ACT1

In the insightful quarterly issue of ACT1 member BMO U.S. BMO Financial Group's 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘜𝘱𝘥𝘢𝘵𝘦: 𝘛𝘳𝘶𝘤𝘬 𝘛𝘳𝘢𝘯𝘴𝘱𝘰𝘳𝘵𝘢𝘵𝘪𝘰𝘯, BMO researchers summarize:

"For-hire carriers continue to grapple with the dual challenges of excess capacity and a sideways freight environment. The over-capacity condition continues to move in a healthy direction, with private fleet expansion long in the tooth and the weakest for-hire carriers continuing to leave the market. That said, the rebalancing process has been drawn out longer than prior cycles. Multi-year low freight rates and elevated operating expenses have been partially offset by the cushion of excess profits generated during the post-COVID freight boom and benign fuel prices over the past year. While Darwin continues to work on the capacity issue, a durable improvement in the macro landscape, the freight cycle, and eventually carrier profits will hinge on the pace of the well-telegraphed Fed easing cycle. In that regard, BMO economists have recently raised their forecast for the remainder of this year to cuts totaling 75 basis points and another 50 during the 1st quarter before easing into a cadence of 25 per quarter for a total of 200 bps by the end of 2025."

Read more: https://zurl.co/O0tq

We ❤️ to see ACT1 member Bendix Brakes making a positive impact on the world around them!

https://zurl.co/RkRx

Our September 𝗧𝗥𝗨𝗖𝗞𝗜𝗡𝗚 𝗧𝗥𝗔𝗜𝗟𝗕𝗟𝗔𝗭𝗘𝗥 is ACT1 Member U.S. Legal Services and Business Development & Marketing Executive Anne-Marie Forbes Lynn. Anne-Marie is instrumental in steering U.S. Legal Services' growth and solidifying its position as a leading provider of legal benefit plans. She has expanded their client base through the successful pe*******on of new markets, and she’s increased customer retention through tailored legal solutions.

U.S. Legal Services makes legal representation more affordable and accessible by offering 📌 the 𝗠𝗼𝘀𝘁 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗹𝗲𝗴𝗮𝗹 𝗽𝗹𝗮𝗻𝘀 in the industry, 📌 a 𝗠𝗮𝗻𝗮𝗴𝗲𝗱 𝗯𝗲𝗻𝗲𝗳𝗶𝘁, not a referral service, and 📌 a 𝗙𝗹𝗲𝘅𝗶𝗯𝗹𝗲 𝗱𝗲𝗱𝘂𝗰𝘁𝗶𝗯𝗹𝗲 𝗺𝗼𝗱𝗲𝗹.

Read our full post on LinkedIn: https://zurl.co/R41H

Celebrate the truck drivers in your life!

ACT1 is a proud premier sponsor of American Trucking Associations’s annual 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗧𝗿𝘂𝗰𝗸 𝗗𝗿𝗶𝘃𝗲𝗿 𝗔𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗪𝗲𝗲𝗸. Join us September 15-21 as we celebrate the 3.6 million professional truck drivers coast to coast.

The trucking industry is responsible for the safe delivery of ✔ 71.4% of the country’s total freight tonnage and more than ✔ 80% of U.S. communities rely exclusively on truck drivers to deliver their goods and commodities.

Learn how to support the trucking community: https://lnkd.in/esaZgsA

ACT1 is a proud sponsor of American Trucking Associations’ September 18th webinar on 𝘈𝘤𝘩𝘪𝘦𝘷𝘪𝘯𝘨 𝘛𝘳𝘶𝘤𝘬𝘪𝘯𝘨 𝘓𝘦𝘨𝘪𝘴𝘭𝘢𝘵𝘪𝘷𝘦 𝘢𝘯𝘥 𝘙𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘖𝘣𝘫𝘦𝘤𝘵𝘪𝘷𝘦𝘴 𝘈𝘮𝘪𝘥𝘴𝘵 𝘢 𝘛𝘶𝘳𝘣𝘶𝘭𝘦𝘯𝘵 𝘗𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭 𝘌𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵.

As Congress returns for its final sprint before another historic election in November, please join ATA’s Chief Advocacy & Public Affairs Officer Ed Gilroy and members of ATA’s advocacy team for an in-depth discussion on how we intend to navigate this turbulent political environment and achieve our legislative and regulatory objectives.

