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Analysis: Major challenges facing the trucking industry
Trucking faces fuel volatility, driver shortages and tech pressures. Read our analysis of the key challenges ahead.
Aug. 12, 2024
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JB Hunt, Kodiak partnership expands weekly deliveries
An autonomous route from South Carolina to Texas, which transports Bridgestone tires, now moves drop freight from Atlanta, Georgia, to Dallas to reduce empty miles.
By Larry Avila • Aug. 8, 2024
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Love’s adds to finance arm
The travel stop company’s acquisition of REV Capital’s U.S. transportation factoring portfolio is part of its plan to enhance its financial services business.
By Jessica Loder • Aug. 6, 2024
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Kodiak, Atlas Energy Solutions ramp up self-driving trucks in Texas
The technology is expected to reach 24/7 service for frac sand sites by the end of the year.
By David Taube • July 24, 2024
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AI offers safety, productivity returns on investment, executives say
Nearly all leaders of physical operations believe they need to invest in AI to stay competitive, according to a Samsara report.
By Colin Campbell • July 24, 2024
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Coffee and EV charging: Mercedes-Benz partners with Starbucks
The collaboration will add DC fast chargers at 100 retail locations along the 1,400-mile Interstate 5 corridor.
By Haley Cawthon • July 23, 2024
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XPO launches Mexico+ cross-border shipping service
The carrier's Yellow Corp. terminal acquisitions have allowed it to expand to seven border crossing points for faster delivery times.
By Colin Campbell • July 22, 2024
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Volvo to receive $208M to accelerate heavy-duty electric truck production
The funds will modify plants in Maryland, Pennsylvania and Virginia, where Mack and Volvo will produce new equipment orpowertrain components.
By David Taube • July 18, 2024
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Walmart Canada debuts hydrogen truck
The Nikola tractor contributes to the retailer’s goal ofa 100% alternatively powered fleet by 2028.
By Larry Avila • July 15, 2024
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Supply chain data-sharing leader promoted in federal multimodal office
Andrew Petrisin, creator of the DOT's Freight Logistics Optimization Works program, has been named deputy assistant secretary.
By Colin Campbell • July 11, 2024
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Nikola progresses toward ambitious 2024 sales goal
The company wholesaled 72 hydrogen fuel cell electric trucks in the quarter, besting its projected output.
By David Taube • July 8, 2024
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Trucking firms add automated scheduling software
R.E. Garrison is among the firms using Qued's technology to reduce the amount of tediousmanual tasks.
By David Taube • July 3, 2024
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Torc Robotics expects to remove truck drivers on public roads by 2027
The company plans to initially launch its autonomous technology on an I-35 lane in Texas, its VP of commercialization told Trucking Dive.
By David Taube • July 2, 2024
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Artur Express reserves 100 autonomous Kodiak trucks
The carrier anticipates safer roads and improved driver schedules with the AVs.
By David Taube • June 28, 2024
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Ryder executives to assess AI opportunities
Company leaders will gather to discuss how the business approaches the technology.
By David Taube • June 27, 2024
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Hydrogen truck developer Hyzon narrows its target market focus
The company will also explore a potential sale of its business.
By David Taube • June 25, 2024
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Corn growers file legal challenge against EPA’s trucking emissions rule
Industry groups argue that a transition to battery-powered trucks would have unintended consequences for the biofuels and agricultural industries.
By Nathan Owens • June 25, 2024
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RXO to acquire UPS’ Coyote Logistics
The parcel giant expects to complete the $1.025 billion deal by the end of 2024.
By David Taube • June 24, 2024
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CH Robinson promotes COO to chief strategy, innovation officer
Arun Rajan, who also previously served as chief technology officer, took on the newly created role last week.
By David Taube • June 24, 2024
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7 stats that show how inflation, AI are reshaping employee expectations
2024’s talent trends will likelydrive “seismic change” in the world of work, ADP research says.
By Kate Tornone • June 24, 2024
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Waabi plans to launch driverless trucks in 2025
The companyemphasized the technology’s use of generative artificial intelligence in moving forward.
By David Taube • June 18, 2024
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Intel chip equipment ‘super load’ makes its way across Ohio
The delivery is one of 24 massive loads bringing air processing machinery to the upcoming $28 billion manufacturing campus.
