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Economic trends: Page 14
Business
Cost of trucking hit record high last year, passes $2/mile for the first time
Marginal costs for trucking companies ballooned 21.3% last year over 2021 to $2.251 per mile, surpassing the $2 per mile mark for the first time in the history of ATRI’s operational cost report.
June 21, 2023
Economic trends
Report finds healing supply chain has been costly
Road freight, the largest chunk of logistics spending, saw little change in overall volume last year but capacity increased sharply and sent rates sliding.
June 20, 2023
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January 13, 2026
Freight demand
Freight cycle near bottom
That spot rates have largely held onto the gains from Roadcheck suggests the freight market is close to its balance.
June 14, 2023
Economic trends
Spot market at bottom, contract projected to continue falling: FTR
The spot market is at the bottom and may have already turned the corner upward. The bad news? It's at the bottom. More from FTR's "State of Freight" presentation/discussion.
June 9, 2023
Used trucks
'This is a bad year' for used trucks
The first six months of the year haven't been a lot of fun for anyone selling a truck, but some measure of stabilization could be around the corner.
June 9, 2023
Indicators
Class 8 truck orders reverse negative course
Despite freight volatility, fleet demand for equipment does not appear to be waning.
June 6, 2023
Economic trends
Will debt ceiling drama be avoided?
The U.S. owes more than $31 trillion. Just like many households have mortgages, car notes and credit cards, the U.S. government also carries debts that allow it to pay for programs and services for Americans.
May 26, 2023
Indicators
Trucking conditions still loose, but rebalancing is underway
ACT Research reported freight volumes, rates and capacity continued to decline in April, but the supply-demand rebalancing has begun. Also: Florida HHG mover pleads guilty to scheme charges; autonomous firm Kodiak adds new VP of Safety.
May 26, 2023
Indicators
April marked lowest month for truck tonnage since September 2021
ATA's Truck Tonnage Index hit its lowest level in nearly two years in April. Also: FedEx launches new sustainability tracking tool; Digital freight network Convoy joins Volvo autonomous program.
May 25, 2023
Technology
Technology drives major increase in double-brokering scams
Double-brokering scams were up over 100% coming out of the fourth quarter of 2022 and into the first quarter of 2023. Here's how the industry is responding.
May 23, 2023
Indicators
Conditions for carriers continued to fall in March
FTR reports lower fuel costs and slightly stronger utilization partially offset a more negative rate environment as spot rates continued to deteriorate. Also: NTTC names annual top driver; ATA seeks industry image award nominations; more.
May 23, 2023
MarketPulse
Rate pressure, operating costs continue to thwart a trucking recovery
Age rather than size dictates the likelihood of carrier failures, says Jason Miller, Michigan State market expert. Watch his trucking prognostication based on a fresh set of data in this month's episode of CCJ MarketPulse.
May 22, 2023
Economic trends
Roadcheck expected to 'help usher in a new freight cycle'
Dry van rates have declined in nine of the past 10 weeks but this week's Roadcheck likely will prompt an about-face.
May 16, 2023
Indicators
Truck orders fall for sixth time in seven months
There still are indications that fleets are requesting equipment, and there has been no notable uptick in cancellations.
May 7, 2023
MarketPulse
Manufacturing slowdown, interest rates continue to squeeze freight market
Is trucking near the bottom of the soft freight cycle? Michigan State's transportation expert Jason Miller shares his thoughts on this month's episode of CCJ MarketPulse.
April 24, 2023
Economic trends
ATA: Truck tonnage in March saw biggest monthly decline since April 2020
A 5.4% decline in ATA's seasonally-adjusted Truck Tonnage Index was the largest since the beginning of the pandemic. Also: Recalls hit 45K International trucks, Volvo and Nikola electric trucks, and hundreds of Daimler trucks; Coca-Cola Canada adds EVs.
April 19, 2023
Economic trends
Trucking conditions fell in February with weak freight rates, volume
FTR's Trucking Conditions Index fell farther into negative territory in February. Also: TuSimple gets 'OK' from international autonomous safety auditor; Penske Truck Leasing opens new Alabama facility; Estes names two new VPs.
April 18, 2023
Economic trends
Truck orders fall for fifth time in six months, sales pace 'unsustainable' in current freight environment
While recent orders have softened, fleets continue to request equipment, and quote activity has been in line with past seasonal behavior.
April 5, 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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Mergers & Acquisitions
Koch doubles its nationwide square footage with SOS acquisition
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