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Trucking industry claims that overall economy has declined

Posted by Genie Wood on Thu, Jun 21, 2012 @ 07:12 AM

For the second month in a row, the truck tonnage index calcuated by the American Trucking Association has declined.



The month of May saw a decline of 0.7 percent in the seasonally-adjusted tonnage index. The index fell even more in April, dropping 1.1 percent.



A representative for ATA stated that this slow decline is a disappointment, and indicates that the overall economy is declining as well. The truck tonnage index usually reflects the status of the American economy.



If you are seeking help in regards to freight factoring, please contact TBS Factoring by calling 800-207-7661 today.

Proposal of the 'black box' divides truckers

Posted by Genie Wood on Wed, Jun 13, 2012 @ 02:47 AM

A transportation spending bill that is currently being discussed in Congress has left truckers divided after a proposal to install 'black boxes' in all trucks became highly scrutinized.



These 'black boxes' are the same devices that can be found on commercial aircrafts, and would be utilized in the trucking industry in order to record the number of hours that the truck drivers were working.



The purpose of these boxes will be to ensure that drivers are not going over the hours-of-service rule mandated by the federal government. Truckers opposed to this installation claim that these boxes will only add additional costs, and proponents of the boxes believe that they will increase the safety of the industry.



Truck factoring is a big concern for drivers in the trucking industry as well. If you have questions regarding freight factoring, please contact TBS Factoring by calling 800-207-7661 today.

According to the BLS, truck drivers have the 8th most dangerous job in America

Posted by Genie Wood on Thu, Jun 07, 2012 @ 06:16 AM


The U.S. Bureau of Labor Statistics recently released a report regarding the most dangerous jobs in America. This report was compiled based on 2010 data concerning workplace deaths.

In 2010, 4,690 people lost their lives while working at their job. Out of those fatalities, 92 percent of them were men, and the main cause of death was related to transportation accidents. The BLS listed the top ten most dangerous jobs based on deaths out of 100,000 workers. Truck drivers were listed as the eighth deadliest profession, with 683 deaths occurring in 2010.

Each year in the trucking industry, 21.8 deaths per 100,000 workers take place. Transportation accidents are easily associated with this profession, because truck drivers are constantly on the roadways driving in hazardous conditions. Being a fisherman was regarded as the most dangerous job in America, with 116 deaths per 100,000 workers.

It is important to understand what freight factoring program is right for you. Please contact TBS Factoring by calling 800-207-7661 to discuss the different options for freight factoring today.

Heroic truck driver dies saving colleague

Posted by Genie Wood on Thu, May 24, 2012 @ 12:45 AM

A truck driver in Canada has lost his life after he chose to protect his colleague from injury. The man, a truck driver in Abbotsford and father of two, was on a median with his co-worker when an SUV swerved off of the roadway and crashed into him.


The man decided to make a valiant effort to save his colleague's life, and he stepped in front of the man as the erratic car approached. He was pronounced dead at the scene of the accident by emergency responders.


Fellow truckers said that the man was always considered to be generous, and that they are labeling him as a hero for what he did. A trust fund has been set up in his name, and is intended to help his widow, and two children.


Paying freight bills can be a hassle when truckers are constantly waiting on brokers and shippers. TBS Factoring can help truckers acquire cash for their invoices immediately. Please contact a representative today by calling 800-207-7661 today.

American Trucking Association believes freight volumes in 2012 will be low

Posted by Genie Wood on Mon, May 07, 2012 @ 04:05 AM

According to the American Trucking Association, the amount of freight that will be moved in the 2012 fiscal year will be moved at a slower pace than it was between the 2010 and 2011 fiscal years. Yet, the actual amount of freight that is going to be transferred throughout the year will be higher than it was in the past.


The growth of the trucking tonnage between 2010 and 2011 was an impressive 5.8 percent. Experts believe that between 2011 and 2012, the tonnage will increase by less than 3 percent. This slower growth reveals that the trucking industry is staying grounded with the slowly improving economy in the United States.


As the economy continues to gain footing, the trucking industry will do the same. This lower growth for the freight volume is still on par with the improving economy.


Freight factoring can be done in a number of ways. To learn more about freight factoring, please contact TBS Factoring by calling 800-207-7661 today.

New program will help teens safely drive near large trucks

Posted by Genie Wood on Tue, Apr 24, 2012 @ 08:10 AM

A new program, entitled Trucking Mentors, has been developed by Trucker Buddy International. This program was designed to help high school students learn about safety factors when driving near large trucks on major roadways.


