Driver Incentives & Capacity | Weekly News Update

Share:

EmailFacebookLinkedInTwitter
instagram social media icon

Shippers & 3PLs Expand Driver Incentives to Acquire Capacity

According to shippers at the Transportation and Logistics Council’s annual meeting held in Charleston, South Carolina, shippers are looking to secure tractor-trailers by enhancing their appeal to drivers. Jeffrey L. Meyer, group manager of transportation for Nestlé Purina PetCare, stated, “The driver is the first point of contact with your customers, so you want that to be a pleasant experience.” His division of Nestlé takes several steps to speed drivers through its distribution sites. Third party logistics companies are also enhancing their offerings. Uber Freight is attempting to draw more small trucking companies and drivers to its platform by offering incentives focused upon reducing companies’ operating costs. Incentives include Comdata fuel cards that offer drivers 20 cents off the retail price per gallon at TA/Petro truckstops, as well as fuel discounts at other locations. This also includes 30 percent off Goodyear truck tires, 25 to 50 percent off Navistar parts, and up to 16 percent off Navistar new truck purchases.

The STB Joins Shippers – Why is Rail Service Poor

On March 16th, chief executives of the nation’s railroads all received letters from the acting chair and the vice chair of the Surface Transportation Board (STB), requesting information on the status of their respective operations and how they are planning to improve them. Class 1 railway services have deteriorated over the past six months, particularly since November, due to a surge in freight traffic.  The STB’s letter requested information regarding each line’s number of existing locomotives, employee resources including headcount and hiring plans, expectations for 2018 demand, network bottlenecks of sustained congestion, and initiatives to proactively communicate service disruptions with shippers.

In Other News

3/19

Bloomberg: ‘Netflix for Oil’ Setting Stage for $1 Trillion Battle Over Data

The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never realized could be valuable. But their exploration customers are essentially saying hands off to anything coming out of their wells, including the streams of zeros and 1s.

FreightWaves: Railroads are struggling, and shippers–as well as Washington–want to know why

The chief executives of the nation’s railroads have all received letters from the acting chair and the vice chair of the Surface Transportation Board, requesting information on the status of their respective beleaguered operations and how they are planning to improve them.

WSJ: Aramco Scales Back IPO Plan, Eyes Saudi-Only Listing

Saudi Arabia is scaling back its ambitions for a public offering for oil giant Aramco, moving ahead with a listing next year solely on the Saudi stock exchange while taking more time to decide if an international venue is worth it.

3/20

American Shipper: Schneider brings chassis fleet in-house

National trucking company Schneider completed its conversion to a company-owned and managed chassis fleet by buying over 15,000 intermodal container chassis over the last four years. Schneider made the change to provide shippers a better experience through improved chassis capacity and maintenance practices.

WSJ: Shipowners’ Multibillion-Dollar Quandary: Buy Cleaner Fuel or a Fuel Cleaner?

The owners of 60,000 cargo ships are bracing for tighter emissions rules that are forcing them to make a multibillion-dollar choice: Start buying cleaner-burning fuel or invest in a device that treats the ship’s exhaust before letting it out.

3/21

Journal of Commerce: Capacity-hungry US shippers get closer to truckers

According to shippers at the Transportation and Logistics Council’s annual meeting held in Charleston, South Carolina, shippers are looking to secure tractor-trailers by appealing to drivers. Jeffrey L. Meyer, group manager of transportation for Nestlé Purina PetCare, stated, “The driver is the first point of contact with your customers, so you want that to be a good experience.” His division of Nestlé takes several steps to speed drivers through its distribution sites.

Journal of Commerce: Uber Freight bolsters capacity with trucker incentives

Uber Freight is attempting to draw more small trucking companies and drivers to its platform by offering incentives focused upon reducing companies’ operating costs. Incentives include Comdata fuel cards that offer drivers 20 cents off of the retail price per gallon at TA/Petro truckstops, as well as fuel discounts at other locations, 30 percent off Goodyear truck tires, 25 to 50 percent off Navistar parts, and up to 16 percent off Navistar new truck purchases.

3/22

CCJ: Workhorse set to deploy first fleet of all-electric vans in the U.S.

Workhorse will deploy the country’s first fleet of all-electric, zero-emission N-GEN cargo vans next month in San Francisco through a partnership with Ryder.

CNBC: Trump slaps China with tariffs on up to $60 billion in imports: ‘This is the first of many’

President Donald Trump signed an executive memorandum on Thursday that would impose retaliatory tariffs on up to $60 billion in Chinese imports.  “This is the first of many” trade actions, Trump said as he signed the memo.

This weekly publication is designed to highlight relevant industry news to provide professionals in the transportation, supply chain, and energy sectors with up-to-date information in a rapidly changing marketplace. This update is purely a compilation of industry news and as such, does not necessarily reflect the opinion of Breakthrough®Fuel. We do not warrant or guarantee accuracy or completeness of information. For additional information, please contact us at info@breakthroughfuel.com.

Sign up for the Breakthrough Advisor Brief and additional market insights.