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Economic trends: Page 16
Indicators
Carriers' conditions improved in December with falling diesel prices
FTR reported other indicators – including freight volume, capacity utilization, and rates – were negative. Also: ATRI wants carrier feedback on marijuana legalization's impact on recruiting; New SVP at Atlas Van Lines; more.
February 16, 2023
Economic trends
Recession likely still inbound in months ahead but freight outlook less pessimistic
Freight brokers near evenly spit on spot rate outlook but far less optimistic on contract rates.
February 13, 2023
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March 1, 2026
Economic trends
Truck orders skid for fourth month in a row
With backlogs already solidifying production slots, it's no surprise that orders have fallen off the torrential pace set late last year.
February 9, 2023
Mergers & Acquisitions
Experts expect M&A in the transportation and logistics industry to thrive in 2023
Despite choppy economic waters in 2022, many M&A deals got done, and that trend is expected to continue in 2023, though the size and structure of deals will differ, along with a shift in the types of company profiles targeted for acquisition.
February 5, 2023
Indicators
Trailer demand surges to record highs
Lower trailer build rates and a jump in end-of-year factory shipments caused inventory levels to drop by 18% month-over-month.
January 27, 2023
Economic trends
Truck tonnage ticked up to close out 2022
ATA reported truck tonnage was up slightly in December, while tonnage for the year increased 3.4% over 2021. Also: Shippers' conditions on the rise; California fleet orders 15 Nikola hydrogen fuel cell trucks; Xcell Logistics opens new Texas warehouse.
January 26, 2023
Economic trends
Supply chain correction helps put the 'worst of the inflation crisis behind us'
The price of lumber is down by roughly two-thirds over the last year, not far from its five-year average. Brent crude too, has fallen by roughly one-third since last summer along with shipping costs. Why? The supply chain adapts and overcomes.
January 18, 2023
Economic trends
Trucking conditions, while improved, remained negative in November
FTR's Trucking Conditions Index showed slight improvement in November. Also: Schneider gets eCascadia in SoCal intermodal operations; FMCSA denies driver's HOS exemption request; Mack unveils refreshed Granite model; Estes opens new Texas terminal.
January 19, 2023
Economic trends
Report forecasts 'surprising' strength in LTL freight for early 2023
Carriers are competing for more limited demand while searching for ways to claw back revenue.
January 18, 2023
Economic trends
Rates end 2022 on a high note, signaling 'bottoming process' underway
While market conditions remain broadly loose, there are increasingly signs of slowing supply – a key to the bottoming process, according to experts.
January 17, 2023
Economic trends
What should carriers expect from dry van and reefer rates in 2023?
After a turbulent year for many carriers working the spot market, it's time to look ahead further into 2023 to get an idea of where rates might go as the year progresses.
January 12, 2023
Economic trends
FTR: Number of carriers will continue to fall as economy cools
“What is likely to happen is that we’re going to have some capacity loss,” Vise says. “As we lose drivers from these carriers that are failing, that is likely to be a driver population that we will lose.”
January 12, 2023
Economic trends
Truck orders end 2022 on sour note, but 'a solid end to a robust final four months of the year'
Large truck orders ended the year down 21% from November but up 25% from last December. Orders for the past 12 months total 302,000 units.
January 10, 2023
Economic trends
Gap between contract, spot rates narrowing
Shippers are trading lower contract rates for giving carriers more loads and better lane density.
January 2, 2023
Economic trends
Truck tonnage saw biggest monthly dip since pandemic began
ATA's Truck Tonnage Index fell 2.5% in November, the biggest monthly decrease since the start of the pandemic. Also: Winter storms prompt HOS waivers in four states; ContainerPort Group announces expansion; USPS plans to add EVs to fleet.
December 22, 2022
Economic trends
Trucking conditions fall to lowest point since April 2020
Sharp increases in fuel and financing costs in October drove FTR's Trucking Conditions Index to its lowest point since the beginning of COVID. Also: Wyoming propane haulers get HOS relief; Volvo, Daimler issue recalls
December 20, 2022
Indicators
Diesel price declines forecast to continue into 2023
Diesel price drops at the pump are expected to continue in 2023 as refinery production increases and wholesale and retail markups decline.
December 18, 2022
Economic trends
Truck orders tumble off record highs but 'resilient'
OEMs having opened their orderboards for 2023 more broadly, and ongoing pent-up demand — with tailwinds from strong carrier profitability and elevated fleet age — is keeping truck orders stoked.
December 6, 2022
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Top Stories
Business
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