J.B. Hunt boosts driver wages, Texas constructs new truck parking

CVSA's hazmat inspection results, J.B. Hunt's driver wages, and Texas's incoming parking spots made headlines this week.
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Here are the headlines from this week in trucking:

CVSA reports results from hazmat inspection blitz

The Commercial Vehicle Safety Alliance (CVSA) conducted a five-day hazardous materials inspection and enforcement initiative in early June, with inspectors completing more than 4,000 inspections in the U.S. and 900 in Canada from June 8-12.

About 14% of the hazmat vehicles inspected were placed out of service. The top violation categories were shipping papers, placards and labels, and cargo securement.

J.B. Hunt plans another $25 million in driver spending

J.B. Hunt Transport Services (No. 4 on the FleetOwner 500: For-Hire) told investors it plans to spend an additional $25 million on driver-related initiatives this quarter.

The carrier previously warned investors that it would need to increase spending on drivers as the pool of available commercial driver’s license holders remains constrained.

Other public carriers that made similar announcements last quarter included Schneider National and Werner Enterprises. Averitt Express also announced higher pay for regional and less-than-truckload drivers in July.

Texas is adding 175 parking spots on I-30

A truck parking project in Texas is starting construction in October. The $10 million project will add 175 parking spots to a segment of Interstate 30 in Bowie County, about two hours east of Dallas.

A weigh station reconstruction project in Titus County, right next to Bowie County, will also add 50 additional truck parking spots.

Last week’s dry van and refrigerated spot rates increased

Average broker-posted spot rates decreased overall last week, according to analysis from FTR Transportation Intelligence, mainly due to a significant drop in flatbed rates. Dry van rates increased 5.5 cents to $2.77 per mile, refrigerated rates increased 2.7 cents to $3.63 per mile, and flatbed rates fell 5.7 cents to $3.26 per mile.

Diesel prices continue to climb

To no one’s surprise, the average on-highway diesel price rose by 32 cents to $6.285 per gallon, according to weekly data from the Energy Information Administration (EIA), or up to $6.40 according to the latest data from AAA. The Iran War continues.

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