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Trucking companies petition FMCSA to remove public CSA scores

Posted by Genie Wood on Fri, Sep 19, 2014 @ 10:07 AM

A number of different trucking companies are calling on the Federal Motor Carrier Safety Administration (FMCSA) to no longer make Compliance, Safety, and Accountability scores, along with other safety data, available to the public. Those petitioning the FMCSA claim that the information presented in this data contains statistical flaws that the FMCSA has done nothing to address, although it has been brought to their attention numerous times.

The groups and companies involved in this petition sent a joint letter to the FMCSA just weeks after both the American Trucking Associations and the Owner-Operator Independent Drivers Association also requested that CSA data be removed from the FMCSA's website.

This is not the first time that groups within the trucking industry have petitioned to have such information removed. Earlier this year, a legal case was dismissed in which the Alliance for Safe, Efficient and Competitive Truck Transportation (ASECTT) brought a case against the FMCSA to have this safety data removed from public view, claiming that the FMCSA presented this information without addressing some of the flaws with the data, which could have significant effects on drivers' and companies' business.

Trucking companies and independent drivers face a number of substantial challenges in the course of doing business, but one of the most significant is cash flow problems caused by clients failing to pay their invoices on time, if ever. Fortunately, the team at TBS Factoring Service is here to help. Our truck factoring services can help you make ends meet even when your clients fail to make timely payments. Call us today at (800) 207-7661 to learn more about how we can help you.

Tags: freight factoring, FMCSA, trucking factoring, TBS Factoring, CSA data

ATRI Releases 10th Annual Survey of Trucking Industry Concerns

Posted by Genie Wood on Tue, Aug 19, 2014 @ 09:55 AM

The American Transportation Research Institute has issued its 10th annual survey of some of the greatest concerns in the trucking industry. This survey is released every year and trucking industry stakeholders are asked to rank some of the greatest areas of concerns within the industry. 

According to Philip Byrd Sr., chairman of American Trucking Associations, it is important to take these concerns into account now in order to address them and prepare for the future health of the industry. The American Trucking Associations commissioned the survey, and it is available to complete online by clicking here. The results of the survey will be announced at the American Trucking Associations' Management Conference and Exhibition in San Diego on October 4-7. 

Of all the difficulties facing drivers and trucking company owners, late payment, or non-payment, from clients is certainly one of the most challenging. Fortunately, the team of freight factoring specialists at TBS Factoring Service are here to provide you with the financial support you need to stay in operation. Learn more about our full range of services by calling us today at (800) 207-7661. 

Tags: TBS Factoring Service, freight factoring, Trucking Industry Concerns

Mid-America Trucking Show Starts this Week

Posted by Genie Wood on Tue, Mar 25, 2014 @ 03:52 PM

This year's Mid-America Trucking Show, taking place in Louisville, KY, kicks off this week on March 27th. This 2-day event is the largest of its kind, and is an incredible opportunity for trucking professionals to meet face to face with a variety of vendors and other influential figures and companies in the trucking industry. 

This year's show features a mix of events, including everything from seminars to musical performances to the event's signature expo, and draws trucking professionals from around the country who are looking to learn about new regulations, products, and opportunities to improve their business. 

One of the greatest concerns facing individuals and companies in the trucking industry is the issue of making ends meet financially, especially when dealing with clients who fail to pay their invoices. Fortunately, freight factoring can play an important role in helping truckers secure the finances they need, regardless of a client's willingness or ability to pay on time. To learn more, contact the experienced professionals at TBS Factoring Service today at (800) 207-7661. 

Tags: TBS Factoring Service, freight factoring, Trucking Industry, Mid-America Trucking Show

HOS Restriction Presents Trucking Industry with Challenges

Posted by Genie Wood on Mon, Nov 18, 2013 @ 02:23 PM

In July of 2013, the Federal Motor Carrier Safety Administration (FMCSA), a division of the U.S. Department of Transportation, amended the Hours of Service (HOS) allowed for trucking employees. The new HOS requirement prohibits a driver from being on the road for over eleven hours in a fourteen hour workday, making the maximum time a trucker can work in a workweek 70 hours.

Compared to 2012, when the HOS limit was 82 hours per workweek, the possible Hours of Service have decreased by 12 hours. The trucking industry has long since suffered from a labor shortage, so when the new stringent work limit was announced, many people in the trucking industry projected that productivity would suffer.

The FMCSA stands by the newly imposed rules, claiming that the changes will help reduce the likelihood of fatigue-related trucking accidents. Ray Lahood, secretary of the U.S. Department of Transportation, mentioned that they made these rules with safety in mind, not profits.

Unfortunately, HOS regulations are only one component that contributes to the overall financial standing of truckers and trucking companies. If you are having trouble making ends meet because you have clients who have failed to pay their invoices on time, freight factoring can offer you the relief you need. Contact TBS Factoring Service today at 800-207-7661 to learn more about how we can help. 

Tags: TBS Factoring Service, trucking regulations, Hours of Service, freight factoring, HOS

Liquefied Natural Gas as a Cleaner Freight Energy Source

Posted by Genie Wood on Thu, Sep 19, 2013 @ 03:44 PM

Thus far in September, the trucking industry has made shifts towards using liquefied natural gas (LNG) alongside diesel as a more environmentally-sound source of energy. On Wednesday at the Great Lakes Trucking Expo held in Cleveland, Tom O’Brien, CEO of Travel Centers of America LLC, spoke about recent progress in developing profitable ways to use LNG in the trucking industry. O’Brien cited the “shale revolution” as enabling the exploitation of liquefied natural gas in an economically advantageous way.

