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Economic trends: Page 20
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
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January 4, 2026
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
Economic trends
Spot van rate hits $3 milestone in December
National average truckload spot van and reefer rates increased for the seventh consecutive month in December.
January 20, 2022
Economic trends
Labor now the 'number one' inhibitor of sagging trailer production
At least one OEM is offering $1,000 sign-on bonuses for all factory workers.
January 12, 2022
Economic trends
Despite ongoing production woes, truck orders hit 365,000 units last year
Carriers have freight to haul and funds available for new trucks, but OEMs can’t build enough.
January 11, 2022
Business
What do trucking conditions look like in 2022? Expert: 'Continued strength in demand'
Jim Nicholson, vice president of operations at Loadsmart (and a former Schneider executive) says the first half of 2022 will be strong, "but there's question marks" beyond that.
January 6, 2022
Economic trends
Trailer orders bounce back as confidence in managing backlog grows
Excluding September, the industry has had an average 1.0% cancel rate on trailer orders since May.
December 22, 2021
Economic trends
Freight tonnage set to grow nearly 30% over the next decade
ATA expects truck tonnage to grow overall, but trucking's share of freight tonnage to dip.
December 20, 2021
Economic trends
More spot loads moving as capacity loosens
The Port of Houston is a good place to find freight right now.
December 15, 2021
Economic trends
Trucking conditions hit lowest point since July 2020
Rising fuel prices were the biggest reason for the decline, FTR said, as freight rates, volume and utilization remained strong. Also: EPA administrator test drives electric Volvo, Mack trucks; Certain Kenworths, Peterbilts recalled; more.
December 14, 2021
Economic trends
Get ready for a historic boom in the freight industry: Top economist
Semiconductor shortage? Runaway inflation? Driver shortage? Supply chain nightmares? All these issues are simply growing pains of an economy readying for a historic boom, Donald Broughton told CCJ.
December 13, 2021
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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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