Author: Vitaliy Dadalyan

Muncie Power welcomes new sales manager

Muncie Power Products, Inc. introduced zone sales manager Brian Burt, the company's new sales team member for the Northeast.

Burt came to Muncie Power Products in April 2017 with a background in fluid power and sales experience. He will serve the company's channel partners within New York, New Jersey, New Hampshire, Rhode Island, Maine, Massachusetts, Vermont and Connecticut.

read more

...Read the rest of this story

Economic Watch: Employment Growth Remains Strong

The number of job gains showed no signs of easing up in June, as the Labor Department reports strong additions, with hiring better than previously estimated.

There were 222,000 non-farm jobs added last month, far better than a consensus estimate from analysts. The unemployment rate was little changed at 4.4% as more people looked for jobs.

Despite the overall gain in June, for-hire trucking shed 1,400 jobs in June. The wider transportation and warehousing sector added 2,400 jobs, due mainly to gains in couriers/messengers and passenger transportation.

The department also revised upward the performance of job gains in May and April, reflecting an additional 47,000 jobs for the two months combined.

Unemployment is down half a percent from a year ago – double that when including sources of hidden unemployment such as discouraged workers, according to Nathan Janzen, senior economist at RBC Economics Research.

“Wage growth has moderated somewhat year-to-date but ticked higher in June, with an increasingly tight labor market arguing more gains are on the way."

“Wage growth has moderated somewhat year-to-date but ticked higher in June, with an increasingly tight labor market arguing more gains are on the way,” he said. “On balance, the labor force data continues to suggest that the economy is having little difficulty absorbing Federal Reserve [interest] rate hikes to-date and should provide additional confidence that more are warranted.”

Overall in June, employment rose in the health care, social assistance, financial activities, and mining sectors. Employment growth has averaged 180,000 per month so far this year, in line with the average monthly gain of 187,000 in 2016.

Wells Fargo Securities noted in the goods sector, manufacturing employment posted a small gain, while hiring in construction was up a solid 16,000 jobs, likely reflecting some seasonal improvement.

“Our outlook remains for a rebound in real gross domestic product growth in the second quarter ...Read the rest of this story

AscendTMS launches commission system for TMS Software

InMotion Global, Inc. announced that AscendTMS has released a new commission and branch split management system available for TMS software.

The new module is provided as an included feature of the Premium AscendTMS subscription. It allows carriers and freight brokers to setup and manage a variety of sales commission and branch split programs, along with full commission overrides on a load-by-load basis, the company noted.

read more

...Read the rest of this story

TCA Launches Profitability Program

The Truckload Carriers Association has launched the TCA Profitability Program, designed to help carriers increase profitability and lower risk profiles.

The TCA Profitability Program combines the TCA's best practice groups with the inGauge benchmarking platform. Through the three-tiered system, carriers can choose exactly how much time and resources they want to dedicate to the program, with plans ranging from snapshot composites to full online access and bi-annual meetings.

The first tier is called Digital Composite Lite and it requires the least commitment from a carrier. By Inputting a small subset of information into the inGauge platform, carriers receive a limited snapshot of critical data points from other carriers in their segment of the industry to which they can compare themselves.

The second tier is called FastStart and provides full access to the inGauge platform. Carriers input full revenue, expense, and operational lines, which the platform then standardizes and creates an action plan. Whereas the first tier provides a snapshot of data, this second tier includes a full digital composite for the carrier's segment of the industry.

The final tier is aimed at carriers that are committed to being top performers in the trucking industry. Best Practice Groups are the foundation from which the TPP is formed, with six groups and sixty carriers already active. This tier includes all of the features of inGauge that the FastStart users can access, but with the additional benefit of peer-to-peer, bi-annual group meetings. These sessions provide opportunities for carriers to share ideas that make their businesses successful.

For more information on the TCA Profitability Program, click here.

Related: TCA Launches Accreditation Program to Foster Professional Development

Follow @HDTrucking on Twitter

...Read the rest of this story

One Stop Truck & Trailer Parts Joins Power Heavy Duty

Power Heavy Duty has announced the addition of One Stop Truck and Trailer Parts as its newest member company.

Located in Homestead, Fla., the company is owned by Monica and Albert Bayona and serves a large customer base of local owner-operators and fleets within a 50-mile radius of Homestead. The location carries an extensive inventory of heavy-duty truck and trailer parts.

“Our family-owned business has more than 45 years of experience in service, sales, and parts for the trucking industry,” said Bayona. “Our tractor parts sales have continued to grow with an expanding inventory to supply the local market.”

Power Heavy Duty is a network of independent distributors and service specialists with more than 200 locations in the U.S. and Canada. Mark Iasiello, general manager of Power Heavy Duty explained that the addition of One Stop Truck and Trailer Parts provides the group with a strategic location in an underserved area south of Miami.

“In addition, One Stop Truck and Trailer Parts is an important location because it is the last truck parts store going south to the Florida Keys and the first stop heading north,” said Iasiello.

Related: Power Heavy Duty Network Adds 1 & 9 Chrome Shop

Follow @HDTrucking on Twitter

...Read the rest of this story