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Economic trends: Page 12
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
Pay and benefits
New year brings new per diem pay option at CCJ Top 250 carrier
GP Transco has begun enrollment for the new pay option for drivers that will roll out in January 2024 as a means to keep more money in drivers' pockets as cost of living increases has many looking for per diem in other places.
December 18, 2023
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January 13, 2026
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
Freight demand
Truck tonnage ticked up in October
ATA reported a 1.1% increase in October, which followed a 1.1% decrease in tonnage hauled in September. Also: Trucking Cares Foundation makes $20K donation to Texas driving school.
November 23, 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
Truck, trailer orders closing the year on strong trend
Strength in certain segments, like vocational trucks and van trailers, help prop up order numbers.
November 20, 2023
Freight demand
Truck freight volumes to grow over the next decade
Overall truck tonnage expected to grow from an estimated 11.3 billion tons this year to 14.2 billion tons in 2034.
November 9, 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
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
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
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Technology
Court halts NYSTA surcharge on commercial trucking toll management service providers
The court's rulings pause the implementation of the surcharge and allow Bestpass by Fleetworthy and PrePass to continue their participation in NYSTA’s existing Standard Commercial Charge Account program while the court reviews legal and procedural issues related to the authority's newly established program.
Business
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Business
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