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Economic trends: Page 15
Economic trends
Why is diesel getting so much more expensive than gasoline?
Lately, low inventories and worries about a harsh winter have caused a simmering panic to drive the price difference between gas and diesel well above norms. But for decades, diesel reliably cost less than gas.
November 29, 2022
Economic trends
Tesla's Musk says Semi passes 500-mile, 81K test
With just days until initial deliveries begin, Tesla CEO Elon Musk says the electric Semi can do 500 miles at 81,000 pounds. Also: Averitt Express expands; ACT Research believes the rate bottoming process is underway; ATRI seeks input on predatory towing.
November 29, 2022
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July 7, 2025
Economic trends
Rail strike would 'immediately disrupt' fuel, DEF supply
With a Dec. 9 strike deadline set, railroads plan to stop taking hazardous materials, including fuel, next week.
November 28, 2022
Economic trends
Truck tonnage saw significant drop in October
According to ATA, the 2.3% month-over-month decrease from September to October was the biggest monthly drop since the start of the pandemic. Also: HHG company foreman sentenced in racketeering scheme.
November 28, 2022
Indicators
Trailer orders surging as some component constraints stabilize
Backlog levels jumped 13% on the increased orders after a downward trend for most of the year.
November 25, 2022
Economic trends
Shippers' conditions saw sharp decline in September
Even though trucking conditions deteriorated in September, conditions for shippers were even worse, according to FTR. Also: Saia awards $75,000 in scholarships; Penske opens first LEED-certified, full-service facility in Ohio.
November 23, 2022
Economic trends
Rail strike back on the table, this time for December
The U.S. narrowly avoided a potentially disastrous rail strike in September, but it now looms over early December.
November 21, 2022
Economic trends
Trucking conditions tumbled in September
Rising fuel prices, weak rates and rising inflation led to a drop in trucking conditions in September, according to FTR. Also: Autonomous trucking firm Waabi unveils self-driving tech; Atlas Van Lines names new president and COO.
November 18, 2022
Economic trends
Trucking in 2023: Recession uncertain, driver shortage shows balance
A recent CCJ webinar, sponsored by Bestpass, discussed the market forces, business conditions and supply chain issues that will impact carrier operations in 2023.
November 11, 2022
Economic trends
Truck orders continue to reflect fleets' thirst for newer trucks
Pent-up replacement demand remains in the market thanks to a complicated new truck production cycle that has limited many fleets from replacing aged equipment for the past two years.
November 4, 2022
Economic trends
Diesel fuel supply 'vulnerably stable,' widespread shortage unlikely
The Energy Information Administration announced last week that distillate levels are at their lowest point since 2008, but that was coming out of peak demand, and we're currently headed into increased demand.
November 1, 2022
Outlook and Benchmarking
What does 2023 hold for trucking?
How will the economy, mid-term elections and the truck market impact your business in 2023?
October 31, 2022
Economic trends
Shippers Conditions improved in August with favorable freight conditions
FTR said that while demand, capacity, utilization, and freight rates were mildly favorable for shippers in August, the biggest factor boosting the shipper environment was falling diesel prices. Also: Kenworth T680 set to haul U.S. Capitol Christmas Tree.
October 31, 2022
Economic trends
U.S. economy going into a recession 'early next year'
Experts agree the likelihood of a recession early next year is high but they expect it to be short and mild, and underlying indicators suggest it might not be that bad for trucking.
October 27, 2022
Economic trends
FTR's Trucking Conditions returned to nearly neutral in August
Falling diesel prices in August helped conditions for carriers improve slightly, with conditions held back by financing costs. Also: Paccar recalls 76,000 trucks over freezing digital dash display.
October 25, 2022
Economic trends
Truck freight bounced back slightly in 2021 from 2020
Trucks moved 10.93 billion tons of freight in 2021, up from 10.23 billion tons the previous year. Also: Truck tonnage up a half-percent in September over August; U.S. Bank reports freight volumes slid in third quarter.
October 20, 2022
Economic trends
FTR's Eric Starks offers positive outlook for trailer sector at NTDA Convention
Business might not feel as great today as it did 12 months ago, but that doesn’t mean a recession is underway. And even one does arrive in 2023, Starks said FTR data indicates the trailer market should still be healthy in the months and years to come.
October 13, 2022
Economic trends
Trucking employment numbers take a dive, per BLS
The Bureau of Labor Statistics' monthly Jobs Report showed trucking lost more than 11,000 jobs last month. Also: Averitt recognized for sustainability efforts; FMCSA denies request for pulsating brake light exemption for all trucks.
October 10, 2022
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