May 7 - Equipment: What fleets are buying and why

Old Dominion to invest $605M in trucks, service centers as volumes trend up; JB Hunt doubles up on trailers, containers to meet shipper demand; A dip in chips slows truck production; Enticing truck drivers with cabs built for comfort View online | Signup | Forward

Daily Dive May​ 7,​ 2021 | Today's news and insights for transport leaders   BROUGHT TO YOU BY — Transport Dive's studioID The Use of Fleet Management Tech in 2021 For a $10 gift card, share your thoughts on fleet management solutions and key areas of improvement in this new survey.   Note from the editor Capex, capex, capex. As the biggest fleets on the stock exchange release Q1 financial results, capital expenditure has emerged as a recurring theme — and it's all the more interesting in the current trucking environment. Most fleets, including Old Dominion Freight Line, have cited volume surges and the need to expand capacity as justifications for shopping sprees. Then, there's Yellow (formerly YRC), whose total tonnage actually decreased in Q1. Its procurement push is for other reasons. But no matter why fleets are buying tractors, there might be a bit of a delay. The semiconductor shortage is holding up production — Schneider's CEO said it's about six weeks behind on receiving truck deliveries. Today's newsletter is all about equipment: Who's buying what, why they're buying it and when might it arrive. How are you approaching equipment this year? Send me an email, and let me know. Take care, S.L. Fuller Editor, Transport Dive Twitter | Email Was this email forwarded to you? Sign up here. Yellow to buy thousands of tractors, trailers as federal loan runs dry The $700 million loan is helping the firm, formerly known as YRC, carry out its "One Yellow" strategy, which aims to make its cost structure competitive with other LTLs. Old Dominion to invest $605M in trucks, service centers as volumes trend up The carrier is having more difficulty hiring drivers than in the past, the CEO said, but he emphasized it is not capacity constrained JB Hunt doubles up on trailers, containers to meet shipper demand Injecting equipment into the supply chain could ease capacity, though the COO said trucking faces the most challenging driver market in decades. A dip in chips slows truck production Semiconductor shortages strain OEMs at a time when fleets need trucks. Enticing truck drivers with cabs built for comfort One Daseke company lets drivers be part of the truck-selection process — a unique approach to recruitment and retention that works, the COO said. Location, location, location: Smart trailers put transport firms in the know Transport leaders are either on a march toward technology adoption and integration, or they're on a march to being out of business, one executive said. Read more news What We're Reading TechCrunch Autonomous trucking startup Einride raises $110M ahead of expansion into US Reuters Nikola may seal order for 100 EVs from port trucking firm Land Line California Trucking Association to request rehearing over AB5 Transport Topics Plus Hires Former FMCSA Official Wiley Deck CNN One year after the worst jobs loss on record, millions of Americans remain out of work Suggest a story we should read Dive Into a Topic Technology Regulatory Workforce Safety Operations Equipment Infrastructure Share Transport Dive: Daily Dive with others and get rewarded. You've referred 0 readers. To become an official Dive Insider, just successfully refer 10 contacts to Transport Dive: Daily Dive. Here's your link to share: https://www.transportdive.com/signup/insiders/?signup_referred_by=5f93078d7aa51972095c9316

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