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Economic trends: Page 21
Economic trends
Slightly weaker flatbed metrics offset small gains in dry van and refrigerated
Spot rates were essentially flat week-over-week as a small decline in flatbed rates offset relatively small gains in dry van and refrigerated.
August 3, 2021
Companies
Truck gate operations have resumed at Barbours Cut and Bayport Terminals
Barbours Cut and Bayport Terminals expressed regret to truckers, and appreciation for their patience, while resolving a hardware issue that shut the ports to truck traffic for almost three days. Also: Dana invests in EV startup; Driver gets shut down.
August 2, 2021
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August 1, 2025
Economic trends
Masks are back and more freight could be coming
Citing concern with COVID breakthrough cases, the CDC recommended indoor mask-wearing Tuesday regardless of vaccination status. Trucking experts say volumes should remain 'strong' amid surging cases and may even grow stronger.
July 28, 2021
Outlook and Benchmarking
Surge in COVID prompts Walmart to close stores for deep-cleaning
With COVID cases rising, Walmart is shutting down some stores for deep-cleaning. This is not necessarily an indicator of pending "major economic damage" according to ACT Research.
July 26, 2021
Indicators
ACT's For-Hire Trucking Index dipped in June despite strong freight volumes, rates
The latest release of ACT’s For-Hire Trucking Index, with June data, showed a slowing in volumes, pricing moderating at a high level, and a still-strong supply-demand balance. Also: FMCSA tightening CDL reporting requirements for states; more.
July 26, 2021
Economic trends
Truck Tonnage Index falls for second consecutive month, spot rates sliding
For-Hire Truck Tonnage Index decreased 1.5% in June after falling 1% in May.
July 20, 2021
Trucks
Chip shortage, ecommerce driving leasing interest
Tight new truck inventories are driving more leasing business, but equipment could dry up fast amid "unprecedented demand."
July 20, 2021
Economic trends
June trailer orders subdued ahead of what could be 'record' 2022
Most OEMs are not taking additional orders for 2021 delivery.
July 15, 2021
Economic trends
Trucking's 'driver shortage' claims miss a key point
Trucking leaders have consistently identified a driver shortage as the number one problem plaguing the industry, but a recent panel discussion of efforts might just turn that on its head.
July 14, 2021
Spot market
Spot rates close out June on high note
Spot truckload freight volumes increased 4.5% last week while capacity tightened, as the total number of trucks posted to the DAT network declined 4.7% compared to the previous week, according to DAT Freight & Analytics.
July 5, 2021
Business
Report: Pandemic's impact on the supply chain, freight market
The hottest story in business news right now is the global supply chain's whipsawing volatility. A new report reveals what fleet owners need to know about the unprecedented changes.
June 30, 2021
Business
Spot volume holds steady, rates mostly up
A group of more than 60 trucking groups penned a letter to the House asking for an amendment to remove a liability insurance hike for motor carriers from the highway bill. Also: Spot rates steady and Transition Trucking award nominations sought.
June 29, 2021
Indicators
Truck tonnage dipped for second consecutive month while still strong year-over-year
ATA's Truck Tonnage Index fell by 0.7% in May after falling 0.6% in April. Compared with May 2020, the seasonally adjusted index rose 3.7%. Also: Minneapolis looks to ban overnight truck parking; Trucking volumes down while rates remain high, ACT says.
June 23, 2021
Economic trends
Trailer market 'in a strange place right now' as supply chain woes outpace demand
Backlogs for dry vans and reefers are already into next year, and fleets "may be unwilling to extend their commitments."
June 20, 2021
Business
More guilty pleas announced in New Orleans staged-accident fraud scheme
Two more guilty pleas in staged-accident fraud scheme that netted $707,500. Also: ACT Research report on soaring freight rate expansion; FMCSA boss visits transportation leaders in NY/NJ; more.
June 18, 2021
Freight demand
Capital expenditures driving freight demand, analyst says
Higher than normal capital expenditures from manufacturers as the economy continues to recover from the pandemic will continue to drive freight demand for the next few quarters, but expect a shift in the coming months, according to ACT Research.
June 14, 2021
Indicators
FTR: Trucking conditions continued record-setting pace in April
Following a record-setting month in March, FTR’s Trucking Conditions Index (TCI) for April hit another record-high of 16.82, surpassing March’s record of 16.27. Also: NTTC announces new leadership; comments sought for pulsating lights request.
June 14, 2021
Economic trends
Truck orders slide as OEMs run out of build slots
The drop-off in May does not represent a weakening of demand, as freight growth continues to be robust and spot rates hit all-time highs.
June 3, 2021
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