Across the United States, oil companies have been exploring shale exposures for natural gas with success. The discovery of natural gas gives the United States a newfound advantage in energy industries. O’Brien believes that the discovery of liquefied natural gas in shale exposures “could be the largest single advantage that the U.S. has enjoyed in the last century.”

Recently, Willow Run Foods signed a lease with Ryder Systems, Inc. for fifteen heavy duty compressed natural gas vehicles. The partnership between Willow Run Foods and Ryder Systems, Inc. marks tangible evidence of the shift towards using LNG that O’Brien spoke of on Wednesday. The vehicles were made available to Willow Run Foods through funding by the New York State Energy Research and Development Authority (NYSERDA). The project is expected to reduce greenhouse gas emissions by 500 tons.

New fuel options for truckers often comes with significant financial benefits. Unfortunately, many truckers still find themselves facing significant cash flow issues. If you are experiencing financial problems because of unpaid invoices, TBS Factoring Service can help. Contact us today at 800-207-7661 to find out more about what we can do for you. 

Tags: fuel, TBS Factoring Service, natural gas, freight factoring

TBS Factoring Service to Provide Saturday Fuel Advances

Posted by Genie Wood on Wed, Jul 03, 2013 @ 10:29 AM

TBS Factoring Service has extended the days in which its fuel advance program will be available to drivers. The program, which will now operate Monday through Saturday, advances funds to drivers who cannot afford the fuel for any load that TBS is factoring. By advancing up to 50% of the total, TBS wants to ensure that drivers will no longer have to worry about being able to operate on schedule.

In order to be able to participate in the program, there are a number of steps that drivers must first complete. An advance program agreement has to be signed with TBS and drivers must then fax a request for an advance, along with a copy of the rate sheet and bill of lading. After approval of the request, TBS will provide the driver with the necessary funds on a TBS Fuel Card. For Saturday advances, drivers should make their request between 8 a.m. and noon. You can read more about this program here.

At TBS Factoring Service, we have always made it our goal to provide the support and assistance that independent trucking operators need to stay in business and on the road. If you would like to learn more about our fuel advance or freight factoring services, please contact us at 800-207-7661.

Tags: fuel advance program, services, freight factoring, TBS Factoring

6,900 trucking jobs lost in March

Posted by Genie Wood on Fri, Apr 05, 2013 @ 10:42 AM

According to reports from the U.S. Labor Department, the trucking industry lost nearly 7,000 jobs in March.

Despite the unemployment rate dropping to 7.6%, the trucking industry had 6,900 employees lose their jobs, compared to a loss of 2,800 jobs lost in the entire transportation industry.

Additionally, according to Bloomberg News, payrolls increased by 88,000, a number that is significantly less than the 190,000 increase predicted. Fortunately, Bloomberg News also predicts that the national unemployment rate will stay relatively steady at 7.7%.

Losing jobs and employees not only usually reflects financial difficulties, but can also continue to place financial burdens on a trucking company. Fortunately, for trucking companies facing financial issues as a result of unpaid bills and trucking fees, the team at TBS Factoring can help. Call 1-800-207-7661 to learn about how we can help you get the money you need when you need it.  

Tags: TBS Factoring Service, freight factoring, Trucking Jobs, transportation industry

Trucking Industry Sees Modest Improvements

Posted by Genie Wood on Fri, Mar 29, 2013 @ 10:37 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

Louisville Hosts Mid-America Trucking Show

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

The 42nd annual Mid-America Trucking Show comes to Louisville this year. Considered to be the largest heavy-duty trucking event internationally, the Show is expected to attract upwards of 70,000 trucking industry professionals from all 50 states for three days from March 21st-23rd. The event is expected to bring upwards of $14 million to the regional economy.

The Mid-America Trucking Show is an industry trade show that allows trucking professionals from around the country to research and evaluate the latest products and services in the trucking industry, as well as to network with peers and establish working connections. For many independent trucking operators across the country, this event is annually one of the most important on their schedule.

At TBS Factoring Service, we understand the ins and outs of the trucking industry, and always do our best to help independent trucking operators with their cash flow needs. If you are interested in learning more about our freight factoring services, contact us today at 800-207-7661.

Tags: TBS Factoring Service, trucking news, freight factoring, Mid-America Trucking Show

5,600 Jobs Added in February

Posted by Genie Wood on Fri, Mar 08, 2013 @ 12:25 PM

Estimates released by the Bureau of Labor Statistics show that 5,600 jobs were added by for-hire trucking companies in February of 2013. These added jobs contribute to a total of over 21,000 jobs being added to the trucking industry since November 2012.

This increase is a 3.2% jump from the total number of jobs in the trucking industry at this time last year. Additionally, these numbers for trucking-related jobs are only reflective of for-hire trucking companies; they do not include jobs added to or taken from private trucking companies or other trucking-related industries.

Despite the increase in the number of trucking-related positions and the overall decrease in national unemployment, truckers and trucking companies may still find themselves facing financial burdens, especially when customers fail to pay for services rendered in a timely manner. Fortunately, there are easier ways to get the money that you are owed in such a situation. With the help of TBS Factoring Service, you can get the money you are owed now, relieving you of the burden of waiting for your payment. Call 800-207-7661 to speak with a representative about your options for getting your money more quickly.

Tags: TBS Factoring Service, trucking news, freight factoring, new trucking jobs