In the first and second quarters of 2022, some experts remained optimistic in the face of gathering economic troubles. Now, in the year’s third fiscal quarter, the situation remains troubled at best. Though officials have stopped short of announcing a recession, first and second quarter GDP numbers were in the negative. The

California Governor Gavin Newsom signed Assembly Bill 5 (AB5), commonly known as the “Gig Worker Bill,” into law in September of 2019. This legislation went into effect on January 1, 2020, and required companies that employ independent contractors to reclassify them as fulltime employees. AB5 represents a major shift in employee classification

The impact of California’s Assembly Bill 5 (AB5) on the transport market is a hot topic across the industry as of late. AB5, also known as the “gig worker bill,” requires companies that employ drivers who were one considered contract workers to now be listed as full-fledged employees. For transport companies that

With skyrocketing interest rates, high fuel prices, rampant inflation, and looming recession, has the role of procurement in the transport industry changed? Historically, the performance of procurement professionals has been measured based on cost savings from one period to the next. But savings alone is hardly enough to go by. Isolating and

Rising haul rates, tight capacity, and high fuel prices are creating compression in the current transport market. Large distributors and manufacturers hold a unique position in the transport economy. “There is a driver shortage,” says Scott Oliver, Senior Director of Logistics and Transportation for HP Hood. “Whether rates are going up or

From supply chain interruptions to skyrocketing fuel prices, the world of transportation and logistics has seen some hard times as of late. If you’ve been through the ups and downs of this in industry and could use something to lighten the mood, you’ve come to the right place! Triple T Transport and

Shippers and carriers have more choices than ever when it comes to brokerage services. Modern brokerages fall into 2 main categories: traditional “people first” brokerages, and online digital brokerages. Digital brokerage platforms seem to be the hot new thing in transport, garnering untold venture capital investments and major attention from some of

While talk of recession continues, there’s plenty to feel good about in today’s economy. Consumers have ample savings, and consumer confidence remains high. Since the start of the pandemic, personal consumption has grown at a rate of 6 percent, topping the average annual rate of 4 percent. The construction sector also remains

The cost of doing business in the transport industry has risen substantially in recent months. The price of fuel is up, while line haul rates on are in decline. For these reasons, it seems harder than ever for carriers to make a living or even stay afloat in this field. What are the root

With record-high fuel prices and line haul rates in steep decline, small carriers are feeling the effects of compression in the transport industry. These operations are the hardest hit by the recent trend toward tighter market conditions. Small carriers that have failed to prepare for the harsh realities of today’s transport economy are sure