Selected COVID-19 and trucking industry news that may impact your business.
As of May 22, 2020:
Carrier optimism soars as freight volume ticks upward and drivers come back to work
CCJMore than 45% of fleets responding to a CCJ survey that measures the coronavirus’ impact on motor carriers said they expect to see an increase freight levels over the next 30 days, while only 19% expect to see a decrease – a clear signal that carriers expect to see customers shuttered by stay-at-home orders begin to reopen. Over the course of the pandemic, roughly 80% of survey respondents consistently said freight volume has decreased. Read More
Compliance reviews going remote during pandemic
The Federal Motor Carrier Safety Administration on Wednesday issued new guidance on how it will conduct compliance reviews during the COVID-19 pandemic. The agency said it will leverage “all available technology to access information and records” to limit the risk of coronavirus exposure to trucking company employees and FMCSA investigators. Safety ratings will be assigned using the same standards as normal, even if no on-site review has occurred. Read More
Love’s adds 190 truck parking spaces at new South Carolina, Texas locations
Love’s Travel Stops this week opened two new locations in Summerton, South Carolina, and Laredo, Texas. Read More
Daily Infographic: Freight Sales Survey- Coronavirus May Update
While the logistics industry is experienced in quickly adjusting due to natural or political disasters, supply chain participants now must alter operations in order to survive the pandemic and ensuing economy.
Analysts hopeful that worst of freight downturn has passed
The economic downturn wrought by the global spread of COVID-19 and corresponding state shutdown orders potentially has hit its lowest point, said analysts over the past week, as freight demand has entered recovery and is forecast to continue on that front through the end of next year. Read More
TPS reader survey shows parts and service markets rebounding while equipment sales remain in the tank
Trucks Parts ServiceThe Trucks, Parts, Service reader survey on business conditions related to COVID-19 returned this week to show substantial optimism among parts and service professionals as the North American trucking industry enters its third month battling the economic challenges posed by the pandemic. Read More
Nation’s Courts Feeling Impact of COVID-19 Pandemic
The COVID-19 pandemic is affecting the nation’s court systems in ways that could reshape how cases are handled, and for the trucking industry, legal experts believe it could have a long-term effect on how juries view cases involving motor carriers. Read More