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Indicators: Page 6
Indicators
ATA: Truck tonnage in 2023 saw 'worst' year since 2020
ATA's Truck Tonnage Index fell 1.7% in 2023 from the previous year, the first year with an annual decline since 2020. Also: Ruan names new executive VP; Empire Freight Logistics acquired; former U.S. Xpress exec named Sheer Logistics CEO.
January 25, 2024
Economic trends
Heavy truck production rates likely to drop near-term
The convergence of continued strong build rates, a fading U.S. tractor sales trend, and early in the year sales seasonality risk a Class 8 inventory surge early this year.
January 15, 2024
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February 19, 2025
Economic trends
A stagnant freight environment is expected to continue throughout 2024
FTR Transportation Intelligence's outlook for the freight market in 2024 is stable with “very incremental improvement."
January 3, 2024
Economic trends
Truck tonnage fell in November
ATA's Truck Tonnage Index saw a 1% decrease in November from October. Also: FTR reported its Trucking Conditions Index improved in October from September due to falling fuel prices; fleet collects, delivers Toys for Tots.
December 21, 2023
Economic trends
Truck orders reach heights not seen in 13 months
A slight year-over-year increase in orders in November shows a market that is still performing at a high level historically.
December 11, 2023
Indicators
Shippers' conditions flipped positive in September
Improving diesel prices helped flip FTR's Shippers Conditions Index from negative to positive for September. Also: I-94 enforcement blitz ongoing in Michigan; new compliance service from J.J. Keller; FedEx delivering Christmas trees to military families.
November 29, 2023
Indicators
Trucking conditions remain difficult despite September improvement
FTR reported an improvement in its Trucking Conditions Index in September compared to August, but the market still remains "quite tough" for carriers. Also: Mack expands BEV fleet management program; Kenworth launches 100th anniversary video series.
November 22, 2023
Indicators
Conditions for shippers fell negative in August
For the first time since October 2022, FTR's Shippers Conditions Index had a negative reading. Also: Ritchie Bros. announced dates for annual Orlando auction; Mack recalling certain LR refuse trucks.
October 31, 2023
Indicators
ACT Research data suggests gradually improving freight market
The latest release of ACT Research’s For-Hire Trucking Index shows continued improvement in freight volumes, pricing and driver availability. Also: Two more individuals sentenced in New Orleans staged-accident scheme; Frito-Lay recognizes safest drivers.
October 26, 2023
Indicators
Fuel prices, weak freight volume hurt carriers significantly in August
FTR's Trucking Conditions Index fell further into negative territory in August. Also: Trucker Path app adds safety features for women truckers; Saia awards 20 scholarships to employees, dependents; Allison Transmission names new authorized distributor.
October 20, 2023
Indicators
Trucking conditions improved but remained negative in July
FTR noted a large number of small carriers leaving the industry in recent months, with those drivers mostly being absorbed by large carriers. Also: Port operators get to test zero-emission trucks; Coke Canada debuts first VNR Electric in fleet.
September 22, 2023
Indicators
Truck tonnage mostly flat from July to August
ATA's seasonally-adjusted Truck Tonnage Index was just 0.2% higher in August than July and down 2.3% from August 2022. Also: TA partners with Universal Technical Institute to train diesel, auto techs; FTR webinar to provide food industry update.
September 21, 2023
Economic trends
Low diesel fuel inventories, volatile pricing likely to boost carrier exits
The current mismatch of crude for refiners suggests lower prices for gasoline lie ahead, but higher prices for diesel – likely the tipping point in accelerating a trucking capacity rebalancing.
September 20, 2023
Economic trends
New truck orders remain below replacement levels, used inventories climbing
Total Class 8 orders for the previous 12 months have equaled 294,000 units.
September 11, 2023
Economic trends
Trucking conditions, tonnage hauled both declining through summer
FTR's Trucking Conditions Index was down in June from May, while ATA's Truck Tonnage Index fell in July from June. Also: FMCSA exploring new study on safety impacts of detention time; UPS Teamsters ratify new national contract.
August 24, 2023
Economic trends
Trailer build rates remain strong in the face of economic headwinds
Production begins to outpace order volume as seasonal slump settles in.
August 22, 2023
Companies
How a Yellow bankruptcy would influence freight, used truck markets
If Yellow's 15-year flirtation with bankruptcy ends, it would spell higher rates for LTL carriers and pockets of the spot market, and put sought-after late model used equipment in the market.
August 3, 2023
Companies
UPS set to return to negotiating table with Teamsters next week
The company said it's looking "to resolve the few remaining open issues" with Teamsters members. Also: Truck tonnage, revenue, employment all increased in 2022; June tonnage increased over May, but still down from last June; more.
July 20, 2023
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