{"id":1263,"date":"2015-01-09T10:02:38","date_gmt":"2015-01-09T15:02:38","guid":{"rendered":"http:\/\/www.xtl.com\/?p=1263"},"modified":"2020-08-31T20:26:57","modified_gmt":"2020-08-31T20:26:57","slug":"2014-year-review-trucking-industry","status":"publish","type":"post","link":"https:\/\/www.xtl.com\/portal\/2014-year-review-trucking-industry\/","title":{"rendered":"2014 Year in Review in the Trucking Industry"},"content":{"rendered":"<p>Wow, what a year of extremes we had in 2014!\u00a0 As we begin 2015 this article is a look back on the highs and lows of 2014, an extremely volatile year.<\/p>\n<h2>The price of fuel<\/h2>\n<p>The price of fuel peaked at a National Average of just over $4.00 US per gallon and finished the year dropping to 3.21 per gallon, a price not seen since 2010 as we were coming out of the economic collapse of late 2008.<\/p>\n<p><a href=\"https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/fuel-graph-2014.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1264 alignnone\" src=\"https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/fuel-graph-2014.png\" alt=\"fuel graph 2014\" width=\"552\" height=\"488\" srcset=\"https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/fuel-graph-2014.png 552w, https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/fuel-graph-2014-300x265.png 300w\" sizes=\"auto, (max-width: 552px) 100vw, 552px\" \/><\/a><\/p>\n<h2>Freight Volumes<\/h2>\n<p>The year opened with a bang! Transcore reported that their freight index was the highest ever, it peaked in April, but has since declined to slightly below 2012, and 2013 volumes for the month of December 2014.<\/p>\n<h2>Regulatory<\/h2>\n<ul>\n<li>In 2010, the U.S. Environmental Protection Agency and the National Highway Traffic Safety Administration announced joint greenhouse gas emissions standards and fuel efficiency standards for medium- and heavy-duty engines and vehicles, applicable to model-year 2014 vehicles and engines.<\/li>\n<li>After a strong stance on the latest HOS regulations, on December 16, 2014 FMCSA suspends the enforcement of 49 CFR 395, regarding the restart of a driver\u2019s 60 or 70 hour limit restart that drivers were required to comply with since July 1 2013.<\/li>\n<\/ul>\n<h2>Biggest News Stories<\/h2>\n<ul>\n<li>The driver shortage was by far the biggest story of 2014.\u00a0 A combination of a booming economy, aging\/retiring workforce and Hours of Service regulations that restricted capacity; everyone was feeling the pinch of more freight than they had drivers to move.<\/li>\n<li>Extreme weather events:\u00a0 the year started out with a massive ice storm the hindered transportation and left hundreds of thousands of people without power.\u00a0 Late 2014 the Buffalo area was hit with a massive snow storm that closed down all major highways leading to the border for several days causing a major transportation disaster.<\/li>\n<li>The Canadian dollar has slowly been declining with the price of oil, as Canada\u2019s resource based economy is highly dependent on commodity prices.\u00a0 The year started off with a 91 cent dollar that fell to 86 cents by the end of 2014.\u00a0 If this continues it should effect the balance of trade and mean more southbound truck traffic to the US.<\/li>\n<li>In part because of the dollar, and in part because of falling price of oil, the balance of trade with the US has experienced wild swings.\u00a0 Making transborder logistics unpredictable.<\/li>\n<\/ul>\n<h2>The Canadian Dollar<\/h2>\n<ul>\n<li>The Canadian dollar has slowly been declining with the price of oil, as Canada\u2019s resource based economy is highly dependent on commodity prices.\u00a0 The year started off with a 91 cent dollar that fell to 86 cents by the end of 2014.\u00a0 If this continues it should effect the balance of trade and mean more southbound truck traffic to the US.<\/li>\n<\/ul>\n<h2>Balance of Trade with the US<\/h2>\n<ul>\n<li>In part because of the dollar, and in part because of falling price of oil, the balance of trade with the US has experienced wild swings.\u00a0 Making transborder logistics unpredictable.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/balance-of-trade.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-1265 alignnone\" src=\"https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/balance-of-trade.png\" alt=\"balance of trade\" width=\"873\" height=\"446\" srcset=\"https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/balance-of-trade.png 873w, https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/balance-of-trade-300x153.png 300w, https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/balance-of-trade-768x392.png 768w\" sizes=\"auto, (max-width: 873px) 100vw, 873px\" \/><\/a><\/p>\n<h2>Outlook for 2015?<\/h2>\n<p>Let\u2019s hope for the best, but many of the issues that caused uncertainty in the industry are going to be around for 2015.\u00a0 The driver shortage is not going away any time soon, the price of oil remaining low could have significant effects on the economy and freight patterns, but one ill political situation in an oil producing country could cause oil to dramatically rise to more recent high prices.\u00a0 As global warming increases over time, the weather situation will only get worse.<\/p>\n<p>This is what makes trucking and logistics a challenge for everyone who works in the industry.\u00a0 This year in 2015 XTL is celebrating 30 years in the business.\u00a0 XTL has been navigating the ups and downs of the transportation industry for 30 years.\u00a0 We certainly know how weather troubling times and uncertainty.\u00a0 If you need help with your trucking and logistics systems, XTL can certainly help you.\u00a0 Contact us to put our years of experience to work for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wow, what a year of extremes we had in 2014!\u00a0 As we begin 2015 this article is a look back on the highs and lows of 2014, an extremely volatile year. The price of fuel The price of fuel peaked at a National Average of just over $4.00 US per gallon and finished the year dropping to 3.21 per gallon, a price not seen since 2010 as we were coming out of the economic collapse of late 2008. Freight Volumes &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.xtl.com\/portal\/2014-year-review-trucking-industry\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;2014 Year in Review in the Trucking Industry&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1264,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-versions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2014 Year in Review in the Trucking Industry - XTL Transport Inc.<\/title>\n<meta name=\"description\" content=\"Wow, what a year of extremes we had in 2014! 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As we begin 2015 this article is a look back on the highs and lows of 2014, an extremely volatile year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.xtl.com\/portal\/2014-year-review-trucking-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"XTL Transport Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-09T15:02:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-31T20:26:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.xtl.com\/portal\/wp-content\/uploads\/2015\/01\/fuel-graph-2014.png\" \/>\n\t<meta property=\"og:image:width\" content=\"552\" \/>\n\t<meta property=\"og:image:height\" content=\"488\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Palmer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Palmer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/\"},\"author\":{\"name\":\"Palmer\",\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/#\\\/schema\\\/person\\\/e19aec78d13d2e5973905854774d5579\"},\"headline\":\"2014 Year in Review in the Trucking Industry\",\"datePublished\":\"2015-01-09T15:02:38+00:00\",\"dateModified\":\"2020-08-31T20:26:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/\"},\"wordCount\":634,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/wp-content\\\/uploads\\\/2015\\\/01\\\/fuel-graph-2014.png\",\"articleSection\":[\"English Versions\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/\",\"url\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/\",\"name\":\"2014 Year in Review in the Trucking Industry - XTL Transport Inc.\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/2014-year-review-trucking-industry\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/wp-content\\\/uploads\\\/2015\\\/01\\\/fuel-graph-2014.png\",\"datePublished\":\"2015-01-09T15:02:38+00:00\",\"dateModified\":\"2020-08-31T20:26:57+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.xtl.com\\\/portal\\\/#\\\/schema\\\/person\\\/e19aec78d13d2e5973905854774d5579\"},\"description\":\"Wow, what a year of extremes we had in 2014! 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