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Trucks most utilized mode in NAFTA trade in 2017, carrying 63.3%, BTS reports

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Trucks accounted for $720.8 billion of the $1.1 trillion in freight with Canada and Mexico, BTS reported. (The Trucker file photo)

All five of the U.S. major transportation modes carried more freight by value in trade with NAFTA partners Canada and Mexico in 2017 than in 2016, the Bureau of Transportation Statistics (BTS) reported Friday.

Trucks continued to be the most utilized mode of moving cargo into and out of Canada and Mexico, carrying 63.3 percent of the freight transported.

In fact, trucks accounted for $720.8 billion of the $1.1 trillion in freight with Canada and Mexico, BTS reported.

A 17.3 percent increase in the year-over-year price of crude oil in 2017 played a key role in the annual increases in the dollar value of goods shipped by pipeline, up 31.3 percent, and vessel, up 29.6 percent.

As a result, the share of freight moved by other modes decreased: air by 0.1 percent; rail by 0.2 percent and truck by 2.2 percent.

Trucks carried 60.2 percent of the $614.0 billion of goods imported from Canada and Mexico in 2017 at 18.5 percent; pipeline at 8.4 percent; vessel by 6.4 percent and air, 3.1 percent.

The value of U.S.-Canada freight flows increased by 7.1 percent to $582.4 billion, with trucks carrying 57.7 percent.

And although trucks carried the largest share of U.S.-Canada freight by value in 2017, its share of the total decreased by 2.4 percentage points, BTS noted.

Trucks hauled 50.1 percent of the $300 billion in goods imported from Canada in 2017, followed by rail at 20.6 percent; pipeline at 17.2 percent; vessel at 5.0 percent and air at 3.8 percent.

The top category of freight transported between the U.S. and Canada in 2017 was vehicle parts worth $107.4 billion. BTS said $60.7 billion or 56.7 percent, moved by truck and $43.7 billion or 40.7 percent moved by rail.

In trade with Mexico, the value of goods transported increased 6.1 percent to $557 billion, with trucks carrying 69.1 percent followed by rail at 14.4 percent; vessel, 9.5 percent; air, 3 percent and pipeline .7 percent.

Trucks carried the largest share of U.S.-Mexico freight in 2017 at 69.1 percent, although year-over-year, that was down 1.9 percent from 2016.

Trucks carried 69.9 percent of the $314 billion in goods imported from Mexico in 2017, followed by rail at 16.5 percent; vessel at 7.8 percent; air at 2.4 percent and pipeline at 0.1 percent.

In goods exported to Mexico in 2017, trucks carried 68 percent of the total $243 billion, followed by vessel, 11.6 percent; rail, 11.5 percent; air, 3.8 percent; and pipeline, 1.4 percent.

The top commodity hauled between the U.S. and Mexico last year was vehicles and parts totaling $104.8 billion, with $48.9 billion or 46.7 percent moved by truck and $44.7 billion or 42.7 percent moved by rail.

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4 ex-Pilot Flying J workers get probation in fraud plot

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Headquartered in Knoxville, Pilot Flying J has more than 750 retail locations in 44 states, Roadside assistance available at over 135 locations nationwide and growing as part of its Truck Care program, 44 Goodyear Commercial Tire and Service Centers, and 34 Boss Shops.(Courtesy: PILOT FLYING J)

CHATTANOOGA, Tenn.Β  β€” Four former account representatives from nation’s largest fuel retailer will serve probation for their roles in a plot to cheat trucking companies.

The Knoxville News Sentinel reports ex-Pilot Flying J employees Holly Radford, Lexie Holden, Janet Welch and Ashley Judd were sentenced Wednesday. They admitted to skewing the books to cover up the fraud prosecutors say was committed by their male bosses. Nearly 20 former workers were accused in the $56.5 million scheme.

The judge also ordered Radford, Welch and Judd to do community service. He exempted Holden because she works full-time and runs a business.

Prosecutors say the company lured trucking companies with discounts on fuel, then shortchanged them.

