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Week of June 19: A round-up of the most engaging and talked-about freight content from around the web and from us.
Truckers hit the books as the English proficiency rule kicks in, feds charge a banned Texas carrier, Tropical Storm Andrea stirs up peak season fears... and more in today's newsletter.
Signs point to the trucking industry nearing the end of the current freight recession, with trucking revenue still high despite reduced demand. A market turnaround, however, is yet to be seen.
Although the trucking industry is facing a freight market recession, there are indicators that suggest it may be nearing the bottom of the downturn. Seasonally adjusted trucking ton-mile index, which implies freight demand, shows a minor rise of 0.6% from March to April 2023, yet is down 1.6% compared to April 2022. Despite this, trucking revenue remains elevated compared to pre-pandemic levels, suggesting that capacity isn't exiting as rapidly as expected. The near future likely sees the industry remaining in this trough without a significant shock event to stimulate demand.
Source: Jason Miller
New FMCSA rules on English proficiency go into effect June 25. Trucking schools and fleets are pivoting.
Federal charges have been brought against Texas-based Shaquan Jelks for managing trucking firms in violation of FMCSA shutdown orders, misusing PPP funds, and obstructing safety investigations.
Senate bill proposes mandatory English tests for new truck drivers before CDL approval.
Today we sat down with Chris Kuna, a transportation pro with over a decade of experience. He shares what the logistics industry misunderstands about truckers' lives, habits for staying healthy on the road, and his long-term vision for Driverness.
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