Category: Operations

McLeod: Tangle of trends is changing trucking

Shifts in freight patterns due to e-commerce and non-compliance with ELD mandate are two big near-term issues, says founder of McLeod Software.

ATLANTA. Tom McLeod, founder, president, and CEO of McLeod Software, is fond of saying that, “one of the more immutable laws of the universe is that we reap what we sow.&rdquo And at least from his perspective, motor carriers will need to do an awful lot of reaping based on the amount of change now rapidly occurring in the trucking industry.

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Love’s buys Speedco

The acquisition will add 52 trucking service and lube locations to the Love’s truck stop network.

Love’s Travel Stops & Country Stores has hammered out a deal to purchase Speedco, a national network of service locations that provides quick lube and inspection services to truckers, from tire maker Bridgestone Americas – a transaction subject to the usual regulatory approvals and certain other closing conditions, Love’s noted.

Financial data regarding the deal wasn’t disclosed.

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Love’s buys Speedco

The acquisition will add 52 trucking service and lube locations to the Love’s truck stop network.

Love’s Travel Stops & Country Stores has hammered out a deal to purchase Speedco, a national network of service locations that provides quick lube and inspection services to truckers, from tire maker Bridgestone Americas – a transaction subject to the usual regulatory approvals and certain other closing conditions, Love’s noted.

Financial data regarding the deal wasn’t disclosed.

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Perry: Hurricanes will reduce U.S. GDP 0.5%

Economist Noël Perry predicts truck freight volumes in the southeast will be off 25% in the short term due to the two hurricanes, Harvey and Irma.

Although it’s too early to collect data regarding the economic impact from Hurricane Irma, which hit Florida this week, using the fallout from Hurricane Harvey’s impact on Texas, Noël Perry, a partner at research firm FTR Transportation Intelligence and senior economist for Truckstop.com, sees significant impact on truck freight volumes ahead.

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