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Economic trends: Page 18
Economic trends
Despite softening spot rates and spiking fuel, signs point to strong freight market
Low truck and trailer cancelations and a rebound in consumer spending paint a rosy picture for freight movement long term.
April 27, 2022
Economic trends
Cross-border truck freight picked up in February
The U.S. DOT reported a 16.3% year-over-year increase in U.S.-Canada and U.S.-Mexico cross-border freight in February. Also: Two individuals sentenced in New Orleans staged-accident fraud scheme.
April 22, 2022
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February 19, 2025
Economic trends
Truck tonnage continues upward trend
ATA's seasonally adjusted For-Hire Truck Tonnage Index increased by 2.4% in March. Also: Shippers conditions fell sharply in February; four more individuals plead guilty in New Orleans staged-accident fraud scheme targeting trucking companies.
April 21, 2022
Economic trends
Spot load postings down about 9% last week, rates slide by widest mark this year
A 9% decrease in total load postings to Truckstop.com was the largest drop of the year.
April 20, 2022
Economic trends
Contract rates set record while spot rates slide
Shippers last month paid historically high prices to ensure that more of their loads moved under a longer-term contract.
April 18, 2022
Economic trends
Trucking conditions up in February but projected to turn negative in March
A strong freight market helped spur FTR's Trucking Conditions Index to a slight increase in February despite rising fuel costs, but soaring costs in March are expected to send the index negative for the first time since 2020.
April 18, 2022
Economic trends
Trailer orders hit 15 month high as 2022 is basically sold out
March trailer orders reached its highest level since December 2020, according to preliminary data compiled by ACT Research. Also: Fleetrite has expanded its retail footprint to 31 Navistar dealerships.
April 14, 2022
Economic trends
Spot load volumes suffer atypical seasonal dip
Pre-pandemic, an early-April drop in spot load volume was practically unheard of, but it now seems part of the new normal.
April 13, 2022
Economic trends
Truck orders have varied less than 400 units per month this year
Backlog-to-build ratios are essentially double normalized levels.
April 5, 2022
Economic trends
Used truck prices increased in February despite growth in sales
Used Class 8 retail sales volumes were 16% higher in February than in January, according to ACT Research, while prices also jumped 7%. Also: International trucks, Great Dane trailers recalled; Penske Truck Leasing opens new Tampa location.
March 29, 2022
Economic trends
OEM order control keeps trailer orders mostly flat
Despite widespread volatility, there is still much to like about the current U.S. economic setup, as jobs continue to outstrip the supply of labor.
March 26, 2022
Economic trends
Expert: 'No end in sight' for diesel price inflation
Diesel prices are currently about $2 more per gallon than this time last year and have picked up $1.03 since the end of last month.
March 22, 2022
Economic trends
Trailer orders exceed build rates by about 3,000 per month
OEMs have been carefully managing trailer order intake but inbound orders still outpace the number of finished trailers.
March 14, 2022
Business
Trucking in 2022: Driver hours, new entrants 'surge'
Bill Driegert, co-founder and Head of Operations at Uber Freight, joins the 10-44 this week and talks with Jason and Matt about consumer savings, spending, truck driver hours and more.
March 10, 2022
Economic trends
Fleets scramble for trailers as production 'flatlines'
The industry backlog stretched through August, on average, at the start of the year and January reports point to a closing backlog that could extend into September.
February 15, 2022
Regulations
New Jersey again takes the top spot for trucking bottlenecks
As traffic rebounded from years prior, average rush hour truck speeds fell 11% in 2021.
February 9, 2022
Economic trends
Volumes dipped in fourth quarter while rates jumped
The U.S. Bank Freight Payment Index revealed a year-over-year decrease in freight volume and a significant increase in shipping costs in the fourth quarter of 2021. Also: Knight-Swift subsidiary adds "Supply Chain Disruption Compensation" for drivers.
January 27, 2022
Economic trends
Trucking conditions bounced back strong for carriers in November
FMCSA adds alternative vision standard for certain drivers; DOT proposes 27% decrease in 2023 UCR fees. Also: FMCSA adds alternative vision standard for certain drivers; DOT proposes 27% decrease in 2023 UCR fees.
January 25, 2022
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