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Economic trends
Economic trends
Spot van rate hits $3 milestone in December
National average truckload spot van and reefer rates increased for the seventh consecutive month in December.
January 20, 2022
Economic trends
Labor now the 'number one' inhibitor of sagging trailer production
At least one OEM is offering $1,000 sign-on bonuses for all factory workers.
January 12, 2022
Economic trends
Despite ongoing production woes, truck orders hit 365,000 units last year
Carriers have freight to haul and funds available for new trucks, but OEMs can’t build enough.
January 11, 2022
Business
What do trucking conditions look like in 2022? Expert: 'Continued strength in demand'
Jim Nicholson, vice president of operations at Loadsmart (and a former Schneider executive) says the first half of 2022 will be strong, "but there's question marks" beyond that.
January 6, 2022
Economic trends
Trailer orders bounce back as confidence in managing backlog grows
Excluding September, the industry has had an average 1.0% cancel rate on trailer orders since May.
December 22, 2021
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Economic trends
Freight tonnage set to grow nearly 30% over the next decade
ATA expects truck tonnage to grow overall, but trucking's share of freight tonnage to dip.
December 20, 2021
Economic trends
More spot loads moving as capacity loosens
The Port of Houston is a good place to find freight right now.
December 15, 2021
Economic trends
Trucking conditions hit lowest point since July 2020
Rising fuel prices were the biggest reason for the decline, FTR said, as freight rates, volume and utilization remained strong. Also: EPA administrator test drives electric Volvo, Mack trucks; Certain Kenworths, Peterbilts recalled; more.
December 14, 2021
Economic trends
Get ready for a historic boom in the freight industry: Top economist
Semiconductor shortage? Runaway inflation? Driver shortage? Supply chain nightmares? All these issues are simply growing pains of an economy readying for a historic boom, Donald Broughton told CCJ.
December 13, 2021
Economic trends
November truck orders hit 26-year low
October data showed the Class 8 backlog was nearly 281,000 units and at October’s build rate the backlog-to-build ratio was 14.6 months.
December 7, 2021
Business
Trucks moved less tonnage in pandemic-hampered 2020, women trucker count hit all-time high
Trucking moved 10.23B tons of freight in 2020, according to the latest edition of American Trucking Associations’ American Trucking Trends 2021. Also: Shipper Conditions stand pat; Paccar Financial launches used truck site; Michelin raising tire prices.
December 3, 2021
Economic trends
Trucking volumes, pricing fell in October while driver availability improved
ACT Research's monthly For-Hire Trucking Index showed an increase in driver availability. Also: Peterbilt deploying augmented reality tools to service techs; Aon, CarrierHQ partner for Last Mile Delivery insurance offering.
December 1, 2021
Economic trends
Trailer orders slide as ongoing material, labor shortage hamper build rates
Trailer OEMs are rolling unbuilt 2021 orders into 2022 and filling any gaps with new orders.
November 28, 2021
Economic trends
What to expect with diesel prices in the coming months
Depending on the severity of the upcoming winter, diesel prices could continue to increase for the next few months. Prices are expected to fall in 2022, however, as refineries increase production.
November 18, 2021
Economic trends
FTR: Trucking conditions for carriers improved in September
Freight rates strengthened in September, while volume and capacity utilization dipped slightly. Also: Two sentenced in HHG moving scheme; Twelve carriers set to participate in Wreaths Across America convoy to Arlington National Cemetery.
November 18, 2021
Economic trends
Some truck OEMs canceling 2021 truck orders, rebooking for 2022 at a higher cost
With backlogs stretching into the second half of 2022 and still no clear visibility on the easing of the everything shortage, modest October truck order results suggest OEMs are taking cautious approach in managing customer expectations.
November 3, 2021
Economic trends
Spot rates post largest gain in eight weeks as market outpaces seasonal expectations
Truckstop.com rates increased 5 cents to $2.92 per mile. The 7-day national average line-haul rate for van freight increased 3 cents to $2.48 per mile, according to DAT.
November 2, 2021
Business
L.A. ports are just a symptom of a much larger supply chain problem
Industry groups call for transparency, communication among transportation modes.
October 28, 2021
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Business operations
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Economic trends
Spot van rate hits $3 milestone in December
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