Industry trends/analysis
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Changes to the FMCSA SMS system?
Back in 2018, the FMCSA released a report indicating how they planned to reform the current Compliance, Safety, Accountability program (CSA). Last week they finally announced some proposed changes to the system for the public to weigh in on. Here are some of the proposed changes: FMCSA also created a new website, Compliance Safety Accountability […]
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Proposed House Bill Offers Recruiting and Retention for Truck Drivers
A couple of weeks ago, House Representatives Dusty Johnson (R-SD) and Jim Costa (D-CA) introduced the Safer Highways and Increased Performance for Interstate Trucking (SHIP IT) Act. Johnson and Costa say the proposed bill will: ATRI’s annual top 10 list has listed the driver shortage for as long as I can remember. Maybe providing a […]
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Microsoft 365 – Getting More for Your Investment
This blog was authored by my colleague Grant Rolfes – Assurance Manager Transportation companies have continued to grow accustomed to the ever-changing landscape of the industry. From additional regulations, staffing challenges, and a volatile interest rate environment, many companies are looking for solutions to increase the efficiency of their organizations. One tool that may be […]
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Critical Issues Identified by the Industry
The American Transportation Research Institute (ATRI) recently released their report, “Critical Issues In the Trucking Industry – 2022”. As stated in the report, a list of issues were first identified by stakeholders with ties to the motor carrier industry and from there ATRI conducted a survey distribution to over 25,000 contacts. As you consider this […]
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Thank You to our Truck Drivers
Though the appreciation started well before it was nationally recognized, this week marks the 24th National Trucking Driver Appreciation week. We simply want to take a moment and sincerely recognize the 3.6 million professional truck drivers across the country. The past 12 months have been some of the busiest times this industry has faced, but […]
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Fuel Card Fraud – Are You Reviewing Your Activity?
It’s always Interesting how fraudsters continue to find new ways to commit theft, and often times it’s linked to something that’s going on in the economy. In the last couple of weeks, we have received notice from a couple of trucking companies, that outside parties have stolen their fuel card credentials, and used them to […]
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Is a Strong Balance Sheet a Risk to Your Business?
As part of the continued web series, “In the Hot Seat with Tenney Group”, I was invited to discuss a variety of issues around the risks of a strong balance sheet and the value of Quality of Earnings engagements, all with a focus around insight and perspective to transportation business owners. Please check out our […]
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Consider Your Leverage
For asset-based carriers trucking is usually a high leverage business. It involves constant equipment trade cycles that often requires financing to be able to afford the costs or protect cash reserves. With inflation and technological improvements, we have seen equipment costs rise and expect that trend to continue. Why do I mention this? Because interest […]
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Solutions for your Workforce Challenges
Throughout the COVID-19 pandemic, small- and mid-market companies faced increased financial and operational concerns that have ranged from liquidity needs, compliance, and debt obligations to loss of production and supply chain disruption. However, when addressing workforce concerns, organizations that offer their employees the following have consistently emerged as better prepared to weather the uncertainty of […]
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Driver Pay Continues to Soar
Demand for truck capacity remains high and critical to the overall efficiency to the supply chain, yet the shortage of qualified drivers remains. In an attempt to promote hiring and retention and combat this issue, a major trucking company in the US just released the most significant pay increases in company history for their drivers […]