$755 Million Truck Parking Bill
August 4th, 2022
Did you know that, according to an American Transportation Research Institute study, truck drivers spend an average of 60 minutes a day looking for parking?
A committee within the House of Representatives recently approved a $755 million bill to fund new projects within the Truck Parking Safety Improvement Act, including additional parking capacities and a variety of other helpful amenities for drivers.
“When you’re doing the same lane, or the same route, you get to know the trends. For example, the Petro in Gary, IN is usually full by 6:30, so I need to be there around 5:30. But when you’re traveling through places you’ve never been before, it can pose a real challenge.”
“There are times where you pull into a place to park and it’s full, and depending on how much drive time you have left on the day, it can add a lot of unneeded stress to your day. Those are the nights you end up sleeping on the side of the road, or an on-ramp.”
“This is long overdue,” said committee chairman Peter DeFazio, D-Ore. “It’s one solution to try to make the lives of drivers safer and less stressful and perhaps allow for more driver retention. This will really help improve the efficiency of trucking.”
On Wednesday, the original bill was amended so that the funds would not be used for electric vehicles or electric vehicle charging.
The Effects of High Fuel Prices
July 27th, 2022
Everyone has their opinions on today’s gas prices.
For some transportation companies, they’re great. For others, it’s killing them. At the heart of this conversation are “fuel surcharges,” and how carriers use them to stay protected from such hikes in fuel prices.
A fuel surcharge is defined as a separate, additional fee added above the current contract rate when the cost of fuel exceeds a defined level. The most commonly used formula for calculating a fuel surcharge is based on three variables: a base fuel price, base fuel mileage, and the source and interval of the current fuel price. When a surcharge is calculated accurately, it not only protects the carrier but the shipper as well.
In standard truckload contract negotiations, the shipper publishes a fuel surcharge schedule along with their request for lanes to be serviced. The carrier offers a bid, given the lane and fuel surcharge economics. In some situations, a carrier will offer their own fuel surcharge schedule.
“The companies who operate with bigger/fancier rigs, which tend to get less miles to the gallon, are struggling compared to those who drive more efficient trucks. At the end of the day, it comes down to management and how you want to run your business.”
Side note – a few quick and easy ways to conserve fuel include:
- Maintaining a slower speed on the road
- Turning your truck off at appropriate times
- Keep idling to an absolute minimum
- Pre-cool/warm your bunk beforehand
At the end of the day, all motorists have felt the pain of high gasoline prices. Many may not know that they’re also absorbing the impact of much costlier diesel fuel. That’s because the variety of goods consumers buy are delivered by trucks, trains or ships that run on diesel. Those inflated prices are then passed on from company to company until they reach consumers in the form of costlier goods.