Hot Sheet
A Publication of the Colorado Motor Carriers Association
December 21, 2021
Happy Holidays
 
The CMCA Office will be CLOSED
Dec. 24th - Dec. 27th 
and
Dec. 31st - Jan 3rd
for the holidays!
Upcoming 2022 Calendar:
 
Unless otherwise noted, these classes and meetings will take place in-person pending any changes in COVID regulations.
 
Jan 6 - Safety Management Council Meeting (12:30-1:30pm)
 
Jan 11 - Allied Meeting (11:30am-12:30pm)
 
Jan 13 - Annual DOT Inspection (8am-Noon).  Are you looking for a ZOOM class in the New Year? Take this class virtually and register here. 
 
Jan 15 - Brake Certification (9am-Noon)
 
Feb 10 - DOT Safety & Compliance Essentials (8am-4:30pm)
 

 

Tips for Growing or Selling Trucking & Logistics Companies

By Wm. Lee Merritt and Kate Loughran

Bridgepoint Investment Banking

 

As we all know, demand for transportation services is at an all-time high, and market demands show little signs of slowing down in the near term. To meet this demand, trucking and logistics companies are growing via acquisition and by infusing growth capital to meet their goals for recruiting, retention, operations and expansion.

 

Whether our members are planning to expand their company and/or need access to capital to achieve their goals, or they are contemplating the potential sale of your company, the factors considered by acquirors and financial partners are similar. The purpose of this short article is to provide some insight into these factorsRead More...

Recorded Webinar: Elevate Your Fleet With RNG

Using Renewable Natural Gas at Altitude
Recording now available HERE.

 

Presented by the Colorado Motor Carriers Association, a Redmark partner

 

On December 15th, we heard from industry experts about the incentives, infrastructure, and technologies available to help fleets use renewable natural gas.

In this webinar, presented by the Colorado Motor Carriers Association, speakers from Cummins, CMCA, X3CNG, Waste Management, UPS, and more will address common concerns about RNG.

 

Topics included fueling infrastructure, tax credits and incentives, engine technologies, and vehicle performance. Local fleet managers will share their own experience of using natural gas vehicles for all types of operations, including in Colorado’s mountain terrain.

So just in case you missed it, the recording of this webinar is now ready to view.

Meera Joshi to Leave FMCSA for NYC Role

 

Courtesy Transport Topics

FMCSA Deputy Administrator Meera Joshi has been selected by New York City Mayor-elect Eric Adams to be that city’s deputy mayor for operations, a move that spells the end of Joshi’s nomination to become leader of the federal safety agency.  Read More...

Plan Ahead!

 

Watch your emails and the CMCA website for the Safety Awards Nominations and Ray Smith Scholarship Applications coming in early January.

 

The Ray Smith Scholarship offers funding for both academic and technical training – all graduating seniors or current students are welcome to apply.

 

The Fleet Safety, Driver of the Month and Safety Professional of the Year applications will also be posted soon.  Nominate your company, drivers and safety personnel!

 

Save the Dates!

* Safety Awards Banquet – Friday, April 8, 2022 – Doubletree by Hilton
* TopTech Competition – Saturday, April 23, 2022 – Lincoln Tech
* Truck Driving Championships – Saturday, June 4, 2022 – Adams County Fairgrounds
* Annual Convention – September 29 – October 1, 2022 – Grand Hyatt Vail

ATA Freight Forecast Shows Freight Recovering from Pandemic-Induced Dip
After 2020 Decline, Freight Expected to Grow by 7.4% in 2021

 

Arlington, Virginia – Today, the American Trucking Associations released its annual look at the future of the freight economy – U.S. Freight Transportation Forecast 2021 to 2032 – showing a strong rebound and continued growth for freight demand this year and into the future.

“With a focus on the supply chain this year, it is key we understand that among the many stressors on the system, the simple growth in freight demand and the economy is a significant factor,” said ATA Chief Economist Bob Costello. “After falling 6.8% in 2020, freight volumes are set to surge 7.4% this year – and we will see continued growth in freight demand across all modes for the foreseeable future.”

Some key findings of this year’s Forecast:

  • Total freight tonnage will grow from an estimated 15.1 billion tons in 2021 to 19.3 billion tons in 2032 – a 28% increase.
  • While truck’s share of the freight tonnage will slowly decline from 72.2% in 2021 to 71% in 2032 – overall volumes will grow across all segments of the industry: truckload, less-than-truckload and private carrier. Truck tonnage should grow from 10.23 billion tons this year to 13.7 billion tons in 2023.
  • The total revenue derived from primary freight shipments in the U.S. will increase from an estimated $1.083 trillion in 2021 to $1.627 trillion in 2032.


“Trucking is continuously looking forward, and Freight Forecast is a tremendous tool for industry leaders and policymakers to see what the future holds for the transportation sector,” said ATA President and CEO Chris Spear. “Forecast is an indispensable resource for anyone interested in understanding not just the trucking industry, but the entire freight economy.”

U.S. Freight Transportation Forecast 2021 to 2032 is available for purchase at www.atabusinesssolutions.com.

I-70 Glenwood Canyon Emergency Project, week of Dec. 20-24th

Crews completed the concrete paving pour on Thursday, Dec. 16 for the eastbound lanes. It is anticipated that eastbound lanes will be fully open to traffic on Tuesday, Dec. 20.

 

Currently there are no overnight closures anticipated on the project for the end of this week, over the weekend or through the holidays. Crews in Glenwood Canyon will suspend work in observance of the holidays from Thursday, Dec. 23-Sunday, Jan. 2 returning on Monday, Jan. 3. In order to maintain a safe working environment, work is weather dependent.

 

Debris removal of the Concrete Box Culvert (CBC) at MP 124.5/Wagon Gulch location continues.

 

Motorists planning to travel on I-70 in Glenwood Canyon should pay attention to road conditions on cotrip.org and weather forecasts. Rest area and recreation path information is also available at cotrip.org. I-70 safety closure information can be found on CDOT’s website by clicking here

 

 
 

Columbine Street between 45th and 46th North avenues will be closed from Saturday, Dec. 18 through Thursday, Dec. 23 for utility work. Use York and Josephine streets to detour.

 

Construction activities will halt at noon on Thursday, Dec. 23 for the holiday and will resume on Tuesday, Jan. 4. Long-term closures will remain in place.

 

As COVID-19 regulations lift, the Central 70 Project will be hosting both virtual and in-person office hours. Find us in the community by checking the Project’s community outreach calendar.

The Voice of Colorado's Trucking Industry
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