Our Blog

Senate passes long-term highway bill

Posted by Genie Wood on Thu, Mar 15, 2012 @ 06:57 AM

 



Bill Graves, the President and CEO of American Trucking Associations announced that the United States Senate has passed a long-term highway bill that will greatly benefit the trucking industry. He is urging the House to strongly follow suit. 


 


The bill will provide $2 billion each year for specific highway projects, including freight projects and speeds projects. This bill will also help slow down the spread of tolls throughout U.S. highways. Safety is also a main focus of the bill, and puts an emphasis on driving standards in the trucking industry. 


 


Graves hopes that the House will pass this bill as well, and then send it to the President for approval. This highway bill is a step in the right direction for the advancement of the trucking industry. 


 


It is important to be insured in the trucking industry. Freight factoring can be done in a number of ways. To learn more about freight factoring, please contact TBS Factoring by calling 1-800-207-7661 today. 

Fuel problems cause 110,000 trucks to be recalled

Posted by Genie Wood on Wed, Mar 07, 2012 @ 01:29 AM

A recall has been announced by the National Highway Traffic Safety Administration in regards to trucks that utilize Detroit Diesel. These vehicles have potential fuel system problems. The recall affects 110,000 of these trucks that were produced between January 2006 and February 2012.





The engine models on these trucks are outfitted with DD13, DD15, or DD 16. Fuel leaking may be caused in these engines due to engine sensitivity during upkeep. These leaks could potentially start a fire, and could increase the likelihood of becoming involved in an accident on the roadway.





Owners of the affected trucks will be able to have the problem fixed for free at any facility that supports Detroit Diesel engine repairs.





Freight factoring can be done in a number of ways, and it is important to discuss your needs in order to secure the right type of factoring for your company. To learn more about freight factoring, please contact TBS Factoring by calling 1-800-207-7661 today.  



Truck tonnage index falls by 4 percent

Posted by Genie Wood on Wed, Feb 29, 2012 @ 06:26 AM

 



The Truck Tonnage Index dropped by 4 percent in January 2012. In December 2011, there was a 6.4 percent increase in truck tonnage.





The American Trucking Association announced the numbers for January, claiming that they were the seasonally adjusted numbers for the industry. The chief economist of ATA is not surprised that the tonnage index fell in January on a seasonal basis, mainly because of how strong the month of December was for the trucking industry.





The tonnage index reported a 5.8 percent increase for the 2011 fiscal year.  





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. 



Increasing gas prices hit trucking industry hard

Posted by Genie Wood on Wed, Feb 22, 2012 @ 05:19 AM

 



Across the United States, gas prices are increasing. It is estimated that by summer, the price for one gallon of gasoline could be $5.





These elevated gas prices could negatively affect the trucking industry. If the economy starts to slow down, then the amount of freight could be impacted by the decline. When the freight loads are lighter, fewer trucks are needed for their transportation.





The rising gas prices will also play a large role in the trucking industry, because trucks can only be filled up with diesel fuel. This type of fuel tends to cost between 30 and 50 cents more a gallon than unleaded fuel.





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. 

White House budget includes transportation projects

Posted by Genie Wood on Thu, Feb 16, 2012 @ 12:48 AM

 



The White House has set aside $476 billion of its 2013 fiscal budget in order to address major transportation issues across the United States. This large amount of money would go towards highway and bridge construction projects.





The outline of the budget shows that the projects will span out until the year 2018. In the 2013 fiscal year, the U.S. budget allows for a two percent increase of funding for the Department of Transportation. They will receive $74 billion in 2013.





The President of the United States has proposed that in 2012, $50 billion be distributed in order to improve the highways and roads in our country. The budget will be more critically analyzed during the election campaigns in the fall.





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. 



Sleep apnea and the trucking industry

Posted by Genie Wood on Thu, Feb 09, 2012 @ 01:49 AM

 



Truck drivers spend numerous hours behind the wheel at a time, and many of those hours fall during the middle of the night. It is important for these drivers to stay alert on the road in order to avoid the causation of accidents.



