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Economic trends: Page 11
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
Freight demand
Truck tonnage dipped in September after slight August gain
ATA's Truck Tonnage Index fell 1.1% in September from August. Also: ATA announces leadership team changes; NMFTA names new COO; Logistics One expands 3PL, opens new service and repair center; J.B. Hunt awards scholarships.
October 25, 2023
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Technology
Tech that helps small to mid-size carriers fight against a volatile economy
The freight market will see slow growth over the next year. These three technologies can help carriers survive and even thrive in a stagnant economy.
October 23, 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
Freight demand
ATA economist issues dire prediction for spot market carriers
ATA's Bob Costello said freight recovery will come from supply correction before increased freight demand.
October 17, 2023
Economic trends
Weaker consumer demand, oversupply of capacity likely to drag into next year
In its first ever Holiday Outlook Report, Motive looks at the current State of Freight and State of Retail as we enter peak freight season with predictions for what to expect this holiday season and heading into 2024.
October 15, 2023
Used trucks
How long will used trucks be a buyer’s market?
Used truck sales are more than a function of how well new trucks are selling.
October 10, 2023
Economic trends
FTR's Starks says trailer market correction incoming in 2024
A throttling down of trailer production is coming. FTR CEO Jonathan Starks says the only question is when will it occur?
October 5, 2023
MarketPulse
Will the Grinch spoil trucking's busiest freight season?
Large carriers hint at optimism, but indexes and spot market metrics tell a different story.
September 25, 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
Maintenance
Parts and labor costs begin to show improvement
Combined parts and labor costs for the top 25 VMRS codes fell 1.3% in the second quarter from the first, and labor costs decreased for the first time in the past year.
September 18, 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
More carriers are exiting the market as excess capacity keeps rates low
There are some positive indicators that improvement is coming to the freight market. More carriers are exiting the market, and more and in greater numbers are expected to follow suit, if you can even really call that good news.
September 8, 2023
Load bidding and contracts
Historical data helps small fleets plan for more profitable loads
Advanced freight booking and fleet management platform SmartHop launches its inaugural monthly profitability report highlighting hot markets and profitable lanes to help small fleets compete against bigger players.
August 29, 2023
MarketPulse
'Soft' trucking conditions likely for at least another year
Historical trends suggest trucking conditions will remain soft through at least mid-2024.
August 29, 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
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