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Economic trends: Page 2
Business
The underlying problems with the 'best freight market in history'
The year 2021 may go down in history as "the best freight economy in U.S. history," but as high as volumes and rates can climb there will still be winners and losers due to unprecedented supply-side problems.
September 23, 2021
Economic trends
Spot load volume returns to pre-holiday levels
Spot volume rebounded sharply in all segments, confirming that the recent reduction in load availability resulted from the Labor Day holiday.
September 21, 2021
Technology
New C.H. Robinson tech gives shippers insight into spot market rates and trends
Since January 2020, load postings are up 176% while postings from trucks looking for loads are down 5% – an imbalance that's driving up rates up.
September 20, 2021
Economic trends
DAT Truckload Volume Index gained 2% in August, national contract rate jumps
Shippers and logistics managers who would normally be gearing up for peak shipping season have encountered one test after another in terms of their ability to manage transportation pricing, capacity and supply chain disruptions.
September 16, 2021
Economic trends
Trailer orders bouncing back as some 2022 slots open
Fleets are eager to lock up prime 2022 build slots but OEMs continue to be careful in managing order scheduling.
September 15, 2021
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Indicators
Container cost surge of 445% collides with constrained supply chain
The cost of some equipment parts is tied up more in import fees than the parts themselves.
September 14, 2021
Economic trends
Trailer production recovery expected next year, 2023 for trucks
Orders from 2021 will roll into 2022, but the industry won’t catch up with demand until well into 2023 (trucks) and 2022 (trailers).
September 9, 2021
Equipment controls
Truck orders jump ahead of expected 'huge' demand next year
The increase in orders came as OEMs began taking more orders for 2022 but manufacturers remain cautious about fully booking as price negotiations continue with numerous fleets.
September 6, 2021
Economic trends
Refrigerated spot volume sets a record, market 'right for record rate increases'
Refrigerated load postings were roughly three times the five-year average volume for the week and about 73% above the same week last year.
August 31, 2021
Economic trends
Diesel fuel faces pricing pressure in Ida's wake
The storm has already taken about 13% of U.S. refining capacity offline, according to AAA. Also: Penske rolling out new EV pilot; Kenworth project will add wireless fast charging to Class 8 battery electric vehicles.
August 31, 2021
Economic trends
Events cancelling amid COVID resurgence bring market uncertainty
Dr. William Schaffner from the National Foundation for Infectious Diseases shared COVID insights with market experts from ACT Research and FTR.
August 27, 2021
Economic trends
Tighter capacity utilization, volume and fuel costs driving tough environment for shippers
FTR's Shippers Conditions Index fell in June, signifying a tough market for shippers and a strong market for carriers. Also: ZF, Locomation ink tie-up; FMCSA wants to know how many carriers are operating under the COVID emergency declaration.
August 27, 2021
Economic trends
Spot, contract rates hit new highs in July
Contract truckload rates again set records for all three equipment types, reflecting urgency among shippers to secure capacity and reduce volatility in their supply chains.
August 24, 2021
Economic trends
Truck, trailer build rates falling despite pent-up demand
Some heavy-duty OEMs are taking semiconductors away from medium-duty products to keep Class 8 truck production afloat.
August 22, 2021
Business
Freight volume to stay high as fleets face unprecedented supply chain, labor challenges
FTR CEO Eric Starks shares his forecast for the future of the trucking industry and the main challenges it faces. Parts, supply chains, and labor all pose serious threats.
August 17, 2021
Economic trends
Spot volume eases in the latest week as rates change little
Load posting volume on Truckstop.com dropped 8% last week and Outbound Tender Rejections continues to drop.
August 12, 2021
Economic trends
Trailer orders slump but fleets 'desperate' for new dry vans
The supply chain is still experiencing disruptions and bottlenecks. Some improvement in production is expected this year but there are indications some supplies will be restricted into next year.
August 11, 2021
Economic trends
New truck supply falls 25% short of market demand
Ordering for 2022 has commenced at most OEMs but delays remain due to cost uncertainty and the possibility of enduring supply chain bottlenecks.
August 9, 2021
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Top Stories
Regulations
California 88K lb. load limit targeting port congestion dubbed 'lipstick on a pig'
While California Gov. Gavin Newsom believes a larger 88,000-lb. gross truck weight can help reduce port congestion, trucking experts feel otherwise.
Maintenance
Troubleshooting aftertreatment woes starts early
Used trucks
Used truck prices likely to extend climb into 2022
Safety
Cargo theft likely to spike over the next seven days
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