By Kate Magill • June 18, 2024
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Fixing engagement? Consider employee workload, report says
Achieving optimal workload, however, isn’t just about eliminating work, said a McLean & Co. leader.
By Carolyn Crist • June 18, 2024
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Deep Dive
‘A totally different world’: Autonomous trucks prepare to go driverless in Texas
Trucking Dive rode in a heavy-duty AV and toured Aurora and Kodiak sites to experience the developing technology firsthand.
By David Taube • June 11, 2024
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How climate change is hitting highways
Resilience is a key consideration for road builders amid a slew of new environmental conditions, said a Federal Highway Administration official at the recent 2024 NIBS conference in Washington, D.C.
By Julie Strupp • June 10, 2024
FAQs
What is the future outlook for trucking? ›
Freight Volumes in 2024
Even with consumers under strain, real US retail sales are up 1.8% ytd, and further disinflation helps support our outlook on real income growth. Additionally, intermodal and import volumes are trending positive, which minimally adds to overall surface freight volumes.
Overall, revenue for long-distance freight trucking companies is expected to creep upward at a CAGR of 0.8% during the current period, reaching $280.0 billion in 2024. This includes a 0.3% rise in revenue in that year.
What does the future of trucking look like? ›Future semi-trucks are expected to be all-electric. The gas-guzzling behemoths everyone is used to will become a thing of the past as environmental concerns take hold. The trucking industry is responsible for a huge proportion of the carbon emissions caused by transport across the world.
Is trucking worth it in 2024? ›Because of the aforementioned shortage of drivers, truck driver salary is at a premium. In 2024, drivers can expect to earn an average of $21 per hour, with a medium annual salary of at least $44,000, according to ZipRecruiter.
What is the biggest problem in the trucking industry? ›- Minimizing the cost of fuel. ...
- A critical shortage of drivers. ...
- Adapting to the energy transition. ...
- Finding safe places to park. ...
- Adapting to future urban planning.
In the wake of falling consumption, the industry was left with an oversupply of trucks and sliding sales. JB Hunt, a leading trucking firm, was one of the first to warn of this "freight recession" in 2023. Its problems persisted into 2024, when the firm posted both a profit and sales miss in the first quarter.
What is the freight forecast for 2024? ›The 2024 rate environment will be defined by flat to slow demand growth and continued capacity exits, and industry experts are forecasting a fairly broad range of rate outcomes. Transportation Insights and several others project upwards of 30%-40% growth, whereas ACT Research expects around 20% and FTR just over 10%.
What will replace trucking? ›In a whitepaper, autonomous trucking tech company Aurora believes driverless trucks will reduce emissions and operating costs for fleets. Its technology, Aurora Driver, is a self-driving system designed to operate multiple vehicle types, from freight-hauling trucks to ride-hailing passenger vehicles.
Will trucking become obsolete? ›Some have forecast that autonomous vehicles will eliminate 2-3 million trucking jobs over the next several years. But in looking at the data, we believe that, while the risk of job loss from automation is very real, the projections that often get touted are overstated.
Will truckers ever be replaced? ›We could be only a few years away. In early 2024, one self-driving trucking firm announced they had finalized the design of a self-driving trucking system that could be ready for use by 2027. However, reports show that we won't see self-driving trucks on the road en masse for several years, if not decades.
How much longer will trucking be around? ›
According to the BBC analysis, there is a 50% chance that machines can take over all human jobs in 120 years. But some fields are at greater risk than others. Let's focus on one big one: trucking. Truck drivers may be replaced by automated technology as early as 2027.
Is trucking a good career for the future? ›Path to Advancement: Trucking can pave a road to career growth, from company driver positions to potential management roles or dispatching, maintenance, or safety department jobs.
Is the trucking industry growing or declining? ›Is the trucking industry growing? Yes! Despite the somewhat dismal outlook of the trucking industry through the remainder of 2023, the trucking industry market size is expected to grow at a 3.0% CAGR through 2027. Additionally, truck driver jobs are expected to grow 6% through 2030.
What is the trucking industry forecast for 2025? ›The freight system must accommodate an increase in Page 6 6 Notes on Transportation into the Year 2025 The Potential Impacts of Climate Change on Transportation GDP likely to grow by 84 percent, in 2000 dollars, and that is projected to grow to just over 5 billion ton-miles by 2025—a 29 percent increase.