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Economic trends: Page 18
Regulations
Impossible task: ATA says 460,000 trucks needed to offset effect of potential rail strike
The trucking industry is freight rail’s largest customer and delivers the last mile of virtually every product transported by rail.
September 9, 2022
Economic trends
Despite widespread economic headwinds, truck orders persevere
Order intake suggests demand still strong, but production challenges barely chipping away at backlog.
September 7, 2022
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January 4, 2026
Technology
Investing in a SaaS-based TMS could reduce costs long term
TMS providers urge carriers to invest in SaaS-based model, which they say can help save money amid the squeeze of mounting financial pressures created by inflation and a softening freight market.
September 6, 2022
Economic trends
Truck tonnage down in July after June increase
ATA's Truck Tonnage Index fell 1.1% in July after rising by 0.5% in June. Also: Universal Logistics Holdings subsidiary joins Teamsters; Electric yard tractor manufacturer Orange EV has expanded its yard truck rental program.
August 25, 2022
Economic trends
Trucking conditions negative for second straight month
FTR's Trucking Conditions Index fell from -0.3 in May to -3.36 in June. Also: Ascend names new President of Distribution and Dedicated; Kenworth T680s recalled over fuel tank issue; medium-duty Macks recalled; Hub Group acquires TAGG Logistics.
August 23, 2022
Economic trends
Trailer orders dip, but production improving
Overall demand for new equipment remains exceptional and is expected to remain strong as carriers are still in need of new equipment to supplement their replacement cycles.
August 17, 2022
Economic trends
Shippers Conditions fell in May due to higher diesel, tighter capacity
The outlook for FTR's Shippers Conditions Index is for little change, as utilization and rates are expected to remain mildly unfavorable for shippers. Also: Nominate a driver for Pilot's Road Warrior award.
July 28, 2022
Economic trends
Freight volumes, rates dipped in June
ACT Research's For-Hire Trucking Index for June showed an increase in trucking capacity and a decrease in freight volumes and rates. Also: Yellow opens a new Driving Academy in Detroit; Amazon begins rolling out custom electric Rivian delivery vehicles.
July 25, 2022
Economic trends
Trailer orders skyrocket as backlog pushes into early 2023
OEMs are holding onto 'an enormous amount' of fleet commitments for 2023, but unstable commodity costs and other variables make quoting prices difficult.
July 24, 2022
Economic trends
Trucking authority revocations paint seemingly bleak but misleading picture
Expert says contract pricing is more than 50 cents per mile above the previous 2018 record high, "and poised to go higher."
July 21, 2022
Economic trends
Trucking conditions fell back negative in May
Then-record diesel prices offset a freight market that was slightly stronger in May than in April, FTR reports. Also: FMCSA hosting info session on under-21 pilot program; former Daimler CEO joins AI Fleet's Board of Directors; more.
July 21, 2022
Economic trends
ATA reports truck tonnage up 8% year-over-year
ATA's advanced seasonally adjusted For-Hire Truck Tonnage Index increased 2.7% in June after rising 0.3% in May. Also: TuSimple partners with Hegelmann in autonomous network development; U.S. Xpress sees benefits in DClimate APU partnership.
July 20, 2022
Economic trends
ATA calls on Congress to address inflation | Truckers protest AB 5 at Calif. ports
ATA Chairman Harold Sumerford Jr. urged members of the House to address areas of inflationary pressure on the trucking industry. Also: California-based owner-operators are protesting AB 5 at the state's ports; Cummins names new president, CEO; more.
July 15, 2022
Economic trends
Inflation surges to new high, small fleet per-mile profits turning negative
Inflation reaches record levels, again, and the operating profit among small fleets has slid as much as 66 cents per mile.
July 13, 2022
Economic trends
Truck orders 'quite solid' despite ongoing assembly challenges
Class 8 orders have totaled 260,000 units over the last 12 months.
July 6, 2022
Economic trends
Report: Trucking costs soaring
Truckload carriers shouldered a 10.2% jump in cost, according to the report, while LTL carriers were hit for an extra 13.2%.
June 21, 2022
Economic trends
Trailer orders flat under warnings of potential recession, driver surplus
The current inflation-driven economic slowdown is somewhat unique given healthy consumer and business balance sheets, strong employment demand and pent-up manufacturing sector activity.
June 14, 2022
Economic trends
Truck orders slide, but seasonally a 'surprise'
Truck orders are entering a seasonally weak time of year as OEMs typically have yet to open build schedules for next year.
June 7, 2022
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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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