This is in stark contrast to last year
when according to the Bureau of Labor Statistics, heavy and tractor-trailer truck drivers earned a median of $40,260 a year compared to the national median household income of $56,516 at the time. Increased wages are an effort to
slow the growing driver shortage across the country. The American Trucking Associations reports that the industry currently needs 25,000 more drivers to meet demand with that number expected to grow as capacity in truck tonnage is expected to increase 27 percent by 2027. Higher wages and various bonuses
seem to be helping. The industry added headcount for the fourth straight month in October, bringing 3,000 jobs onto payrolls, according to the Department of Labor.
FAST DELIVERIES COST AMAZON BIG
Amazon.com's fourth quarter
may suffer due to increased shipping costs this holiday season. The company offers free deliveries to Prime members, sometimes as quickly as one hour after ordering. Prime customers pay a $99 annual fee, but that may not be enough to offset delivery costs as online orders increase for the holidays, when ship- ping could top the $3.9 million spent in Amazon’s third quarter.
Amazon.com reported a 43%
increase in shipping costs in its third quarter and a shipping revenue increase of 44% to help recoup those costs. While UPS is preparing for more than 700 million package deliveries between Thanksgiving and New Year’s Eve, up 14% from last year,
Amazon.com is also projected to increase volume this sea- son. Amazon’s CFO Brian Olsavsky said that the company has leased 40 planes, bought truck trailers, and worked with shipping partners globally to prepare for the jump in delivery capacity. Preparations that will be needed
as Amazon continues to promote Prime Now, a one-to-two hour delivery
ARKANSAS TRUCKING REPORT | Issue 6 2016
promise that already exists in 40 cities around the world. Industry experts say these last-mile deliveries that the Prime Now service offers are often the most expensive because efficient routes and unwasted trailer space are hard to coor- dinate in the last mile.
ARCBEST EARNS ATA EXCELLENCE IN SECURITY AWARD The American Trucking
Associations recognized ABF Freight with the 2016 Excellence in Security Award for exceptional security practices for a record eighth time. ABF Freight received the award during the ATA Safety Management
Council and Transportation Security Council’s Safety, Security and Human Resources National Conference and Exhibition on Oct. 26 in Oklahoma City.
“Winning this award in record
back-to-back years is a testament to the resolve of our team,” ABF Freight President Tim Thorne said. “Our employees honor the trust our cus- tomers have in ABF Freight to handle their cargo with the highest standards of safety and security. We are again grateful to the American Trucking Associations for recognizing their efforts as exceptional.” “Our entire operation is built on
the notion of zero defects, particu- larly where the security of shipments are concerned,” said Sam Cates, ABF Freight director of safety and security. “It begins with a strong emphasis on our quality process and continues with ongoing training and assessment of results. We are extremely proud of this recognition by our peers at the ATA.” ATR
©2014 Regions. Regions Insurance is an affiliate of Regions Bank. Products and services are offered by Regions Insurance Inc. and underwritten by unaffiliated insurance companies.
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