Numerous ATA priorities, ranging from reforming the credentialing process to cracking down on cargo theft, are before Washington policymakers, and we are determinedly working to advance these initiatives. We will also explore the ways in which ATA is preparing for all possible contingencies in the midst of an evolving 2024 election landscape, a transitioning administration, and potentially new congressional leadership next year.

Topics will include:

✅ The Final Countdown – Agenda for the end of the 118th Congress and previewing the next Congress
✅ Taxmageddon – Strategizing for tax reform + highlighting a recent tax victory
✅ Highway Robbery – Legislative and regulatory efforts to crack down on cargo theft

Join on the 18th by registering here: https://zurl.co/pxem

Our September 𝗧𝗥𝗨𝗖𝗞𝗜𝗡𝗚 𝗧𝗥𝗔𝗜𝗟𝗕𝗟𝗔𝗭𝗘𝗥 is ACT1 Member DriverReach and Founder . DriverReach is a leader in providing modern recruiting and compliance solutions for the trucking industry. Our innovative platform ✅ 𝘀𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝘀 𝘁𝗵𝗲 𝗵𝗶𝗿𝗶𝗻𝗴 𝗽𝗿𝗼𝗰𝗲𝘀𝘀, ✅ 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝘀 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲, 𝗮𝗻𝗱 ✅ 𝗵𝗲𝗹𝗽𝘀 𝗰𝗮𝗿𝗿𝗶𝗲𝗿𝘀 𝗮𝘁𝘁𝗿𝗮𝗰𝘁 𝗮𝗻𝗱 𝗿𝗲𝘁𝗮𝗶𝗻 𝘁𝗼𝗽 𝗖𝗗𝗟 𝗱𝗿𝗶𝘃𝗲𝗿𝘀 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁𝗹𝘆. By leveraging cutting-edge technology, DriverReach empowers transportation companies to navigate the complexities of recruiting and compliance in a digital age.

Read our full post on LinkedIn: https://zurl.co/9rap

Congratulations on ACT1 member Love's Travel Stops' ❤️ 10th Anniversary ❤️ and acquisition of the U.S. freight factoring portfolio of REV Capital! We're looking forward to all of the great things to come!

Love’s grows financial services business with factoring acquisition Adds 500+ freight factoring customers from REV Capital’s U.S. transportation book of business

ACT1 is a proud supporter of the Trucking Cares Foundation and their work to support those in need while also shining a deserving light on the giving spirit of our great industry.

Recently, TCF donated $25,000 to TAT Nonprofit, formerly known as Truckers Against Trafficking, as part of TCF’s ongoing support of the effort to end human trafficking. TAT educates, equips, empowers, and mobilizes members of the transportation industry to identify and rescue victims of these heinous crimes.

To date, nearly 2 million transportation and law enforcement professionals have received TAT training.

Read TCF’s full press release: https://zurl.co/kpuT

Our August 𝗧𝗥𝗨𝗖𝗞𝗜𝗡𝗚 𝗧𝗥𝗔𝗜𝗟𝗕𝗟𝗔𝗭𝗘𝗥 is ACT1 Member and Sales Director . The Eaton Cummins Joint Venture was formed in 2017 and provides customers with industry-leading transmission technologies and solutions that deliver best-in-class fuel efficiency, performance, and uptime while leveraging both Cummins’ and Eaton’s global service and support networks. Eaton Cummins Automated Transmission Technologies leverages the technical strengths and experience of two industry leaders with long histories and deep industry expertise to ✅ 𝗱𝗲𝘀𝗶𝗴𝗻, ✅ 𝗮𝘀𝘀𝗲𝗺𝗯𝗹𝗲, ✅ 𝘀𝗲𝗹𝗹, and ✅ 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 the trucking industry with premium products and services.

Read our full post on LinkedIn: https://www.linkedin.com/feed/update/urn:li:activity:7234202379791794176

ACT1 on LinkedIn: #truckingindustry #trucking #fuelefficiency #transmissiontech… Our August 𝗧𝗥𝗨𝗖𝗞𝗜𝗡𝗚 𝗧𝗥𝗔𝗜𝗟𝗕𝗟𝗔𝗭𝗘𝗥 is ACT1 Member Eaton Cummins Automated Transmission Technologies and Sales Director Christopher…

Proud of our ACT1 Member Goodyear on their Corporate Responsibility goals progress! Read their full report on LinkedIn: https://zurl.co/A3pb