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Upcoming event aims to help women explore trucking industry

Upcoming event aims to help women explore trucking industry-Forwardernews

Trucking apparel company S.H.E. Trucking Apparel is hosting an upcoming event called The Big Rig Kids with Grandma Polly. Renee Brown, a former trucker who is also known as Grandma Polly, is an author of a series of books to inspire young adults.
S.H.E. Trucking stands for Sisterhood Helping Empowerment in Trucking. The business’ event is designed to present a window into the trucking industry for young women who may want to explore the field as a career option.
“We encourage kids and adults can come out to get a full experience,” CEO and Founder of S.H.E. Trucking Sharae Moore said in a prepared statement. “Dream big. You can be anything you want to be.”

Uber's trucking ambitions in lower gear after Otto deal

An Autonomous trucking start-up Otto vehicle is shown during an announcing event in California-Forwardernews

The San Francisco ride-services giant had planned to disrupt freight hauling by offering a complete package of trucking technology including self-driving trucks and smartphone-based logistics services.
But what has emerged so far, industry watchers say, is a modest effort to build a brokerage service connecting truckers looking for loads to shippers with cargo to haul.

Stifel resumes coverage of 3PLs, finds favorable freight environment

Stifel resumes coverage of 3PLs, finds favorable freight environment-Forwardernews

A common theme in Stifel’s notes was the historically tight capacity environment that U.S. freight markets are currently experiencing: in the reports, Chan characterized capacity tightness as ‘secular’ and ‘structural’, implying that for the foreseeable future, shippers will be forced to rely on brokers to source capacity. 
Stifel rated CH Robinson a ‘buy’ with a price target of $101 (20x estimated 2019 earnings per share), XPO a ‘hold’ with a price target of $118 (27x estimated 2019 EPS), Echo a ‘buy’ with a price target of $34 (18x estimated 2019 EPS), Landstar a ‘hold’ with a price target of $123 (17.8x estimated 2019 EPS), and Universal Logistics a ‘hold’ with a price target of $27 (16x estimated 2019 EPS).

Brazil Truck Freight Talks Lag, Lead to Shipping Delays

Brazil Truck Freight Talks Lag, Lead to Shipping Delays-Forwardernews

Maggi told reporters in Brasilia that at least 60 ships in all Brazilian ports are facing loading delays because of reduced trucker movement from areas such as Brazil's center-west grain belt to southern ports.
Owners of goods such as soybeans, corn, and meat are at odds with the government over minimum truck freight prices it proposed as a measure to end the strike and many are refusing to hire trucks.
A new proposal promised by the government has yet to materialize.
"There are a lot of products waiting for transportation. We should be moving 450,000 tonnes of goods to ports every day, but we are not," said Maggi.

High demand continues to absorb used truck supply

High demand continues to absorb used truck supply-Forwardernews

Volume at auction lower than predicted

The volume of used trucks going to auction continued to be lower than expected in May due to heightened demand. Fleets are keeping existing equipment on top of purchasing used trucks. J.D. Power described pricing as “stable to slightly downward” as a result.

Refrigeration Specialist Adds to Solar Panel Portfolio

Refrigeration Specialist Adds to Solar Panel Portfolio-Forwardernews

In low light, Thermo King’s new solar panels collect energy to keep the refrigeration unit’s battery fully charged. This eliminates the need to use the engine to charge the battery and reduces fuel consumption by up to 23 percent and CO2 emissions by 560kg. Solar panels are especially ideal for customers who have sustainability goals.

Trucking industry losing drivers faster than they can recruit

Trucking industry losing drivers faster than they can recruit-Forwardernews

South Carolina is looking for a few good truckers — more than a few, actually.

The U.S. needs 50,000 truck drivers to avoid a shipping squeeze

The U.S. needs 50,000 truck drivers to avoid a shipping squeeze-Forwardernews

According to the American Trucking Associations, there's a shortage of roughly 50,000 truck drivers across the country. And it's hitting both businesses and consumers in the wallet.
Companies are complaining about how the driver shortage is impacting their business. Meanwhile, the cost of convenient shipping is starting to catch up with consumers.
Amazon recently hiked its Prime membership to $119 a year from $99 a year. The retail giant said one of the reasons for the price jump was increased shipping costs.
But the driver shortage isn't just because of demand created by online shopping. There's a lot going on behind the scenes, according to Bob Costello, the chief economist at American Trucking Associations.

Tire Sealant Deal “Huge Step Forward for the Industry”

Tire Sealant Deal “Huge Step Forward for the Industry”-Forwardernews

The partnership, which begins this month, was finalized after having performed a comprehensive testing and clearance phase of the combination of Ultra-Seal with tires, rims, and valves. The 3-year contract between Schmitz Cargobull and Ultra-Seal involves supplier warranty on tires and rims for approved combinations when using Ultra-Seal.
Schmitz Cargobull’s member of the Board of Directors, Boris Billich, states: “We are always interested in finding new products that can benefit our customers. We have closely followed tire experiences with Ultra-Seal and the positive results there paved the road to approve Ultra-Seal as tire sealant for Schmitz Cargobull.”

Pallet Network Welcomes Back Founder Member

Pall-Ex-has-welcomed-a-new-member-to-its-market-leading-network-_A3S3812-1024x682_0.jpg

Pall-Ex has expanded its operation by welcoming back well-established founder member, Panic Transport. Rugby-based Panic Transport, which was founded in 1990...

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