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Two large carriers increasing driver pay

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Cargo Transporters and C.R. England are increasing driver pay. (FOTOSEARCH).

Two major carriers said Thursday they were increasing driver pay.

Cargo Transporters, a regional and national carrier, said its increase will include all over-the-road and regional fleet drivers.

Cargo Transporters will increase solo, over-the-road driver pay 2 cents/mile on all dispatched miles. Team and regional drivers pay will increase 1 cent/mile on all dispatched miles.

Drivers with Cargo Transporters are also inherently compensated more for miles driven, since the carrier calculates pay based on Practical Route miles, instead of industry standard, Household Good mileage (HHG) shortest miles. HHG shortest miles are used by most trucking companies, however, Practical Route miles are typically, on average 8 percent higher.

“Cargo is a leader in safety and service, which is a direct reflection of our drivers and staff. We have always had a tradition of providing great careers, benefits and the safest equipment to our drivers. The increase is an ongoing commitment to our drivers and their families,” said Dennis Dellinger, president.

Driver income has increased considerably over the last years. In 2018, the upward trend continued with the average solo income being $60,000. More than 25 percent of the drivers earned in excess of $67,000.

Cargo Transporters is a truckload carrier operating 525 trucks serving the continental U.S. Based in North Carolina, the company operates terminals in Claremont, Charlotte and Rocky Mount. The company employs over 700 people.

For more information please see .

C.R. England said its increase would be the second multi-million dollar driver pay increase in the last eight months. The pay increase will benefit solos, teams, and trainers in C.R. England’s national, regional and training divisions and takes effect January 31, 2019.

“Including this pay increase, C.R. England has invested an annualized amount of over 30 million dollars in driver pay increases in the last eight months,” said Chief Executive Officer Chad England. “This increase comes just eight months after over the road (OTR) drivers received the largest driver compensation increase in the 99-year history of the company. Raising pay is an indicator C.R. England is committed to providing our employees with a long-term career path they can count on financially.”

With the announcement, every line-haul Newsal and Regional driver received a pay increase. This includes solos, teams, and trainers. Trainers will continue to be the highest paid group of drivers at C.R. England. In addition to these increases, the company continues to evaluate and adjust pay for its already highly paid drivers in the Dedicated and Intermodal Divisions.

Founded in 1920, C.R. England is headquartered in Salt Lake City, and is one of North America’s largest refrigerated transportation companies.

For more information to go .

 

 

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ATA For-Hire Truck Tonnage Index surges 7.4% in April

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Compared with April 2018, the SA index increased 7.7%, the largest year-over-year gain since July. (The Trucker file photo)

ARLINGTON, Va. — American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index surged 7.4% in April after decreasing 2% in March. In April, the index equaled 121.8 (2015=100) compared with 113.4 in March.

“The surge in truck tonnage in April is obviously good for trucking, but it is important to examine it in the context of the broader economy,” said ATA Chief Economist Bob Costello. “February and March were particularly weak months, as evidenced by the 3.5% dip in tonnage due to weather and other factors, so some of the gain was a catch-up effect. In addition, the Easter holiday was later than usual, likely pushing freight that would ordinarily be moved in March into April.

“I do not think the fundamentals underlying truck tonnage are as strong as April’s figure would indicate, but this may signal that any fears of a looming freight recession may have been overblown,” he said.

March’s reading was revised up compared with our April press release.

Compared with April 2018, the SA index increased 7.7%, the largest year-over-year gain since July.

The not seasonally adjusted index, which represents the change in tonnage actually hauled by the fleets before any seasonal adjustment, equaled 117.7 in April, 1% above March level (116.6). In calculating the index, 100 represents 2015.

Trucking serves as a barometer of the U.S. economy, representing 70.2% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods. Trucks hauled 10.77 billion tons of freight in 2017. Motor carriers collected $700.1 billion, or 79.3% of total revenue earned by all transport modes.

ATA calculates the tonnage index based on surveys from its membership and has been doing so since the 1970s. This is a preliminary figure and subject to change in the final report issued around the 5th day of each month. The report includes month-to-month and year-over-year results, relevant economic comparisons, and key financial indicators.

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ACT says trailer order volume soft in second straight month

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This chart compares trailer order volume for three years. (Courtesy: ACT RESEARCH)

COLUMBUS, Ind. — ACT Research’s preliminary estimate for April 2019 net trailer orders is 14,500 units.

Final volume will be available later this month. ACT’s methodology allows the company to generate a preliminary estimate of the market that should be within +/- 3% of the final order tally.

“Order volume was soft in April for the second straight month. Several factors appear to be in play. OEMs continue to be reticent to fully open 2020 orderboards. This is evident in our measurement of the extent of the industry’s backlog, which has remained in the November or December timeframe throughout the first four months of 2019,” said Frank Maly, ACT’s director of CV transportation analysis and research. “While we hear comments of some fleets anxiously awaiting the chance to snap up 2020 build slots, some also appear to be evaluating their existing commitments. Cancellations in April were the highest since August 2016 on both a unit and percent of backlog basis, and have remained elevated since December. That resulted in an interesting dichotomy in April orders; while new orders were actually up versus March, cancellations were significant enough to pull the net order number into the red month-over-month.”

Maly said while down slightly from March, production continues at a brisk pace, although material/component availability and staffing continue to challenge OEMs. Seasonal patterns actually called for a slight increase for April production, so that small sequential decline likely confirms the impact of the aforementioned headwinds.

“Additionally, our discussions indicate that red-tagged units continue to challenge OEM production efficiency,” he said.

ACT Research is a publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets.

ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies.

More information can be found at .

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Price of diesel inches up three-tenths of a penny

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Overall, the price for the week ending was down 11.4 cents a gallon lower than last year.

WASHINGTON — The average on-highway price of a gallon of diesel increased three-tenths of one cent to $3.163 for the week ending May 20, according to the Energy Information Administration of the Department of Energy.

The increase was precipitated by a 1.1-cent increase in the Rocky Mountain states (Colorado, Utah, Wyoming, Idaho and Montana) and a 1-center increase in the Central Atlantic states (New York, New Jersey, Delaware, Pennsylvania and Maryland).

The largest decrease was five-tenths of a penny in the Lower Atlantic states (Florida, Georgia, South Carolina, North Carolina, Virginia and West Virginia).

Two regions remained the same as last week.

Overall, the price is down 11.4 cents a gallon lower than last year.

 

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