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Economic trends: Page 16
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
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January 4, 2026
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
Economic trends
Trucking equipment demand high despite booming interest rates
Carrier profits are the critical element in vehicle demand, and while profits next year are anticipated to be lower truckload net margins are projected to be the fourth best on record.
December 6, 2022
Regulations
Bill to avoid rail strike passes, heads to Biden's desk
The Senate on Thursday voted 80-15 to impose the tentative agreement brokered in September by the Biden administration, a day after the House passed the same measure.
December 1, 2022
Economic trends
House passes bill to avoid rail strike
The trucking industry is among the legions of concerned parties that have called on Congress to help avoid a rail worker strike that President Joe Biden says "would devastate our economy."
November 30, 2022
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
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
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