United States transportation authorities put a rule into place regarding sleep apnea in the trucking industry. A screening system will be set up in order to determine if truck drivers suffer from this sleep condition.



Any trucker who has a body mass index of more than 35 will be required to be tested for the sleeping condition. The number 35 was reached so that the screening process would only affect individuals who have a much higher chance of developing sleep apnea.



It is important to be insured on the roadways in the trucking industry. Freight factoring can be done in a number of ways. To learn more about freight factoring, please contact TBS Factoring LLC by calling 800-207-7661 today.   

Truck drivers help couple in desperate need

Posted by Genie Wood on Wed, Feb 01, 2012 @ 04:24 AM

 



A couple was traveling to Alabama with all of their belongings in a U-Haul behind their car. Not far into the trip the couple noticed that there was smoke coming from underneath the hood of their car. They quickly pulled off the road and evacuated the vehicle, making sure to bring their puppies with them as well.



Two truck drivers were driving on the same highway when they noticed the smoke. They didn’t hesitate when stopping to help the desperate couple. One of the drivers attempted to put out the flames coming from the vehicle and the other trucker offered the couple a seat in her truck. She provided water and blankets for the shocked couple.



Although, they were unable to save their vehicle or trailer with their belongings, the couple was grateful to the truckers for saving their lives. One of the truckers offered to take them with her to her next stop, where she purchased meals for the couple as well as clothing.



It is important to be insured in the trucking industry. To learn more about freight factoring, please contact TBS Factoring LLC by calling 800-207-7661 today. 

Cargo theft reaches highest level in 2011

Posted by Genie Wood on Wed, Jan 25, 2012 @ 02:57 AM



A report released by FreightWatch International has shown that cargo theft in the United States reached a record high amount in 2011.



Compared to 2010, the amount of cargo theft increased by 9 percent in 2011. The report shows that in 2011, the theft rates were 974, which is close to an 8.8 percent increase from the 2010 figures.



A small bright side to this information is that the value of each stolen cargo decreased in 2011. The average amount of cargo stolen in 2011 was roughly $319,000. This decline alludes to the fact that truck drivers are valuing their cargo more and being more protective of their trucks, making thieves target lesser value shipments.



Freight factoring can be done in a number of ways and is important to secure to be insured on the road. To learn more about freight factoring, please contact TBS Factoring LLC by calling 800-207-7661 today.



 

Lack of truck drivers continues, according to national survey

Posted by Genie Wood on Wed, Jan 18, 2012 @ 03:56 AM



The national survey, Business Expectations Survey, is conducted by Transport Capital Partners, TCP, and this year determined that there is still a lack of experienced truck drivers in the industry.



The survey shows that roughly 70 percent of trucking carriers were having a hard time hiring additional truck drivers. Unseated trucks for carriers rose between 10 percent and 18 percent, up from 6 percent and 10 percent in the previous quarter.



TCP also found that carriers think wages should drastically increase for truckers if they are going to be able to fill vacant positions. There were 65 percent of carriers that thought the wages earned by truckers should be more than $60,000. That amount is an increase of 49 percent from the wages earned in May of 2011.



It is important to be insured in the trucking industry. To learn more about freight factoring, please contact TBS Factoring LLC by calling 800-207-7661 today.

Surface transportation increases in 2011

Posted by Genie Wood on Wed, Jan 11, 2012 @ 04:34 AM



In October 2011, there was a 12 percent increase involving surface transportation in the trucking industry. This increase occurred between 2010 and 2011 and involved trade between the United States, Canada and Mexico.



The United States Department of Transportation said that this increase equaled $79 billion. Within the last ten years, the worth of the surface transportation trade rose by 65.9 percent amongst the partners of the North American Free Trade Agreement.



Surface transportation involves freight transfers by truck as well as other methods.



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.