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Economic trends: Page 13
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
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January 4, 2026
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
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
Economic trends
A little bit of trucking history and perspective
An outdated growth strategy in the truckload segment has caused the capacity imbalance that we're currently living with.
August 21, 2023
Economic trends
Freight market poised for growth next year
With the loss of capacity and leveled-off consumer spending, among other economic factors, the freight market has been "stagnant," but it is forecast to slowly rebound starting next year.
August 20, 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
Economic trends
Freight shipments, spending see steepest drop since early pandemic
In the second quarter, truck shipments dropped 9% nationwide and as much as 27% regionally.
August 1, 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
Economic trends
Loose capacity could absorb effects of 'highly disruptive' UPS strike
Unless a looming strike of more than 340,000 UPS workers and drivers drags on for several weeks, truckload and LTL carriers are unlikely to see any effects.
July 5, 2023
Indicators
Shippers' conditions expected to continue positive trend
After gaining gaining nearly three points in April, FTR's Shippers Conditions Index is expected to remain positive for at least the next 12 months. Also: Trucker in I-95 bridge collapse lost control, NTSB said; Volvo, Freightliner recalls.
July 4, 2023
MarketPulse
Freight rates continue to fall, but have they found the floor?
2022 import levels were a decade off historical trends and their return to pre-COVID levels has been "painful for carriers."
June 26, 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
Abilene Motor Express folding into Swift Transportation
Business
Quantix partnering with liquid bulk haulers MC Tank Lines, Leahy Transport
Mergers & Acquisitions
Koch doubles its nationwide square footage with SOS acquisition
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