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Economic trends: Page 18
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
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March 1, 2026
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
Economic trends
September truck orders 'sensational,' record-breaking
The strength in orders reflects OEMs having fully opened their order boards for 2023 a bit earlier than normal.
October 5, 2022
Freight demand
Unlike prior storms Hurricane Ian delivers 'more regional impact' on loads and rates
Preexisting market conditions help turn Category 4 Hurricane Ian into more of a regional event as national freight averages remain 'virtually unchanged.'
October 4, 2022
Economic trends
Double-brokering scams that can result in theft of more than just money
Amid alerts to an active ring in Southern California targeting cargo for theft through various "strategic" means, a well-known theft investigator laid out three double-brokering and/or ID-theft scenarios that increasingly result in physical load theft.
October 4, 2022
Economic trends
Freight disruption likely for Florida coast as HOS waivers issued ahead of hurricane landfall
Inbound volumes are likely to pick up immediately in the Tampa Bay area after Hurricane Ian moves in, with outbound lagging 'a week or two.'
September 27, 2022
Business
Conditions for carriers improved in July
FTR reports trucking conditions remained negative despite gains from June. Also: Freight volumes were flat in August while utilization was down; TLSS has acquired New Jersey-based Freight Connections.
September 23, 2022
Economic trends
Truck tonnage rebounds in August after dip in July
ATA's For-Hire Truck Tonnage Index rose 2.8% in August after decreasing 1.5% in July. Also: FMCSA to study how drivers engage with autonomous trucks; Volvo to begin customer testing of hydrogen fuel-cell trucks in Europe in 2025.
September 22, 2022
Economic trends
Replacement demand likely to drive truck orders despite economic headwinds
Despite economic volatility and sagging rates, fleets want more trucks.
September 21, 2022
Economic trends
Rail strike impact on road freight would be 'quick,' 'immediate'
The last two rail work-stoppages, 30 years ago, combined to last for three days before Congressional action ended them both.
September 14, 2022
Economic trends
Possible rail strike could be 'polar vortex-level shock to the freight market'
A looming railroad strike could have a historically significant impact on the U.S. economy and will influence every on-highway transport mode to some degree.
September 12, 2022
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
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
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