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Study Finds Positive Outlook for Trucking Industry

Posted by Genie Wood on Fri, Jul 12, 2013 @ 02:08 PM

According to the most recent study conducted by the American Trucking Association, both short- and long-term trends in the trucking industry continue to point in a positive direction. Truck freight tonnage, according to the study, increased 2.3% from April to May, and was up nearly 7% from the same period in 2012, with heavy loads in particular leading the way in the increased tonnage.

Additionally, these trends appear to be sustainable over the long term, particularly in light of new energy developments in states such as North Dakota, which are requiring substantially more freight activity to help move heavy equipment and other business components. The boosts that this type of activity can provide to the overall economy, furthermore, suggest that all sectors of trucking have the potential to see significant growth, with ATA projecting a more than 20% increase in freight volumes for all modes of trucking.

At TBS Factoring Service, we are dedicated to helping independent trucking operators get the help they need to stay on the road and in business. Contact us today at 800-207-7661 to speak with a member of our customer service staff and learn more about how our freight factoring services may be able to help you.

Tags: trucking trends, American Trucking Association, Trucking Industry

Trucking Industry Sees Modest Improvements

Posted by Genie Wood on Fri, Mar 29, 2013 @ 11:37 AM

The American Trucking Association (ATA) has released its seasonally-adjusted For-Hire Truck Tonnage numbers, and its Index rose more than half a percent in the month of February, the fourth consecutive month which has seen an increase. This bodes well for the continuing health of the industry on the whole, and marks the best four-month stretch since late in 2011.

According to the ATA’s chief economist, this increase in truck tonnage has been more and earlier than expected, and suggests that the impact of economic headwinds anticipated by some analysts will not be nearly as damaging as expected.

At TBS Factoring Service, we are committed to helping trucking professionals with their freight factoring regardless of the prevailing economic conditions. To learn more about what we can do for you, contact our offices today by calling us at 800-207-7661.

Tags: TBS Factoring Service, freight factoring, American Trucking Association, Trucking Industry

American Trucking Association Fights HOS Regulations

Posted by Genie Wood on Fri, Mar 01, 2013 @ 03:22 PM

The American Trucking Association (ATA) is currently in a legal battle with the Federal Motor Carrier Safety Administration (FMCSA) over proposed hours of service regulation changes, currently set to take effect in July of 2013. In the latest development, the FMCSA has refused to delay implementation of the new policies until after a judicial decision is made regarding contested provisions of the new policies.

According to the ATA, this delay would help save the trucking industry as much as $320 million between now and July 1st, savings which would come from the costs of training employees to comply with the new regulations and other transition costs.

Unfortunately, many of these costs will likely be born, at least in part, by independent trucking operators. At TBS Factoring, we understand how much these types of challenges can affect your business. Fortunately, our freight factoring services can help to keep your revenue streams steady and reliable. To learn more about what we can do for you, contact us today at 1-800-207-7661.  

Tags: TBS Factoring Service, hours of service regulations, American Trucking Association, news, Federal Motor Carrier Safety Administration

Truck Tonnage Increases for December

Posted by Genie Wood on Fri, Jan 25, 2013 @ 05:14 PM

December saw one of the greatest increases in seasonally adjusted truck tonnage for the year of 2012, with the American Trucking Association’s For-Hire Truck Tonnage Index rising 2.8%. That was in addition to a gain of 3.9% in November, which in combination with December’s numbers left the overall truck tonnage hauled across our nation’s roadways at a net positive for the year.

Unfortunately, truck tonnage numbers actually decreased year over year, with December’s number being 2.3% below the comparable number for December, 2011. The decline was attributed by the American Trucking Association to the continuing economic uncertainty facing the U.S. economy. Further difficulties are expected for the first quarter of 2013, but as economic conditions continue to improve, the outlook is more hopeful for the latter parts of the year.

At TBS Factoring Service, we understand that economic uncertainty can make cash flow problems particularly pronounced for independent operators. That’s why we are dedicated to providing cash flow solutions through our freight factoring services. Contact our freight factoring experts today to learn more about what we can do for you.

Tags: TBS Factoring Service, 2012 tonnage, freight factoring, American Trucking Association, news