The Knoxville-based company is controlled by the family of Cleveland Browns owner Jimmy Haslam and former Tennessee Gov. Bill Haslam.

Jimmy Haslam has long contended he knew nothing about the fraud scheme. Gov. Bill Haslam said he was not active in company affairs.

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ACT Research For-Hire Trucking Index: volumes up, but supply-demand balance loosens

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The January fleet purchase intentions reading indicated an uptick in equipment demand, with 53.7 percent of respondents planning to buy trucks in the next three months, up from 52.3 percent, seasonally adjusted, in December. (The Trucker file photo)

COLUMBUS, Ind. β€” The latest release of ACT’s For-Hire Trucking Index showed an improvement in freight volumes and truck productivity in January, after a soft finish to 2018. The Volume Index rose to 52.0 in January from 49.0 in December.

β€œThe recovery in the Volume Index was offset by an increase in the Capacity Index in January, keeping the balance signal to the loose side,” said Tim Denoyer, ACT Research’s vice president and senior analyst. β€œThe past three readings have shown the loosest industry supply-demand balance in almost three years, since April 2016.”

The Driver Index was in negative territory, below the neutral 50 mark, at 47.2 in January 2019. β€œBased on fleet feedback, we added a question about the driver market in January 2018, and after a year, we are now able to start reporting on this metric,” Denoyer said. β€œThe January 2019 reading, as well as the December 2018 reading of 47.0 were up significantly from the 38.6 recorded in January of 2018. The index has been below the neutral 50 level since we started asking the question last year. However, the rise in the index over the past year signals modest easing of ongoing driver constraints.”

The January fleet purchase intentions reading indicated an uptick in equipment demand, with 53.7 percent of respondents planning to buy trucks in the next three months, up from 52.3 percent, seasonally adjusted, in December.

β€œAfter record orders last year, this series should remain elevated as long lead-time truck orders are built and hit the highways,” Denover said. β€œOver the past 12 months, the Buying Index has averaged a strong 57.6% reading.”

ACT is a publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.

For more information, visits www.actresearch.net.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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dexFreight initiates early adopters program

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By joining the Early Adopters Program, companies will have exclusive access to early release versions of the dexFreight platform. (Courtesy: DEXFREIGHT)

SUNRISE, Fla. β€” dexFreight, providers of a decentralized, blockchain-based logistics platform, has launched the dexFreight Early Adopters Program for U.S. shippers, carriers, brokers, and forwarders.

β€œThe dexFreight platform built on blockchain technology allows supply chain stakeholders to transact and collaborate more efficiently, transparently and securely,” said Rajat Rajbhandari, CEO and co-founder of dexFreight. β€œThrough our Early Adopters Program, we will be using the real-world expertise of logistics stakeholders to evaluate new and advanced features of our platform that will be launched in the near future. We don’t want to develop in a vacuum, and we believe the dialogue with and feedback from early adopters is vital in creating a platform that helps the entire logistics community.”

The dexFreight Early Adopters Program is open to U.S.-based companies. By joining the Early Adopters Program, companies will have exclusive access to early release versions of the dexFreight platform. As members of the Early Adopters community, they will have the opportunity to interact with dexFreight’s development and product teams.

Early Adopters Program participants will have free access to the platform’s basic features for three months and to advanced features at no charge when they first become available, and then at a discounted rate, Rajbhandari said. They will receive early notifications about new features before they are offered to all platform users.

Basic features of the dexFreight platform include TMS/FMS integration, load and capacity matching, safety data, rate negotiation, accessorial selection, P&D scheduling, shipment tracking, navigation and communication, and payments built on blockchain technology from the ground up.

Plans for the platform include escrow services, tokenized invoices, rate forecasting, on demand warehouse, load chaining, fleet optimization, bid preparation and risk prediction features, as well as third party apps.

In October 2018, dexFreight completed its first blockchain-based shipment using smart contracts. The platform, an ecosystem of open source protocols, blockchain and machine learning technologies, allowed the shipper and carrier to directly connect, negotiate rates, and schedule pickup and delivery.

For more information, visit www.dexfreight.io.

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