 2017, which was the largest annual gain since 1998.

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 113.1 in January, which was 2.9 percent above the previous month (109.9). In calculating the index, 100 represents 2015.

Trucking serves as a barometer of the U.S. economy, representing 70.2 percent 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 percent 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 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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