4. Artificial Intelligence
Artificial intelligence (AI) influences our personal lives, businesses and industries by transforming the way we live today. However, AI has already been making a positive impact i
3. PGT Growth
Despite economic uncertainty and rising operating costs, PGT continues to grow, making strategic investments across the country to better support our customers and fleet of Proud P
2. Motor Carrier Operating Costs
According to the American Transportation Research Institute (ATRI)*, the cost per mile to operate a truck increased 29.0% between 2020-2023. Insurance premiums grew by 12.5% in the
1. Insurance
The trucking industry continues to experience increasing insurance rates, due in part to the rise in nuclear verdicts. A nuclear verdict is defined as a court decision of $10 milli
6. Equipment
Carriers are struggling to acquire and maintain equipment, forcing them to run high mileage units longer. Truck and trailer payments increased by 18.6%, and the industry still face
5. Economy
For the 12 months ended May 2023, the annual inflation rate in the U.S. dropped to 4.0%, a positive sign following two years of rapidly rising costs. In June 2023, the Federal Rese
4. Independent Truck Drivers
There are approximately 350,000-400,000 Owner-Operators, or Independent Contractor Truck Drivers, in the U.S. These drivers value their flexibility, choosing the hours, freight, an
3. Truck Parking
For more than a decade, lack of available truck parking has been a primary concern for truck drivers, negatively impacting the transportation industry and supply chain. Truck drive
2. Infrastructure
The trucking industry moves 10.93 billion tons of freight in the U.S., which is estimated to increase 1.4% per year through 2050. Despite this growth, the country’s infrastructur
1. Sustainability
Freight transportation continues to be a leading contributor of carbon emissions in the U.S., responsible for over half of the nitrogen oxide total emissions inventory in the count