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Truck tonnage goes up

Posted by Genie Wood on Wed, Apr 28, 2010 @ 02:16 AM

U.S. truck tonnage in March saw the biggest increase since January 2005, American Trucking Associations reported. Tonnage jumped 7.5 percent from a year ago. The numbers declined a little from January to February, but the index rose 0.4 percent in March.


American Trucking Associations seasonally adjusted the index, and economists predict the recovery of the motor carrier industry. Economists report that both supply and demand are improving.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661.


March trucking employment increases

Posted by Genie Wood on Fri, Apr 23, 2010 @ 04:12 AM

Employment in the trucking industry increased slightly during the month of March with 600 more workers than in February, the U.S. Labor Department reported. As America emerges from the recession, this number could continue to increase if job growth accelerates in the months ahead.


The growth is partly due to higher employment in the manufacturing, construction and retail industries, all of which rely on trucking. Despite the jump in trucking jobs, however, the national unemployment rate remained steady at 9.7 percent.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661.


Volcano interrupts air freight in Europe

Posted by Genie Wood on Mon, Apr 19, 2010 @ 04:27 AM

European cargo has had to shift from planes to trucks and trains after last week's volcano eruption in Iceland. Officials fear that the huge ash cloud hanging over Europe could damage aircraft. The crisis has interrupted global trade in varied goods, causing a huge economic fallout.


The European Union said Sunday that if the skies cleared enough, air traffic could resume to about half its normal level. Some airports began to open to limited traffic on Monday.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661.


March retail sales best in 4 months

Posted by Genie Wood on Fri, Apr 16, 2010 @ 02:18 AM

The month of March saw retail sales go up 1.6 percent, the biggest increase in four months, the Commerce Department reported Wednesday. Economists had predicted that retail sales would go up only 1.2 percent, but excluding automobiles, purchases reached 0.6 percent higher than anticipated.


Nearly all trucking companies rely on retail sales, because those sales involve almost every type of cargo. This gain marks the fifth increase in six months.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661.


U.S., Mexico form group to discuss cross-border transportation

Posted by Genie Wood on Wed, Apr 14, 2010 @ 02:15 AM

The U.S. transportation secretary and the Mexican secretary of communications and transportation  decided to form a working group to discuss current transportation issues regarding cross-border travel. They are now working together to discuss the next steps to ensure that trade across the border is safe, efficient, reliable and sustainable.


Mexican trucks are limited to an area within 25 miles across the American side of the border. However, a pilot program was started during the Bush administration that allows certain Mexican carriers unrestricted access to all American roads.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661 today.


UPS deploys hybrid trucks

Posted by Genie Wood on Fri, Apr 09, 2010 @ 04:39 AM

UPS Inc. has added 200 hybrid electric delivery trucks to fleets in eight U.S. cities, the company announced Tuesday. The 200 new trucks were added to the 20,000 alternative fuel and low-emission vehicles already in the carrier's fleet.


The company hopes to reduce the amount of carbon dioxide released and the amount of fuel consumption compared to conventional diesel trucks. The new trucks look identical to the company's other trucks, officials say.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661 today.


DOT denies Pennsylvania's toll request

Posted by Genie Wood on Wed, Apr 07, 2010 @ 01:26 AM

The U.S. Department of Transportation rejected Pennsylvania's request to make Interstate 80 a toll road because the funding did not comply with federal standards, officials report. According to federal requirements, revenue from a toll road must be used exclusively for maintaining that particular road.


The State of Pennsylvania wanted to use the revenue to fund other state projects, so the application was denied.After that decision, Pennsylvania Gov. Edward Rendell (D) called a special meeting to patch a budget hole of nearly $500 million.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661 today.


Texting might be banned for truck drivers

Posted by Genie Wood on Fri, Apr 02, 2010 @ 04:51 AM

The Department of Transportation proposed a rule Wednesday that drivers of interstate commercial trucks and buses not be allowed to text while driving. The public may comment on the proposed rule within the next 30 days, the Department said.


The Department enacted an interim ban on distracted driving in January, but this proposed rule would make it permanent. Drivers may still operate navigation devices and other in-cab duties, the Department said.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661 today.


Diesel declines, first time in 6 weeks

Posted by Genie Wood on Wed, Mar 31, 2010 @ 01:56 AM

The Department of Energy reported that the national average cost for diesel fell for the first time in six weeks. Diesel had jumped 19.8 cents during that time until the drop, which still leaves the cost 71.8 cents higher than this time last year.


The price of gasoline also fell for the first time in six weeks, dropping 2.1 cents. Oil prices also saw the biggest one-day gain in five weeks.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661 today.


Company unveils fuel-efficient tractor

Posted by Genie Wood on Fri, Mar 26, 2010 @ 01:31 AM

Navistar recently debuted the ProStar Plus, an updated version of the ProStar Class 8 tractor, officials say. This version is lighter and more fuel-efficient than the previous one. The new one is 700 pounds lighter and has an updated aerodynamics system.


The new system also has an advanced exhaust system to comply with new emissions regulations. This, combined with lighter weight and better aerodynamics, makes the new version much more fuel-efficient than the previous model.


If you are in the trucking industry and need to free up your cash flow, contact TBS Truck Factoring, LLC, at 800-207-7661 today.