The composition of the Trucking Mentors program will involve pairing a professional truck driver with a high school that is either along their driving route, or local to the driver's main location. The driver will visit the school up to twice a year in order to talk about the safety issues associated with driving near large trucks, and to also promote a positive image of the professional trucking industry.


No charge will be connected to the program, and any truck driver can apply to be a Trucking Mentor. All potential candidates will have to undergo background checks before being allowed into the program.


Freight factoring can be done a number of different ways. To learn more about freight factoring, please contact TBS Factoring by calling 800-207-7661 today.

Federal law regarding handheld cellphone use and the trucking industry

Posted by Genie Wood on Thu, Apr 19, 2012 @ 03:07 AM




A new federal law recently went into effect on January 3, and targets commercial truck drivers and handheld cellphone use. The law bans the use of cellphones for truck drivers if they are of the handheld variety. The liabilities surrounding the use of cellphones is what triggered the passing of this law.


Car accidents involving trucks can be extremely hazardous, and often times fatal. The month of April is dedicated to distracted driving awareness, and cellphone use tops the list of deadly distractions. In 2009, distracted driving led to 5,474 deaths and more than 400,000 injuries throughout the United States.


If a truck driver is pulled over for operating a cellphone while driving, they will be handed a fine for $2,750. If a truck driver breaks this law on more than one occasion, they face the removal of their commercial trucking license. The U.S. Government believes that if more drivers are informed of the deadly consequences of distracted driving, then fatal accidents in America could potentially decrease.


Freight factoring can be done in a number of ways. If you have questions regarding freight factoring, please contact TBS Factoring today by calling 800-207-7661 today.

How the trucking industry is coping with high diesel prices

Posted by Genie Wood on Thu, Apr 12, 2012 @ 01:51 AM

One gallon of diesel fuel is currently sitting at $4 in the United States.This is the highest it has been in the last four years. Trucking companies across the country are implementing different tactics in order to combat the increasing fuel prices. 



 



Several companies have decided to purchase fuel-efficient trucks in order to lower the amount of diesel fuel that is needed. Drivers can also be trained on how to spend less time in the idle position of these fuel-efficient models, thus increasing the amount of miles that can be reached per gallon. 


 


The shape of trucks have also changed. Additions of deflectors on the roofing, as well as the sides, have been added. All of the changes that were implemented were done in order to increase the efficiency of the trucks on the roadway. The economy is becoming stronger, and the trucking industry is seeing an increase in jobs and performance, but it is still beneficial to make small changes that can impact the industry in a big way. 


 


Freight factoring can be done in a number of ways, depending on an individual trucker's preferences. To learn more about freight factoring, please contact TBS Factoring by calling 800-207-7661 today.  

Trucking loses jobs in the month of March

Posted by Genie Wood on Fri, Apr 06, 2012 @ 01:47 AM

 



In the month of March, the United States added 120,000 jobs. The previous three months, the economy saw an increase of at least 200,000 jobs per month. 


 


This slower incline in March reveals that the economy is still struggling to regain structure. The overall unemployment rate declined, and is currently at it's lowest number since 2009. The decline in this number is largely due to the fact that less people are actively seeking employment. 


 


In the trucking industry, 1,900 jobs were lost in March. This is the first time it has dropped since August. Although, the industry saw a decrease in job availability, the number of current jobs is still at a higher level than the same month in 2011. 


 


Freight factoring can be done in a number of ways. If you have questions regarding freight factoring, please contact TBS Factoring by calling 800-207-7661 today.

What is truck factoring?

Posted by Genie Wood on Thu, Mar 22, 2012 @ 07:26 AM

Truck factoring involves a trucker's ability to insure their cargo and assign credit risk. The two common types of truck factoring include non-recourse factoring and recourse factoring. 



 


Non-recourse factoring involves a factoring service company taking the credit risk on it's shoulders. This means that the trucker will not be responsible for unpaid cargo loans due to credit problems. This type of factoring is accompanied by higher fees due to the trucker having no risk responsibility. 


 


Recourse factoring shifts the credit risk onto the truck driver, therefore lowering the overall fees paid to the factoring service company. This type of factoring appeals to truck drivers who are confident with taking the credit risk for their cargo. 


 


There are numerous ways that freight factoring can be conducted, and it is important to determine the exact plan beneficial to your situation. To learn more about freight factoring, please contact TBS Factoring by calling 1-800-207-7661 today.