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Economic trends: Page 21
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
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February 19, 2025
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
Economic trends
Spot market bolstering contract renewal rates
The ongoing chassis trailer shortage has been exacerbated by higher-than-normal container dwell times for local container delivery and intermodal rail cars to move containers east.
August 6, 2021
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
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
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