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CCJ Top 250
Indicators: Page 14
Economic trends
Rates end 2022 on a high note, signaling 'bottoming process' underway
While market conditions remain broadly loose, there are increasingly signs of slowing supply – a key to the bottoming process, according to experts.
January 17, 2023
Economic trends
FTR: Number of carriers will continue to fall as economy cools
“What is likely to happen is that we’re going to have some capacity loss,” Vise says. “As we lose drivers from these carriers that are failing, that is likely to be a driver population that we will lose.”
January 12, 2023
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October 1, 2026
Economic trends
Truck orders end 2022 on sour note, but 'a solid end to a robust final four months of the year'
Large truck orders ended the year down 21% from November but up 25% from last December. Orders for the past 12 months total 302,000 units.
January 10, 2023
Economic trends
Trucking conditions fall to lowest point since April 2020
Sharp increases in fuel and financing costs in October drove FTR's Trucking Conditions Index to its lowest point since the beginning of COVID. Also: Wyoming propane haulers get HOS relief; Volvo, Daimler issue recalls
December 20, 2022
Economic trends
Truck orders tumble off record highs but 'resilient'
OEMs having opened their orderboards for 2023 more broadly, and ongoing pent-up demand — with tailwinds from strong carrier profitability and elevated fleet age — is keeping truck orders stoked.
December 6, 2022
Economic trends
Trucking equipment demand high despite booming interest rates
Carrier profits are the critical element in vehicle demand, and while profits next year are anticipated to be lower truckload net margins are projected to be the fourth best on record.
December 6, 2022
Economic trends
Tesla's Musk says Semi passes 500-mile, 81K test
With just days until initial deliveries begin, Tesla CEO Elon Musk says the electric Semi can do 500 miles at 81,000 pounds. Also: Averitt Express expands; ACT Research believes the rate bottoming process is underway; ATRI seeks input on predatory towing.
November 29, 2022
Economic trends
Trucking conditions tumbled in September
Rising fuel prices, weak rates and rising inflation led to a drop in trucking conditions in September, according to FTR. Also: Autonomous trucking firm Waabi unveils self-driving tech; Atlas Van Lines names new president and COO.
November 18, 2022
Economic trends
Trucking in 2023: Recession uncertain, driver shortage shows balance
A recent CCJ webinar, sponsored by Bestpass, discussed the market forces, business conditions and supply chain issues that will impact carrier operations in 2023.
November 11, 2022
Economic trends
Truck orders continue to reflect fleets' thirst for newer trucks
Pent-up replacement demand remains in the market thanks to a complicated new truck production cycle that has limited many fleets from replacing aged equipment for the past two years.
November 4, 2022
Economic trends
Diesel fuel supply 'vulnerably stable,' widespread shortage unlikely
The Energy Information Administration announced last week that distillate levels are at their lowest point since 2008, but that was coming out of peak demand, and we're currently headed into increased demand.
November 1, 2022
Economic trends
U.S. economy going into a recession 'early next year'
Experts agree the likelihood of a recession early next year is high but they expect it to be short and mild, and underlying indicators suggest it might not be that bad for trucking.
October 27, 2022
Economic trends
FTR's Eric Starks offers positive outlook for trailer sector at NTDA Convention
Business might not feel as great today as it did 12 months ago, but that doesn’t mean a recession is underway. And even one does arrive in 2023, Starks said FTR data indicates the trailer market should still be healthy in the months and years to come.
October 13, 2022
Economic trends
Trucking employment numbers take a dive, per BLS
The Bureau of Labor Statistics' monthly Jobs Report showed trucking lost more than 11,000 jobs last month. Also: Averitt recognized for sustainability efforts; FMCSA denies request for pulsating brake light exemption for all trucks.
October 10, 2022
Economic trends
September truck orders 'sensational,' record-breaking
The strength in orders reflects OEMs having fully opened their order boards for 2023 a bit earlier than normal.
October 5, 2022
Freight demand
Unlike prior storms Hurricane Ian delivers 'more regional impact' on loads and rates
Preexisting market conditions help turn Category 4 Hurricane Ian into more of a regional event as national freight averages remain 'virtually unchanged.'
October 4, 2022
Business
Conditions for carriers improved in July
FTR reports trucking conditions remained negative despite gains from June. Also: Freight volumes were flat in August while utilization was down; TLSS has acquired New Jersey-based Freight Connections.
September 23, 2022
Economic trends
Truck tonnage rebounds in August after dip in July
ATA's For-Hire Truck Tonnage Index rose 2.8% in August after decreasing 1.5% in July. Also: FMCSA to study how drivers engage with autonomous trucks; Volvo to begin customer testing of hydrogen fuel-cell trucks in Europe in 2025.
September 22, 2022
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