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USA Truck rebrands to focus on comprehensive capacity solutions

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VAN BUREN, Ark. —USA Truck, a capacity solutions provider headquartered in Van Buren, Arkansas, has updated its branding as “USAT Capacity Solutions.”

The new branding better reflects a focus on comprehensive capacity solutions offerings that enhance the customer experience and service quality, according to James Reed, president and CEO.

The company is focused on being a top service organization that improves the customer experience via more comprehensive solutions offerings, more efficient processes, and better customer-facing systems, Reed said.

This rebranding reflects the shift toward customer experience as among the company’s highest priorities.

“The USA Truck brand needed to be refreshed to bring clarity and unity to all of our service offerings as the company moves toward excellence and growth,” said Tim Guin, EVP and chief commercial officer. “The brand is one of the most recognized brands not only in our industry but also throughout the country.”

The company now offers access to additional capacity far beyond the 2,000+ tractor asset fleet. USAT Capacity Solutions offers dedicated; intermodal COFC and TOFC solutions; Logistics solutions with over 15,000 trucking partners offering Dry Van, Refrigerated, Flatbed, Heavy Haul, and other modes. Mexico continues to be significant to the current and future growth plans for the business.

“We want customers to think of USAT Capacity Solutions as the ‘go to’ provider when they have challenges in their supply chain. Our new marketing brand is more consistent with our stated strategy and organizational priorities,” Reed said.

For more information, visit www.usa-truck.com or

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May North American Class 8 orders take a tumble

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May Class 8 orders were down a significant 70% from year-ago May. (Courtesy: DAIMLER TRUCKS NORTH AMERICA)

Preliminary North America Class 8 net order data released by the two commercial vehicle organizations that track information both show a sharp decline in Class 8 orders for May.

FTR reports preliminary Class 8 orders for May scraped the bottom of the order cycle, coming it a lowly 10,400 units, or 29% below the slow April activity.

This is the lowest volume for Class 8 orders since July 2016 and the weakest month of May since 2009, reflecting a minus 71% year-over-year comparison. Class 8 orders for the past 12 months now total 360,000 units.

ACT Research showed the OEM industry booked 10,800 units in May, dropping 27% from April, but down a more significant 70% from year-ago May.

FTR’s Don Ake, vice president of commercial vehicles said May 2019 is basically the final period for ordering trucks to be built in 2019 and the low numbers indicate that fleets are simply trying to find any scarce build slots left for the year.  Backlogs should fall to the 220,000 range, just where they were a year ago when the fervent ordering for 2019 began.

“May’s low orders were consistent with it being the last month in this year’s cycle. The 2019 order pattern was pulled ahead by three months, so May’s orders are similar to what you normally would see in August,” he said. “Ordering for 2020 is expected to begin in June, with several OEMs expected to start taking orders for next year.”

OEM build rates remain at robust levels, Ake said.

“The economy and freight growth are expected to ease throughout the year, applying some downward pressure on the truck market in the second half.  Orders for the next couple of months should be a good indicator of fleet confidence about 2020.”

“Fraying freight market and rate conditions along with a still-large Class 8 order backlog contributed to the worst NA Class 8 net order performance since July 2016,” said Kenny Vieth, ACT’s president and senior analyst. “May saw NA Class 8 orders fall below the 15,900 units averaged through the year’s first trimester, and year-to-date Class 8 net orders have contracted 64% compared to the first five months of 2018.”

For more information on FTR visit .

For more information on ACT Research, visit .

 

 

 

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Average on-highway price of gallon of diesel drops 1.5 cents

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This week's price is 14.9 cents a gallon lower than the comparable week last year.

WASHINGTON — The average on-highway price of a gallon of diesel dropped 1.5 cents a gallon to $3.136 for the week ending June 3, according to the Energy Information Administration of the Department of Energy.

All told the price has dropped 3.5 cents during the past four weeks.

All regions of the country declined, led by California at 2.5 cents, followed by the total West Coast (Washington, Oregon, Nevada, Arizona and California) and 1.8 cents a gallon in both the Rocky Mountain states (Montana, Idaho, Wyoming, Utah and Colorado) and the Gulf Coast (New Mexico, Texas, Arkansas, Louisiana, Mississippi and Alabama).

This week’s price is 14.9 cents a gallon lower than the comparable week last year.

 

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FreightWaves acquires StakUp Inc., TCA inGauge’s software platform

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ALEXANDRIA, Va. and CHATTANOOGA, Tenn. — FreightWaves, a data and content source for the freight markets, has acquired StakUp Inc. as part of a multi-faceted partnership with the Truckload Carriers Association that will build on a previously per a data and marketing agreement established in November 2018.

StakUp is the developer of the “inGauge” online benchmarking platform used exclusively by the TCA Profitability Program (TPP) to compare and contrast financial and operational performance. As the exclusive software service provider for TPP, StakUp has built a significant database of carrier and brokerage profiles since its founding in April 2014 by then TCA Chairman Ray Haight and StakUp President Chris Henry.

As of June 1, Henry will have dual roles. He will continue as TPP Program Manager and also serve as FreightWaves’ vice president of carrier profitability. In this role, he will enhance the data and features offered through the FreightWaves SONAR freight intelligence platform, promoting SONAR features specifically for North American truckload carriers. Jack Porter will remain as TPP managing director, and will work closely with Henry to achieve growth targets, enhance group meeting content, and strategic direction.

This new partnership between TCA and FreightWaves further fuels TCA’s membership growth and enhances active participants in the TCA Profitability Program, according to TCA Chairman Josh Kaburick, who said the outlined goal is to increase TPP participants to 2,000 by the end of 2025. In addition to the value of a larger pool of participants, especially for the curation of best practices and new initiatives, TCA and FreightWaves will be emphasizing the importance of increased technological sophistication of member companies.

In addition, FreightWaves and TCA will conduct research to improve the efficiency and profitability of North American trucking companies and their related supply chain partners. Quarterly research objectives will be established to leverage FreightWaves’ growing datasets and its data scientists. TCA’s gvernment affairs team will work closely with FreightWaves staff to establish the research objectives.

Also, the two organizations have developed an incentive program, exclusively for TPP participants, to use the FreightWaves SONAR platform free for six months (limit of one SONAR seat per member, non-API access) that began June 1 and will end November 30. Carriers that join TPP after June 1, will receive access to SONAR beginning on their join date, and ending on November 30, 2019. Current TPP participants are strongly encouraged to activate their trial in order to maximize their evaluation period before the November 30 deadline.

“Having previously established a close working relationship with TCA, this acquisition and partnership was the logical extension to build on each other’s strengths,” said FreightWaves’ Founder and CEO Craig Fuller. “TCA has established the premier benchmarking and knowledge-sharing platform in trucking. Our goal is to add features, services and data to enhance the value for current and future TPP participants. If you are a truckload carrier, this service is a no-brainer.”

“FreightWaves has carved out a unique position in the North American transportation industry as the data and content provider of choice,” said Kaburick, who is CEO of Trekker Group of Companies. “The TCA Profitability Program is an exceptionally valuable service for participating carriers. Just like any other business, it is imperative that TPP stays relevant, and expands its services available to carriers of all sizes.”

 

 

 

 

 

 

 

 

 

 

 

 

 

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